Victory Capital Management Inc. Sells 7,490 Shares of LendingTree, Inc. (NASDAQ:TREE)

Victory Capital Management Inc. cut its position in shares of LendingTree, Inc. (NASDAQ:TREE) by 13.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,210 shares of the financial services provider’s stock after selling 7,490 shares during the period. Victory Capital Management Inc.’s holdings in LendingTree were worth $2,798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in LendingTree by 697.5% during the first quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock valued at $535,000 after buying an additional 11,049 shares during the last quarter. Lisanti Capital Growth LLC bought a new position in LendingTree during the third quarter valued at approximately $3,651,000. Emerald Mutual Fund Advisers Trust lifted its stake in shares of LendingTree by 9.3% in the 2nd 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 during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of LendingTree by 6.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock valued at $15,419,000 after purchasing an additional 22,581 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of LendingTree in the 3rd quarter valued at approximately $1,612,000. 68.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on TREE. Truist Financial raised their price objective on LendingTree from $60.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Susquehanna raised their price objective on LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods raised their price objective on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Oppenheimer raised their price objective on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Finally, Needham & Company LLC raised their price objective on LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $64.00.

Insider Transactions at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was 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 SEC, which can be accessed through this hyperlink. Company insiders own 23.40% of the company’s stock.

LendingTree Trading Up 0.8 %

Shares of NASDAQ TREE opened at $43.99 on Friday. 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 business’s 50 day moving average price is $53.79 and its 200-day moving average price is $49.77. LendingTree, Inc. has a fifty-two week low of $15.78 and a fifty-two week high of $62.49. The company has a market cap of $587.71 million, a price-to-earnings ratio of -16.29 and a beta of 2.11.

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.