Proficio Capital Partners LLC purchased a new position in LendingTree, Inc. (NASDAQ:TREE - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,211 shares of the financial services provider's stock, valued at approximately $899,000. Proficio Capital Partners LLC owned approximately 0.17% of LendingTree at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Point72 DIFC Ltd boosted its position in LendingTree by 77.0% during the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider's stock valued at $67,000 after buying an additional 499 shares during the period. National Bank of Canada FI purchased a new stake in LendingTree during the 3rd quarter valued at $32,000. Asset Management One Co. Ltd. boosted its position in LendingTree by 101.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider's stock valued at $80,000 after buying an additional 1,021 shares during the period. Empowered Funds LLC boosted its position in LendingTree by 4.9% during the 4th quarter. Empowered Funds LLC now owns 36,946 shares of the financial services provider's stock valued at $1,432,000 after buying an additional 1,728 shares during the period. Finally, New York State Common Retirement Fund boosted its position in LendingTree by 75.0% during the 4th quarter. New York State Common Retirement Fund now owns 4,707 shares of the financial services provider's stock valued at $182,000 after buying an additional 2,017 shares during the period. Hedge funds and other institutional investors own 68.26% of the company's stock.
Shares of TREE stock traded down $0.72 during trading hours on Friday, reaching $48.62. The company had a trading volume of 604,508 shares, compared to its average volume of 230,253. The business has a fifty day moving average price of $42.38 and a 200-day moving average price of $47.72. LendingTree, Inc. has a one year low of $33.58 and a one year high of $62.49. The firm has a market cap of $649.66 million, a PE ratio of -18.01 and a beta of 2.14. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.
Several equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods dropped their target price on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research report on Thursday. Northland Capmk raised shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. Northland Securities upgraded shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a research note on Tuesday, January 21st. StockNews.com upgraded shares of LendingTree from a "buy" rating to a "strong-buy" rating in a research note on Friday. Finally, JPMorgan Chase & Co. raised their price objective on shares of LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $65.75.
Read Our Latest Analysis on TREE
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.
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