Mariner LLC Cuts Stock Holdings in LendingTree, Inc. (NASDAQ:TREE)

Mariner LLC cut its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 11.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,450,345 shares of the financial services provider’s stock after selling 189,721 shares during the period. Mariner LLC owned 10.86% of LendingTree worth $56,201,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. National Bank of Canada FI purchased a new stake in LendingTree during the third quarter valued at about $32,000. New Age Alpha Advisors LLC purchased a new stake in shares of LendingTree during the 4th quarter worth about $36,000. Wealthfront Advisers LLC acquired a new stake in LendingTree during the 4th quarter worth approximately $54,000. KLP Kapitalforvaltning AS purchased a new position in LendingTree in the fourth quarter valued at approximately $70,000. Finally, Asset Management One Co. Ltd. lifted its position in LendingTree by 101.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock valued at $80,000 after buying an additional 1,021 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other LendingTree news, COO Scott Peyree acquired 21,045 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price 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 in the company, valued at $3,200,124.40. This trade represents a 37.77 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 23.40% of the company’s stock.

LendingTree Trading Up 4.9 %

TREE opened at $43.01 on Tuesday. LendingTree, Inc. has a 12-month low of $33.58 and a 12-month high of $62.49. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $576.08 million, a PE ratio of -15.93 and a beta of 1.90. The firm’s fifty day moving average price is $45.95 and its 200 day moving average price is $46.07.

Analysts Set New Price Targets

Several research firms have recently issued reports on TREE. StockNews.com lowered shares of LendingTree from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 8th. Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $60.00 target price for the company in a research note on Tuesday, January 21st. JPMorgan Chase & Co. boosted their price target on LendingTree from $65.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Northland Capmk raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 21st. Finally, Stephens reissued an “overweight” rating and set a $69.00 target price on shares of LendingTree in a research report on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, LendingTree has an average rating of “Buy” and a consensus price target of $65.75.

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.