MWA Asset Management Increases Stock Holdings in LendingTree, Inc. (NASDAQ:TREE)

MWA Asset Management raised its position in shares of LendingTree, Inc. (NASDAQ:TREE) by 30.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,728 shares of the financial services provider’s stock after buying an additional 5,072 shares during the period. MWA Asset Management owned about 0.16% of LendingTree worth $1,261,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in TREE. Jacobs Levy Equity Management Inc. grew its position in LendingTree by 6.6% during 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 buying an additional 22,581 shares during the period. Emerald Advisers LLC boosted its position in shares of LendingTree by 3.0% in the 3rd quarter. Emerald Advisers LLC now owns 356,389 shares of the financial services provider’s stock worth $20,681,000 after buying an additional 10,497 shares in the last quarter. Renaissance Technologies LLC raised its position in LendingTree by 25.0% during 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 during the last quarter. Emerald Mutual Fund Advisers Trust lifted its holdings 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 valued at $11,676,000 after purchasing an additional 23,995 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in shares of LendingTree in the second quarter valued at approximately $8,380,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 23.40% of the company’s stock.

Analyst Upgrades and Downgrades

TREE has been the subject of several analyst reports. Needham & Company LLC upped their target price on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Oppenheimer increased their price objective on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Stephens raised their price target on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Keefe, Bruyette & Woods lifted their price target on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Northland Securities increased their price objective on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, LendingTree presently has an average rating of “Moderate Buy” and a consensus price target of $64.00.

LendingTree Trading Down 1.1 %

Shares of NASDAQ:TREE opened at $42.94 on Wednesday. LendingTree, Inc. has a 1-year low of $15.75 and a 1-year 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. The stock has a market capitalization of $573.68 million, a price-to-earnings ratio of -15.90 and a beta of 2.11. The company has a 50 day moving average price of $54.66 and a 200 day moving average price of $49.95.

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.