Barclays PLC Has $2.48 Million Stock Position in LendingTree, Inc. (NASDAQ:TREE)

Barclays PLC boosted its position in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 199.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,056 shares of the financial services provider's stock after buying an additional 42,647 shares during the quarter. Barclays PLC owned 0.48% of LendingTree worth $2,482,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of TREE. Emerald Advisers LLC boosted its position in shares of LendingTree by 1.4% during the 4th quarter. Emerald Advisers LLC now owns 361,220 shares of the financial services provider's stock valued at $13,997,000 after purchasing an additional 4,831 shares in the last quarter. Blue Grotto Capital LLC boosted its holdings in LendingTree by 4.1% during the fourth quarter. Blue Grotto Capital LLC now owns 301,784 shares of the financial services provider's stock worth $11,694,000 after buying an additional 11,784 shares in the last quarter. Hennessy Advisors Inc. grew its position in LendingTree by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider's stock worth $9,393,000 after buying an additional 15,400 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of LendingTree by 4.4% in the fourth quarter. Federated Hermes Inc. now owns 166,672 shares of the financial services provider's stock valued at $6,459,000 after buying an additional 7,095 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of LendingTree by 6.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 93,483 shares of the financial services provider's stock valued at $3,622,000 after acquiring an additional 5,277 shares during the last quarter. 68.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on TREE. JPMorgan Chase & Co. boosted their target price on LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. StockNews.com downgraded LendingTree from a "strong-buy" rating to a "buy" rating in a report on Saturday. Northland Securities upgraded shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 target price for the company in a report on Tuesday, January 21st. Northland Capmk upgraded shares of LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Finally, Stephens reaffirmed an "overweight" rating and issued a $69.00 price objective on shares of LendingTree in a research note on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $65.38.

LendingTree Stock Down 20.1 %

LendingTree stock traded down $10.90 during trading hours on Friday, hitting $43.22. The company had a trading volume of 3,258,383 shares, compared to its average volume of 249,567. The firm's fifty day moving average is $46.90 and its 200-day moving average is $45.32. The firm has a market capitalization of $584.98 million, a P/E ratio of -16.01 and a beta of 1.76. LendingTree, Inc. has a fifty-two week low of $34.55 and a fifty-two week 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.

LendingTree (NASDAQ:TREE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.25. LendingTree had a positive return on equity of 0.51% and a negative net margin of 4.72%. The firm had revenue of $239.70 million during the quarter, compared to analysts' expectations of $244.93 million. The business's revenue was up 42.8% on a year-over-year basis. On average, research analysts forecast that LendingTree, Inc. will post 0.48 earnings per share for the current year.

Insider Activity at LendingTree

In related news, COO Scott Peyree acquired 21,045 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $41.69 per share, with a total value of $877,366.05. Following the acquisition, the chief operating officer now owns 76,760 shares in the company, valued at approximately $3,200,124.40. The trade was a 37.77 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.40% of the stock is owned by company insiders.

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.