GSA Capital Partners LLP Takes $1.61 Million Position in LendingTree, Inc. (NASDAQ:TREE)

GSA Capital Partners LLP acquired a new position in shares of LendingTree, Inc. (NASDAQ:TREE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 27,787 shares of the financial services provider’s stock, valued at approximately $1,612,000. GSA Capital Partners LLP owned approximately 0.21% of LendingTree at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Headlands Technologies LLC increased its position in LendingTree by 16.8% during the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 270 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in LendingTree by 1.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock worth $697,000 after acquiring an additional 295 shares during the last quarter. CWM LLC grew its holdings in LendingTree by 230.8% during the 2nd quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 420 shares during the last quarter. nVerses Capital LLC grew its holdings in LendingTree by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 800 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in LendingTree by 5.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider’s stock worth $1,435,000 after acquiring an additional 1,605 shares during the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Stock Up 3.4 %

Shares of NASDAQ TREE opened at $54.01 on Wednesday. LendingTree, Inc. has a 12-month low of $13.87 and a 12-month high of $62.49. The company’s fifty day simple moving average is $55.22 and its 200 day simple moving average is $49.82. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92.

Insider Buying and Selling

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 23.40% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Needham & Company LLC boosted their target price on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Susquehanna boosted their target price on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods boosted their target price on shares of LendingTree from $71.00 to $73.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Oppenheimer upped their price objective on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Northland Securities upped their price objective on shares of LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Profile

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.