LendingTree, Inc. (NASDAQ:TREE) Shares Sold by Mariner LLC

Mariner LLC lowered its position in LendingTree, Inc. (NASDAQ:TREE) by 11.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,450,345 shares of the financial services provider’s stock after selling 189,721 shares during the quarter. Mariner LLC owned about 0.11% of LendingTree worth $56,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in TREE. National Bank of Canada FI bought a new position in LendingTree in the 3rd quarter valued at about $32,000. New Age Alpha Advisors LLC bought a new position in shares of LendingTree in the fourth quarter valued at approximately $36,000. Wealthfront Advisers LLC acquired a new position in shares of LendingTree during the fourth quarter valued at approximately $54,000. KLP Kapitalforvaltning AS bought a new stake in LendingTree during the fourth quarter worth approximately $70,000. Finally, Asset Management One Co. Ltd. lifted its position in LendingTree by 101.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 1,021 shares during the period. Institutional investors own 68.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on TREE shares. Needham & Company LLC dropped their price objective on LendingTree from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Keefe, Bruyette & Woods dropped their price target on shares of LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. 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 report on Thursday, March 6th. StockNews.com downgraded shares of LendingTree from a “strong-buy” rating to a “buy” rating in a report on Tuesday, April 8th. Finally, Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, LendingTree has an average rating of “Buy” and an average target price of $65.75.

Insider Buying and Selling

In other LendingTree news, COO Scott Peyree acquired 9,794 shares of LendingTree stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $46.13 per share, with a total value of $451,797.22. Following the purchase, the chief operating officer now owns 97,566 shares in the company, valued at approximately $4,500,719.58. The trade was a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 23.40% of the company’s stock.

LendingTree Stock Performance

Shares of TREE opened at $43.01 on Tuesday. LendingTree, Inc. has a one year low of $33.58 and a one year high of $62.49. The company has a 50-day moving average of $45.95 and a two-hundred day moving average of $46.07. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market cap of $576.08 million, a price-to-earnings ratio of -15.93 and a beta of 1.90.

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.