MWA Asset Management Cuts Holdings in LendingTree, Inc. (NASDAQ:TREE)

MWA Asset Management cut its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 31.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 14,829 shares of the financial services provider’s stock after selling 6,899 shares during the period. MWA Asset Management’s holdings in LendingTree were worth $575,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Point72 DIFC Ltd lifted its stake in LendingTree by 77.0% in the third quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock worth $67,000 after acquiring an additional 499 shares during the last quarter. National Bank of Canada FI purchased a new stake in shares of LendingTree during the 3rd quarter worth $32,000. nVerses Capital LLC grew its stake in shares of LendingTree by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 800 shares in the last quarter. CWM LLC increased its holdings in LendingTree by 262.1% in the third quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,578 shares during the last quarter. Finally, Empowered Funds LLC raised its stake in LendingTree by 5.2% in the third quarter. Empowered Funds LLC now owns 35,218 shares of the financial services provider’s stock valued at $2,044,000 after buying an additional 1,742 shares in the last quarter. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

LendingTree Trading Up 0.7 %

Shares of TREE opened at $45.71 on Friday. 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 fifty-two week low of $28.50 and a fifty-two week high of $62.49. The firm has a 50-day simple moving average of $40.96 and a 200-day simple moving average of $48.61.

Insiders Place Their Bets

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 564 shares of the company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas R. Lebda bought 13,000 shares of LendingTree stock in a transaction dated Friday, December 6th. The stock was purchased at an average price of $39.72 per share, with a total value of $516,360.00. Following the purchase, the chief executive officer now directly owns 121,599 shares in the company, valued at approximately $4,829,912.28. This trade represents a 11.97 % increase in their position. The disclosure for this purchase can be found here. 23.40% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TREE shares. Keefe, Bruyette & Woods increased their price objective on LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Oppenheimer raised their price objective on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Needham & Company LLC upped their target price on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday, November 1st. Northland Securities upgraded shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target on the stock in a research note on Tuesday, January 21st. Finally, Truist Financial upped 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. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, LendingTree presently has an average rating of “Moderate Buy” and an average target price of $64.00.

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.