Wealthfront Advisers LLC Makes New Investment in LendingTree, Inc. (NASDAQ:TREE)

Wealthfront Advisers LLC bought a new position in shares of LendingTree, Inc. (NASDAQ:TREE) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,393 shares of the financial services provider’s stock, valued at approximately $54,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its position in shares of LendingTree by 101.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 1,021 shares during the last quarter. Versor Investments LP acquired a new position in shares of LendingTree during the 4th quarter valued at about $298,000. Proficio Capital Partners LLC acquired a new position in shares of LendingTree during the 4th quarter valued at about $899,000. Polar Asset Management Partners Inc. acquired a new position in shares of LendingTree during the 3rd quarter valued at about $1,045,000. Finally, Barclays PLC boosted its position in shares of LendingTree by 301.5% during the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider’s stock valued at $1,244,000 after acquiring an additional 16,077 shares during the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Stock Down 3.8 %

Shares of NASDAQ:TREE opened at $48.70 on Wednesday. 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 firm has a market capitalization of $652.29 million, a PE ratio of -18.04 and a beta of 2.14. The firm’s 50-day moving average is $43.38 and its two-hundred day moving average is $47.14. LendingTree, Inc. has a 1 year low of $33.58 and a 1 year high of $62.49.

Insiders Place Their Bets

In other news, COO Scott Peyree bought 9,794 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the purchase, the chief operating officer now owns 97,566 shares of the company’s stock, valued at approximately $4,500,719.58. This represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 23.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on TREE. StockNews.com raised shares of LendingTree from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Stephens restated an “overweight” rating and issued a $69.00 price objective on shares of LendingTree in a report on Thursday, March 6th. Keefe, Bruyette & Woods reduced their price objective on shares of LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. boosted their price objective on shares of LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, LendingTree presently has an average rating of “Buy” and a consensus target price of $65.75.

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.