Scott Peyree Buys 9,794 Shares of LendingTree, Inc. (NASDAQ:TREE) Stock

LendingTree, Inc. (NASDAQ:TREE) COO Scott Peyree acquired 9,794 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the acquisition, the chief operating officer now directly owns 97,566 shares of the company’s stock, valued at approximately $4,500,719.58. This trade represents a 11.16 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link.

Scott Peyree also recently made the following trade(s):

• On Tuesday, March 11th, Scott Peyree acquired 21,045 shares of LendingTree stock. The stock was purchased at an average cost of $41.69 per share, for a total transaction of $877,366.05.

LendingTree Price Performance

TREE stock traded up $0.92 during trading on Monday, hitting $50.18. The stock had a trading volume of 189,063 shares, compared to its average volume of 231,348. LendingTree, Inc. has a twelve month low of $33.58 and a twelve month high of $62.49. The company’s 50-day moving average price is $42.98 and its two-hundred day moving average price is $47.26. 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 stock has a market capitalization of $672.11 million, a P/E ratio of -18.59 and a beta of 2.14.

Wall Street Analysts Forecast Growth

TREE has been the topic of a number of research reports. StockNews.com raised LendingTree from a “buy” rating to a “strong-buy” rating in a report on Friday, March 7th. Needham & Company LLC dropped their target price on LendingTree from $78.00 to $65.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Northland Capmk raised LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 21st. Stephens reaffirmed an “overweight” rating and set a $69.00 target price on shares of LendingTree in a report on Thursday, March 6th. Finally, Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price on the stock in a report on Tuesday, January 21st. One analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $65.75.

Institutional Investors Weigh In On LendingTree

Large investors have recently modified their holdings of the business. Empowered Funds LLC raised its position in shares of 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 during the last quarter. Thrivent Financial for Lutherans raised its position in shares of LendingTree by 48.8% in the third quarter. Thrivent Financial for Lutherans now owns 20,519 shares of the financial services provider’s stock valued at $1,191,000 after buying an additional 6,727 shares during the last quarter. MWA Asset Management raised its position in shares of LendingTree by 30.5% in the third quarter. MWA Asset Management now owns 21,728 shares of the financial services provider’s stock valued at $1,261,000 after buying an additional 5,072 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of LendingTree by 27.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,726 shares of the financial services provider’s stock valued at $971,000 after buying an additional 3,648 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new stake in shares of LendingTree in the third quarter valued at about $247,000. Hedge funds and other institutional investors own 68.26% of the company’s stock.

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.