LendingTree, Inc. (NASDAQ:TREE) Shares Purchased by Jump Financial LLC

Jump Financial LLC lifted its position in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 301.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,001 shares of the financial services provider's stock after purchasing an additional 15,017 shares during the period. Jump Financial LLC owned about 0.15% of LendingTree worth $775,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its position in shares of LendingTree by 199.2% in the fourth quarter. Barclays PLC now owns 64,056 shares of the financial services provider's stock valued at $2,482,000 after purchasing an additional 42,647 shares during the period. Trexquant Investment LP grew its position in shares of LendingTree by 97.0% in the fourth quarter. Trexquant Investment LP now owns 81,308 shares of the financial services provider's stock valued at $3,151,000 after purchasing an additional 40,038 shares during the period. Victory Capital Management Inc. grew its position in shares of LendingTree by 74.6% in the fourth quarter. Victory Capital Management Inc. now owns 84,180 shares of the financial services provider's stock valued at $3,262,000 after purchasing an additional 35,970 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of LendingTree by 199.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,035 shares of the financial services provider's stock valued at $1,939,000 after purchasing an additional 33,309 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in shares of LendingTree in the fourth quarter valued at about $1,254,000. 68.26% of the stock is owned by hedge funds and other institutional investors.

LendingTree Trading Up 1.1 %

TREE stock traded up $0.57 during trading on Monday, reaching $52.11. 318,378 shares of the stock were exchanged, compared to its average volume of 242,200. The business has a 50 day moving average price of $46.17 and a 200-day moving average price of $45.38. The firm has a market capitalization of $697.96 million, a price-to-earnings ratio of -19.30 and a beta of 1.90. 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.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TREE. Stephens reiterated an "overweight" rating and issued a $69.00 target price on shares of LendingTree in a research report on Thursday, March 6th. Keefe, Bruyette & Woods decreased their price target on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. JPMorgan Chase & Co. raised 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. Northland Capmk raised shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC decreased their price target on shares of LendingTree from $78.00 to $65.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. One investment analyst has rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $65.75.

Insider Activity

In related news, COO Scott Peyree purchased 9,794 shares of LendingTree stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $46.13 per share, with a total value of $451,797.22. Following the purchase, the chief operating officer now owns 97,566 shares of the company's stock, valued at approximately $4,500,719.58. The trade was a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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.