Intellectus Partners LLC Increases Stock Position in LendingTree, Inc. (NASDAQ:TREE)

Intellectus Partners LLC grew its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 58.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 19,375 shares of the financial services provider’s stock after buying an additional 7,125 shares during the period. Intellectus Partners LLC’s holdings in LendingTree were worth $1,124,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jacobs Levy Equity Management Inc. grew its holdings in LendingTree by 6.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock worth $15,419,000 after purchasing an additional 22,581 shares during the period. Emerald Advisers LLC raised its stake in LendingTree by 3.0% during the third quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock valued at $20,681,000 after buying an additional 10,497 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in LendingTree by 25.0% in the second quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock worth $12,182,000 after acquiring an additional 58,500 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its stake in shares of LendingTree by 9.3% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after acquiring an additional 23,995 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of LendingTree by 53.9% during the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock valued at $10,868,000 after acquiring an additional 89,900 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors.

LendingTree Trading Down 2.7 %

Shares of NASDAQ:TREE opened at $48.45 on Friday. The firm has a fifty day moving average price of $55.09 and a 200 day moving average price of $49.93. LendingTree, Inc. has a fifty-two week low of $15.10 and a fifty-two week high of $62.49. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

Insider Buying and Selling

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $52.54, for a total value of $29,632.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.40% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on TREE shares. Truist Financial increased their price target on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a report on Friday, November 1st. Susquehanna increased their target price on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Oppenheimer boosted their price target on LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC increased their price objective on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Stephens lifted their price objective on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, LendingTree 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.