Counterpoint Mutual Funds LLC Raises Holdings in LendingTree, Inc. (NASDAQ:TREE)

Counterpoint Mutual Funds LLC lifted its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 80.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,772 shares of the financial services provider’s stock after purchasing an additional 3,923 shares during the period. Counterpoint Mutual Funds LLC’s holdings in LendingTree were worth $340,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of TREE. National Bank of Canada FI purchased a new position in LendingTree in the 3rd quarter valued at approximately $32,000. Wealthfront Advisers LLC purchased a new position in LendingTree in the 4th quarter valued at approximately $54,000. Point72 DIFC Ltd increased its stake in LendingTree by 77.0% in the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 499 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in LendingTree by 101.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 1,021 shares in the last quarter. Finally, New York State Common Retirement Fund increased its stake in LendingTree by 75.0% in the 4th quarter. New York State Common Retirement Fund now owns 4,707 shares of the financial services provider’s stock valued at $182,000 after purchasing an additional 2,017 shares in the last quarter. 68.26% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at LendingTree

In other LendingTree news, COO Scott Peyree acquired 21,045 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $41.69 per share, for a total transaction of $877,366.05. Following the completion of the acquisition, the chief operating officer now directly owns 76,760 shares of the company’s stock, valued at $3,200,124.40. This trade represents a 37.77 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 23.40% of the company’s stock.

LendingTree Price Performance

TREE stock opened at $50.63 on Tuesday. LendingTree, Inc. has a 52-week low of $33.58 and a 52-week high of $62.49. The stock’s fifty day simple moving average is $43.20 and its 200-day simple moving average is $47.21. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $678.14 million, a price-to-earnings ratio of -18.75 and a beta of 2.14.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on TREE. Northland Securities raised LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price objective for the company in a research note on Tuesday, January 21st. Needham & Company LLC dropped their price objective on LendingTree from $78.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. increased their target price on LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. Stephens reiterated an “overweight” rating and set a $69.00 target price on shares of LendingTree in a report on Thursday, March 6th. Finally, StockNews.com upgraded LendingTree from a “buy” rating to a “strong-buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $65.75.

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.