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

LendingTree, Inc. (NASDAQ:TREE) COO Scott Peyree purchased 9,794 shares of the stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the purchase, the chief operating officer now directly owns 97,566 shares in the company, valued at approximately $4,500,719.58. The trade was a 11.16 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

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

LendingTree Stock Performance

TREE opened at $50.63 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The company’s fifty day moving average price is $43.20 and its two-hundred day moving average price is $47.21. LendingTree, Inc. has a 1-year low of $33.58 and a 1-year high of $62.49. The company has a market cap of $678.14 million, a price-to-earnings ratio of -18.75 and a beta of 2.14.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Needham & Company LLC dropped their price objective on shares of LendingTree from $78.00 to $65.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. StockNews.com upgraded shares of LendingTree from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods dropped their target price on shares of LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. JPMorgan Chase & Co. upped their price objective on shares of LendingTree from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Finally, Northland Securities raised shares of 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 investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $65.75.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. National Bank of Canada FI acquired a new position in LendingTree during the third quarter worth $32,000. New Age Alpha Advisors LLC purchased a new stake in shares of LendingTree in the fourth quarter valued at about $36,000. Tower Research Capital LLC TRC raised its holdings in shares of LendingTree by 248.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock valued at $46,000 after purchasing an additional 848 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of LendingTree in the fourth quarter valued at about $54,000. Finally, CANADA LIFE ASSURANCE Co purchased a new stake in shares of LendingTree in the fourth quarter valued at about $56,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

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.