Barclays PLC Has $1.24 Million Stake in LendingTree, Inc. (NASDAQ:TREE)

Barclays PLC grew its stake in LendingTree, Inc. (NASDAQ:TREE) by 301.5% during the third quarter, HoldingsChannel reports. The firm owned 21,409 shares of the financial services provider’s stock after buying an additional 16,077 shares during the quarter. Barclays PLC’s holdings in LendingTree were worth $1,244,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Lisanti Capital Growth LLC bought a new position in LendingTree in the 3rd quarter valued at approximately $3,651,000. Renaissance Technologies LLC lifted its stake in shares of LendingTree by 25.0% in the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock valued at $12,182,000 after acquiring an additional 58,500 shares during the last quarter. Walleye Capital LLC boosted its holdings in shares of LendingTree by 118.0% during the 3rd quarter. Walleye Capital LLC now owns 7,770 shares of the financial services provider’s stock valued at $451,000 after acquiring an additional 50,910 shares in the last quarter. ClariVest Asset Management LLC bought a new stake in LendingTree during the 2nd quarter worth $1,360,000. Finally, GSA Capital Partners LLP acquired a new position in LendingTree in the 3rd quarter worth about $1,612,000. 68.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

TREE has been the topic of a number of recent research reports. Truist Financial lifted their price target on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. 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. Keefe, Bruyette & Woods raised their price target on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Oppenheimer boosted their price objective on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

Insider Buying and Selling

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $52.54, for a total transaction of $29,632.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CTO Scott V. Totman acquired 3,750 shares of LendingTree stock in a transaction dated Friday, December 6th. The shares were bought at an average cost of $38.59 per share, with a total value of $144,712.50. Following the transaction, the chief technology officer now owns 18,192 shares in the company, valued at approximately $702,029.28. This trade represents a 25.97 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.40% of the stock is owned by insiders.

LendingTree Stock Down 2.6 %

Shares of NASDAQ TREE opened at $39.25 on Monday. The company’s 50 day moving average price is $45.19 and its 200-day moving average price is $49.10. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. LendingTree, Inc. has a 52-week low of $24.55 and a 52-week high of $62.49. The company has a market capitalization of $524.46 million, a P/E ratio of -14.54 and a beta of 2.03.

About LendingTree

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.