Connor Clark & Lunn Investment Management Ltd. Has $1.94 Million Stock Position in LendingTree, Inc. (NASDAQ:TREE)

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 199.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,035 shares of the financial services provider’s stock after buying an additional 33,309 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.37% of LendingTree worth $1,939,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new stake in shares of LendingTree during the fourth quarter worth about $54,000. Intellectus Partners LLC increased its stake in LendingTree by 33.9% during the 4th quarter. Intellectus Partners LLC now owns 25,950 shares of the financial services provider’s stock worth $1,006,000 after purchasing an additional 6,575 shares in the last quarter. Raymond James Financial Inc. bought a new stake in LendingTree during the 4th quarter worth approximately $1,254,000. Proficio Capital Partners LLC acquired a new stake in LendingTree during the 4th quarter worth approximately $899,000. Finally, Victory Capital Management Inc. lifted its stake in LendingTree by 74.6% in the fourth quarter. Victory Capital Management Inc. now owns 84,180 shares of the financial services provider’s stock valued at $3,262,000 after buying an additional 35,970 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. Stephens restated an “overweight” rating and set a $69.00 price objective on shares of LendingTree in a report on Thursday, March 6th. JPMorgan Chase & Co. lifted their price target on LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Keefe, Bruyette & Woods reduced their price objective on LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. 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 research report on Tuesday, January 21st. Finally, StockNews.com raised LendingTree from a “buy” rating to a “strong-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $65.75.

Insider Activity at LendingTree

In other news, COO Scott Peyree purchased 9,794 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $46.13 per share, with a total value of $451,797.22. Following the completion of the transaction, the chief operating officer now owns 97,566 shares of the company’s stock, valued at $4,500,719.58. The trade was a 11.16 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 23.40% of the stock is owned by company insiders.

LendingTree Stock Down 3.8 %

TREE stock opened at $48.70 on Wednesday. The company has a market cap of $652.29 million, a price-to-earnings ratio of -18.04 and a beta of 2.14. LendingTree, Inc. has a twelve month low of $33.58 and a twelve month high of $62.49. The business has a 50 day moving average price of $43.38 and a two-hundred day moving average price of $47.14. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

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.