Intellectus Partners LLC Raises Holdings in LendingTree, Inc. (NASDAQ:TREE)

Intellectus Partners LLC lifted its holdings in LendingTree, Inc. (NASDAQ:TREE) by 33.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,950 shares of the financial services provider’s stock after purchasing an additional 6,575 shares during the quarter. Intellectus Partners LLC owned 0.19% of LendingTree worth $1,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Lisanti Capital Growth LLC purchased a new position in LendingTree in the 3rd quarter worth about $3,651,000. Asset Management One Co. Ltd. grew its stake in shares of LendingTree by 101.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 1,021 shares during the period. Versor Investments LP purchased a new position in shares of LendingTree during the fourth quarter valued at approximately $298,000. GSA Capital Partners LLP bought a new position in LendingTree during the third quarter valued at approximately $1,612,000. Finally, Polar Asset Management Partners Inc. bought a new position in LendingTree during the third quarter valued at approximately $1,045,000. 68.26% of the stock is owned by institutional investors.

LendingTree Stock Down 1.5 %

TREE stock opened at $48.62 on Friday. The business’s 50-day moving average price is $42.38 and its 200-day moving average price is $47.74. The stock has a market cap of $649.66 million, a P/E ratio of -18.01 and a beta of 2.07. LendingTree, Inc. has a twelve month low of $33.58 and a twelve month high of $62.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

Wall Street Analysts Forecast Growth

TREE has been the subject of a number of research reports. Needham & Company LLC decreased their target price on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday. JPMorgan Chase & Co. upped their price objective on LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday. Keefe, Bruyette & Woods lowered their target price on LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a report on Thursday. Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research note on Tuesday, January 21st. Finally, Stephens reiterated an “overweight” rating and issued a $69.00 price objective on shares of LendingTree in a research note on Thursday. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, LendingTree has a consensus rating of “Buy” and a consensus price target 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.