LendingTree, Inc. (NASDAQ:TREE) Stock Holdings Lessened by Emerald Mutual Fund Advisers Trust

Emerald Mutual Fund Advisers Trust lowered its holdings in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 11.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 240,498 shares of the financial services provider's stock after selling 30,775 shares during the period. Emerald Mutual Fund Advisers Trust owned approximately 1.80% of LendingTree worth $9,319,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Emerald Advisers LLC raised its stake in 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 acquiring an additional 4,831 shares in the last quarter. Blue Grotto Capital LLC increased its position in shares of LendingTree by 4.1% during 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 increased its position in shares of LendingTree by 1.0% during the 3rd 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 during the period. Hennessy Advisors Inc. increased its position in shares of LendingTree by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider's stock valued at $9,393,000 after purchasing an additional 15,400 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of LendingTree by 15.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 204,896 shares of the financial services provider's stock valued at $7,940,000 after purchasing an additional 27,887 shares during the period. Institutional investors own 68.26% of the company's stock.

LendingTree Price Performance

Shares of NASDAQ TREE traded up $2.53 during mid-day trading on Thursday, reaching $54.12. The company had a trading volume of 563,553 shares, compared to its average volume of 238,125. LendingTree, Inc. has a 1-year low of $34.55 and a 1-year high of $62.49. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a market cap of $724.88 million, a PE ratio of -20.04 and a beta of 1.90. The company has a 50-day moving average price of $46.57 and a two-hundred day moving average price of $45.48.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TREE. JPMorgan Chase & Co. lifted their price target on LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Needham & Company LLC lowered their price target on LendingTree from $78.00 to $65.00 and set a "buy" rating on the stock in a research report on Thursday, March 6th. Keefe, Bruyette & Woods lowered their price target on LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. StockNews.com upgraded LendingTree from a "buy" rating to a "strong-buy" rating in a research report on Friday, April 25th. Finally, Northland Securities upgraded 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. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of $65.75.

Insider Buying and Selling

In other LendingTree news, COO Scott Peyree bought 9,794 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were bought at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the acquisition, the chief operating officer now directly owns 97,566 shares of the company's stock, valued at approximately $4,500,719.58. This trade represents a 11.16 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 23.40% of the company's stock.

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.