Heather Enlow-Novitsky Sells 564 Shares of LendingTree, Inc. (NASDAQ:TREE) Stock

LendingTree, Inc. (NASDAQ:TREE) General Counsel Heather Enlow-Novitsky sold 564 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

LendingTree Trading Down 7.8 %

NASDAQ TREE opened at $49.82 on Thursday. LendingTree, Inc. has a one year low of $14.95 and a one year 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 business has a 50 day simple moving average of $55.09 and a 200 day simple moving average of $49.93. The stock has a market capitalization of $665.69 million, a P/E ratio of -18.45 and a beta of 2.11.

Institutional Investors Weigh In On LendingTree

Several hedge funds and other institutional investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. boosted its stake in LendingTree by 5.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider’s stock valued at $1,435,000 after purchasing an additional 1,605 shares during the last quarter. Empowered Funds LLC boosted its position in shares of LendingTree by 7.9% during the first quarter. Empowered Funds LLC now owns 31,136 shares of the financial services provider’s stock valued at $1,318,000 after buying an additional 2,275 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its holdings in LendingTree by 185.2% during the first quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock worth $840,000 after buying an additional 12,889 shares in the last quarter. Headlands Technologies LLC raised its position in LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after buying an additional 270 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System purchased a new stake in LendingTree in the 1st quarter valued at $339,000. Institutional investors own 68.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on TREE shares. Susquehanna increased their price objective on shares of LendingTree from $50.00 to $58.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Keefe, Bruyette & Woods lifted their price objective on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Needham & Company LLC boosted their price objective on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, November 1st. StockNews.com raised LendingTree from a “hold” rating to a “buy” rating in a report on Sunday. Finally, Oppenheimer lifted their price target on LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

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.