Boothbay Fund Management LLC Sells 8,396 Shares of LendingTree, Inc. (NASDAQ:TREE)

Boothbay Fund Management LLC reduced its position in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 18.1% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 38,109 shares of the financial services provider's stock after selling 8,396 shares during the quarter. Boothbay Fund Management LLC owned approximately 0.29% of LendingTree worth $1,477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in TREE. Susquehanna Fundamental Investments LLC bought a new position in shares of LendingTree during the fourth quarter valued at approximately $699,000. Nebula Research & Development LLC increased its position in LendingTree by 158.7% during the 4th quarter. Nebula Research & Development LLC now owns 55,690 shares of the financial services provider's stock valued at $2,158,000 after purchasing an additional 34,159 shares during the period. Hsbc Holdings PLC raised its holdings in LendingTree by 6.4% in the 4th quarter. Hsbc Holdings PLC now owns 18,104 shares of the financial services provider's stock worth $693,000 after purchasing an additional 1,081 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of LendingTree by 248.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock worth $46,000 after purchasing an additional 848 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of LendingTree by 15.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 204,896 shares of the financial services provider's stock worth $7,940,000 after purchasing an additional 27,887 shares during the period. Hedge funds and other institutional investors own 68.26% of the company's stock.

LendingTree Stock Up 4.9 %

LendingTree stock traded up $2.53 during trading hours on Thursday, hitting $54.12. The stock had a trading volume of 563,553 shares, compared to its average volume of 238,125. The stock has a market capitalization of $724.88 million, a P/E ratio of -20.04 and a beta of 1.90. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock's 50-day moving average price is $46.57 and its 200-day moving average price is $45.48. LendingTree, Inc. has a 12-month low of $34.55 and a 12-month high of $62.49.

Insider Activity at LendingTree

In other LendingTree news, COO Scott Peyree bought 9,794 shares of LendingTree stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $46.13 per share, with a total value of $451,797.22. Following the acquisition, the chief operating officer now owns 97,566 shares in the company, valued at approximately $4,500,719.58. This trade represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.40% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on TREE shares. Stephens restated an "overweight" rating and issued a $69.00 target price on shares of LendingTree in a research note on Thursday, March 6th. JPMorgan Chase & Co. raised their price objective on LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Northland Capmk upgraded shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. StockNews.com upgraded shares of LendingTree from a "buy" rating to a "strong-buy" rating in a report on Friday, April 25th. Finally, Northland Securities raised shares of 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. One investment analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $65.75.

LendingTree Company 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.