Heather Enlow-Novitsky Sells 564 Shares of LendingTree, Inc. (NASDAQ:TREE) Stock

LendingTree, Inc. (NASDAQ:TREE) General Counsel Heather Enlow-Novitsky sold 564 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $52.54, for a total value of $29,632.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

LendingTree Trading Up 3.4 %

Shares of LendingTree stock traded up $1.77 during midday trading on Tuesday, reaching $54.01. 453,337 shares of the company’s stock traded hands, compared to its average volume of 237,707. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.82 and a current ratio of 0.92. The company has a market cap of $721.57 million, a PE ratio of -19.87 and a beta of 2.11. The stock has a 50 day moving average of $55.22 and a 200-day moving average of $49.82. LendingTree, Inc. has a 12 month low of $13.87 and a 12 month high of $62.49.

Analyst Upgrades and Downgrades

TREE has been the topic of several recent research reports. Keefe, Bruyette & Woods boosted their price objective 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. Truist Financial increased their price objective on shares of LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC raised their target price on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Northland Securities boosted their target price on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Finally, StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research note on Sunday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $64.00.

Institutional Investors Weigh In On LendingTree

A number of institutional investors have recently modified their holdings of TREE. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of LendingTree by 5.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider’s stock worth $1,435,000 after buying an additional 1,605 shares during the period. Empowered Funds LLC grew its stake in LendingTree by 7.9% during the 1st quarter. Empowered Funds LLC now owns 31,136 shares of the financial services provider’s stock valued at $1,318,000 after purchasing an additional 2,275 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its stake in LendingTree by 185.2% during the 1st quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock valued at $840,000 after purchasing an additional 12,889 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of LendingTree by 16.8% in the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 270 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in shares of LendingTree in the first quarter valued at $339,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

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.