Emerald Advisers LLC Buys 4,831 Shares of LendingTree, Inc. (NASDAQ:TREE)

Emerald Advisers LLC grew its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 1.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 361,220 shares of the financial services provider’s stock after purchasing an additional 4,831 shares during the period. Emerald Advisers LLC owned approximately 2.70% of LendingTree worth $13,997,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. National Bank of Canada FI bought a new stake in shares of LendingTree during the 3rd quarter valued at about $32,000. Wealthfront Advisers LLC bought a new stake in shares of LendingTree during the 4th quarter valued at about $54,000. Point72 DIFC Ltd boosted its stake in shares of LendingTree by 77.0% during 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. KLP Kapitalforvaltning AS bought a new stake in shares of LendingTree during the 4th quarter valued at about $70,000. Finally, Asset Management One Co. Ltd. boosted its stake in shares of LendingTree by 101.5% during 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. Institutional investors own 68.26% of the company’s stock.

LendingTree Stock Up 0.6 %

Shares of LendingTree stock opened at $51.68 on Friday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $692.20 million, a PE ratio of -19.14 and a beta of 2.14. LendingTree, Inc. has a 52-week low of $33.58 and a 52-week high of $62.49. The company has a 50-day simple moving average of $44.15 and a two-hundred day simple moving average of $47.09.

Insiders Place Their Bets

In related news, COO Scott Peyree acquired 21,045 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was purchased at an average cost of $41.69 per share, with a total value 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 approximately $3,200,124.40. This trade represents a 37.77 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 23.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on TREE. Stephens reissued an “overweight” rating and set a $69.00 price target on shares of LendingTree in a research report on Thursday, March 6th. JPMorgan Chase & Co. lifted their price target on shares of LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, March 6th. StockNews.com raised shares of LendingTree from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, March 18th. Northland Securities raised shares of LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 price target for the company in a research report on Tuesday, January 21st. Finally, Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, LendingTree presently has a consensus rating of “Buy” and an average target price of $65.75.

LendingTree 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.