Versor Investments LP Buys Shares of 7,700 LendingTree, Inc. (NASDAQ:TREE)

Versor Investments LP purchased a new position in LendingTree, Inc. (NASDAQ:TREE) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 7,700 shares of the financial services provider’s stock, valued at approximately $298,000. Versor Investments LP owned approximately 0.06% of LendingTree as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in TREE. Geode Capital Management LLC boosted its holdings in LendingTree by 1.0% in the third quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider’s stock worth $14,697,000 after acquiring an additional 2,595 shares in the last quarter. Hennessy Advisors Inc. raised its position in shares of LendingTree by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider’s stock worth $9,393,000 after purchasing an additional 15,400 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in LendingTree by 3.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 88,206 shares of the financial services provider’s stock worth $5,119,000 after purchasing an additional 2,602 shares in the last quarter. Lisanti Capital Growth LLC purchased a new stake in LendingTree during the 3rd quarter valued at about $3,651,000. Finally, Empowered Funds LLC increased its stake in LendingTree by 4.9% during the 4th quarter. Empowered Funds LLC now owns 36,946 shares of the financial services provider’s stock valued at $1,432,000 after purchasing an additional 1,728 shares in the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.

Insider Buying and Selling

In other LendingTree news, CEO Douglas R. Lebda acquired 13,000 shares of the stock in a transaction dated Friday, December 6th. The shares were purchased at an average price of $39.72 per share, for a total transaction of $516,360.00. Following the purchase, the chief executive officer now directly owns 121,599 shares of the company’s stock, valued at approximately $4,829,912.28. This trade represents a 11.97 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Scott V. Totman bought 3,750 shares of the business’s stock in a transaction that occurred on Friday, December 6th. The shares were acquired at an average price of $38.59 per share, with a total value of $144,712.50. Following the completion of the transaction, the chief technology officer now directly owns 18,192 shares of the company’s stock, valued at $702,029.28. This trade represents a 25.97 % increase in their position. The disclosure for this purchase can be found here. 23.40% of the stock is currently owned by corporate insiders.

LendingTree Price Performance

Shares of TREE opened at $38.14 on Tuesday. The firm has a fifty day simple moving average of $41.97 and a two-hundred day simple moving average of $47.91. The firm has a market cap of $509.63 million, a PE ratio of -14.13 and a beta of 2.07. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree, Inc. has a 1-year low of $33.58 and a 1-year high of $62.49.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TREE shares. Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 21st. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a report on Friday, February 14th. Finally, Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $67.71.

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.