32,800 Shares in LendingTree, Inc. (NASDAQ:TREE) Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new position in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 32,800 shares of the financial services provider's stock, valued at approximately $1,271,000. Canada Pension Plan Investment Board owned about 0.25% of LendingTree as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TREE. Emerald Advisers LLC lifted its holdings in LendingTree by 1.4% in the fourth quarter. Emerald Advisers LLC now owns 361,220 shares of the financial services provider's stock worth $13,997,000 after buying an additional 4,831 shares during the period. Blue Grotto Capital LLC lifted its stake in shares of LendingTree by 4.1% in the 4th quarter. Blue Grotto Capital LLC now owns 301,784 shares of the financial services provider's stock valued at $11,694,000 after purchasing an additional 11,784 shares during the period. Geode Capital Management LLC boosted its position in shares of LendingTree by 1.0% during the third quarter. Geode Capital Management LLC now owns 253,208 shares of the financial services provider's stock valued at $14,697,000 after purchasing an additional 2,595 shares in the last quarter. Hennessy Advisors Inc. raised its holdings 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 purchasing an additional 15,400 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in LendingTree by 4.4% during 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 during the period. Institutional investors own 68.26% of the company's stock.

Insider Buying and Selling

In other LendingTree news, COO Scott Peyree purchased 9,794 shares of the 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 completion of the acquisition, the chief operating officer now owns 97,566 shares in the company, valued at $4,500,719.58. The trade was a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. 23.40% of the stock is currently owned by company insiders.

LendingTree Stock Down 2.7 %

Shares of NASDAQ:TREE traded down $1.43 during trading hours on Wednesday, hitting $51.59. The company's stock had a trading volume of 234,660 shares, compared to its average volume of 237,389. The firm's fifty day moving average price is $46.57 and its 200 day moving average price is $45.48. LendingTree, Inc. has a 52 week low of $34.55 and a 52 week high of $62.49. The company has a market capitalization of $691.00 million, a price-to-earnings ratio of -19.11 and a beta of 1.90. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92.

Analyst Ratings Changes

TREE has been the topic of a number of analyst reports. Northland Securities raised LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price target on the stock in a research report on Tuesday, January 21st. Northland Capmk upgraded LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. JPMorgan Chase & Co. upped their price target on shares of LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. Keefe, Bruyette & Woods reduced their price objective on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, StockNews.com upgraded shares of LendingTree from a "buy" rating to a "strong-buy" rating in a research note on Friday, April 25th. One research 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. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target 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.