Lendingtree Inc (TREE) Holdings Lowered by LS Investment Advisors LLC

LS Investment Advisors LLC lowered its position in shares of Lendingtree Inc (NASDAQ:TREE) by 56.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 914 shares of the financial services provider’s stock after selling 1,205 shares during the quarter. LS Investment Advisors LLC’s holdings in Lendingtree were worth $311,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. lifted its position in shares of Lendingtree by 5.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 33,435 shares of the financial services provider’s stock worth $8,174,000 after buying an additional 1,862 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Lendingtree by 7.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 140,699 shares of the financial services provider’s stock worth $34,393,000 after buying an additional 9,658 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Lendingtree during the 3rd quarter worth approximately $1,060,000. USA Financial Portformulas Corp bought a new position in shares of Lendingtree during the 3rd quarter worth approximately $568,000. Finally, Global X MANAGEMENT CO LLC raised its holdings in shares of Lendingtree by 55.2% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,813 shares of the financial services provider’s stock worth $688,000 after purchasing an additional 1,000 shares during the period. 74.60% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider Nikul Patel sold 1,000 shares of Lendingtree stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the transaction, the insider now directly owns 4,953 shares in the company, valued at approximately $1,485,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Carla Shumate sold 4,800 shares of Lendingtree stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $343.72, for a total transaction of $1,649,856.00. Following the completion of the transaction, the insider now owns 7,227 shares of the company’s stock, valued at $2,484,064.44. The disclosure for this sale can be found here. Insiders sold a total of 119,676 shares of company stock valued at $39,311,897 over the last quarter. 21.90% of the stock is owned by company insiders.

A number of equities research analysts recently commented on TREE shares. Zacks Investment Research cut shares of Lendingtree from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Oppenheimer lifted their price target on shares of Lendingtree from $245.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. Bank of America reaffirmed a “buy” rating and issued a $425.00 price target on shares of Lendingtree in a report on Tuesday, January 23rd. Stephens lifted their price target on shares of Lendingtree from $250.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Finally, Citigroup reaffirmed an “outperform” rating and issued a $290.00 price target on shares of Lendingtree in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $288.85.

Lendingtree Inc (NASDAQ TREE) opened at $378.95 on Tuesday. Lendingtree Inc has a one year low of $111.88 and a one year high of $404.40. The firm has a market cap of $4,540.00, a P/E ratio of 149.78, a P/E/G ratio of 2.05 and a beta of 1.62. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78.

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Lendingtree Company Profile

LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.

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Institutional Ownership by Quarter for Lendingtree (NASDAQ:TREE)

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