Man Group plc Acquires Shares of 8,364 LendingTree, Inc. (NASDAQ:TREE)

Man Group plc acquired a new stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,364 shares of the financial services provider's stock, valued at approximately $324,000. Man Group plc owned 0.06% of LendingTree at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Nuveen Asset Management LLC raised its position in LendingTree by 0.9% during the fourth quarter. Nuveen Asset Management LLC now owns 75,564 shares of the financial services provider's stock valued at $2,928,000 after purchasing an additional 689 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of LendingTree by 248.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock worth $46,000 after acquiring an additional 848 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of LendingTree during the 4th quarter worth approximately $36,000. Meeder Asset Management Inc. lifted its stake in shares of LendingTree by 30.0% during the 4th quarter. Meeder Asset Management Inc. now owns 4,351 shares of the financial services provider's stock worth $169,000 after acquiring an additional 1,004 shares during the last quarter. Finally, Asset Management One Co. Ltd. lifted its stake in shares of LendingTree by 101.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider's stock worth $80,000 after acquiring an additional 1,021 shares during the last quarter. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

TREE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. Needham & Company LLC decreased their price target on LendingTree from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Stephens reissued an "overweight" rating and set a $69.00 price target on shares of LendingTree in a research note on Thursday, March 6th. Truist Financial decreased their target price on LendingTree from $72.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, Keefe, Bruyette & Woods decreased their target price on LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $64.13.

LendingTree Stock Down 0.9%

Shares of NASDAQ:TREE traded down $0.33 on Friday, reaching $35.26. The company had a trading volume of 267,031 shares, compared to its average volume of 320,706. LendingTree, Inc. has a 52-week low of $34.01 and a 52-week high of $62.49. The firm's 50 day simple moving average is $43.74 and its 200-day simple moving average is $43.25. The firm has a market capitalization of $477.24 million, a PE ratio of -13.05 and a beta of 1.76. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67.

LendingTree (NASDAQ:TREE - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $239.70 million for the quarter, compared to the consensus estimate of $244.93 million. LendingTree's quarterly revenue was up 42.8% compared to the same quarter last year. As a group, analysts expect that LendingTree, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Scott Peyree acquired 9,794 shares of the firm's stock in a transaction dated 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 directly owns 97,566 shares in the company, valued at $4,500,719.58. This represents a 11.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Heather Enlow-Novitsky sold 1,250 shares of the business's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $36.24, for a total value of $45,300.00. Following the completion of the transaction, the general counsel now directly owns 2,028 shares of the company's stock, valued at approximately $73,494.72. This trade represents a 38.13% decrease in their position. The disclosure for this sale can be found here. 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.