Nebula Research & Development LLC Buys 34,159 Shares of LendingTree, Inc. (NASDAQ:TREE)

Nebula Research & Development LLC grew its position in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 158.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 55,690 shares of the financial services provider's stock after purchasing an additional 34,159 shares during the period. Nebula Research & Development LLC owned about 0.42% of LendingTree worth $2,158,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. New Age Alpha Advisors LLC bought a new position in shares of LendingTree in the fourth quarter valued at about $36,000. Tower Research Capital LLC TRC raised its holdings in shares of LendingTree by 248.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock valued at $46,000 after buying an additional 848 shares during the last quarter. Wealthfront Advisers LLC bought a new position in shares of LendingTree in the fourth quarter valued at about $54,000. CANADA LIFE ASSURANCE Co bought a new stake in LendingTree during the 4th quarter worth about $56,000. Finally, KLP Kapitalforvaltning AS bought a new stake in LendingTree during the 4th quarter worth about $70,000. Institutional investors and hedge funds own 68.26% of the company's stock.

Analysts Set New Price Targets

TREE has been the subject of several recent research reports. Northland Securities raised LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price objective for the company in a report on Tuesday, January 21st. Stephens reaffirmed an "overweight" rating and issued a $69.00 price target on shares of LendingTree in a research note on Thursday, March 6th. Keefe, Bruyette & Woods cut their price target on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock 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 report on Tuesday, January 21st. Finally, Needham & Company LLC cut their target price on shares of LendingTree from $78.00 to $65.00 and set a "buy" rating on the stock in a report on Thursday, March 6th. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, LendingTree presently has an average rating of "Buy" and a consensus target price of $65.75.

Insider Activity at LendingTree

In related news, COO Scott Peyree acquired 21,045 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $41.69 per share, with a total value of $877,366.05. Following the transaction, the chief operating officer now owns 76,760 shares of the company's stock, valued at $3,200,124.40. The trade was a 37.77 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.40% of the stock is currently owned by insiders.

LendingTree Trading Down 3.3 %

Shares of NASDAQ TREE traded down $1.77 during midday trading on Wednesday, reaching $51.25. 99,464 shares of the stock were exchanged, compared to its average volume of 241,756. The business has a 50-day simple moving average of $46.37 and a two-hundred day simple moving average of $45.44. The company has a market capitalization of $686.44 million, a price-to-earnings ratio of -18.98 and a beta of 1.90. LendingTree, Inc. has a 12 month low of $34.55 and a 12 month high of $62.49. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92.

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.