LendingTree, Inc. (NASDAQ:TREE) Shares Sold by Shenkman Capital Management Inc.

Shenkman Capital Management Inc. trimmed its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 381,967 shares of the financial services provider’s stock after selling 35,412 shares during the quarter. Shenkman Capital Management Inc. owned about 2.86% of LendingTree worth $14,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of TREE. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of LendingTree by 199.1% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,035 shares of the financial services provider’s stock worth $1,939,000 after acquiring an additional 33,309 shares during the period. Wealthfront Advisers LLC purchased a new stake in LendingTree in the 4th quarter valued at approximately $54,000. Intellectus Partners LLC increased its position in LendingTree by 33.9% during the 4th quarter. Intellectus Partners LLC now owns 25,950 shares of the financial services provider’s stock worth $1,006,000 after purchasing an additional 6,575 shares during the period. Raymond James Financial Inc. acquired a new position in LendingTree during the 4th quarter worth approximately $1,254,000. Finally, Proficio Capital Partners LLC purchased a new position in shares of LendingTree during the 4th quarter worth approximately $899,000. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Scott Peyree bought 21,045 shares of the stock in a transaction on Tuesday, March 11th. The stock was purchased at an average cost of $41.69 per share, with a total value of $877,366.05. Following the purchase, the chief operating officer now owns 76,760 shares of the company’s stock, valued at approximately $3,200,124.40. The trade was a 37.77 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 23.40% of the company’s stock.

Analyst Ratings Changes

TREE has been the topic of a number of analyst reports. StockNews.com upgraded LendingTree from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 7th. Needham & Company LLC lowered their price target on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating on the stock in a research note on Thursday, March 6th. Stephens reiterated an “overweight” rating and issued a $69.00 price objective on shares of LendingTree in a research note on Thursday, March 6th. Northland Capmk upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. increased their target price 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 analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $65.75.

LendingTree Trading Up 1.5 %

Shares of TREE stock opened at $46.54 on Friday. The company has a market capitalization of $623.36 million, a price-to-earnings ratio of -17.24 and a beta of 2.14. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The firm has a 50-day moving average price of $42.80 and a 200 day moving average price of $47.48. LendingTree, Inc. has a twelve month low of $33.58 and a twelve month high of $62.49.

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.