25,510 Shares in LendingTree, Inc. (NASDAQ:TREE) Purchased by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new position in shares of LendingTree, Inc. (NASDAQ:TREE) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 25,510 shares of the financial services provider’s stock, valued at approximately $989,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TREE. Trexquant Investment LP increased its position in shares of LendingTree by 97.0% during the 4th quarter. Trexquant Investment LP now owns 81,308 shares of the financial services provider’s stock worth $3,151,000 after purchasing an additional 40,038 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in LendingTree by 74.6% during the 4th quarter. Victory Capital Management Inc. now owns 84,180 shares of the financial services provider’s stock valued at $3,262,000 after acquiring an additional 35,970 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in LendingTree by 199.1% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,035 shares of the financial services provider’s stock valued at $1,939,000 after acquiring an additional 33,309 shares during the period. Raymond James Financial Inc. purchased a new position in LendingTree during the 4th quarter valued at about $1,254,000. Finally, Proficio Capital Partners LLC purchased a new position in LendingTree during the 4th quarter valued at about $899,000. 68.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TREE has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lowered their target price on LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Needham & Company LLC lowered their target price on LendingTree from $78.00 to $65.00 and set a “buy” rating for the company in a report on Thursday, March 6th. JPMorgan Chase & Co. raised their target price on LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. Stephens reiterated an “overweight” rating and issued a $69.00 price objective on shares of LendingTree in a research note on Thursday, March 6th. Finally, Northland Securities upgraded 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. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, LendingTree has a consensus rating of “Buy” and an average target price of $65.75.

Insider Buying and Selling

In other LendingTree news, COO Scott Peyree bought 9,794 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the purchase, the chief operating officer now directly owns 97,566 shares in the company, valued at $4,500,719.58. This trade represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.40% of the stock is owned by company insiders.

LendingTree Price Performance

TREE stock opened at $42.29 on Friday. The business has a 50 day moving average price of $46.06 and a 200 day moving average price of $46.34. The stock has a market cap of $566.43 million, a price-to-earnings ratio of -15.66 and a beta of 1.90. LendingTree, Inc. has a fifty-two week low of $33.58 and a fifty-two week high of $62.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

LendingTree Company 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.