LendingTree, Inc. $TREE Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lessened its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 63.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 18,495 shares of the financial services provider’s stock after selling 32,538 shares during the period. GSA Capital Partners LLP owned 0.14% of LendingTree worth $1,197,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Nordea Investment Management AB bought a new position in shares of LendingTree in the second quarter worth $882,000. Blue Grotto Capital LLC lifted its holdings in LendingTree by 27.3% in the second quarter. Blue Grotto Capital LLC now owns 382,610 shares of the financial services provider’s stock worth $14,183,000 after purchasing an additional 82,131 shares during the period. Range Financial Group LLC bought a new position in LendingTree in the 3rd quarter valued at about $1,408,000. Geode Capital Management LLC increased its stake in LendingTree by 7.3% during the 2nd quarter. Geode Capital Management LLC now owns 267,264 shares of the financial services provider’s stock valued at $9,909,000 after buying an additional 18,207 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of LendingTree during the 2nd quarter worth about $3,254,000. Institutional investors own 68.26% of the company’s stock.

LendingTree Trading Up 1.8%

NASDAQ:TREE opened at $39.28 on Thursday. The stock has a market cap of $536.96 million, a PE ratio of 38.89 and a beta of 2.13. LendingTree, Inc. has a fifty-two week low of $33.50 and a fifty-two week high of $77.35. The company has a debt-to-equity ratio of 2.93, a current ratio of 1.43 and a quick ratio of 1.43. The stock’s 50-day moving average is $53.86 and its two-hundred day moving average is $58.71.

Analyst Upgrades and Downgrades

TREE has been the topic of a number of research analyst reports. Zacks Research lowered shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 30th. Oppenheimer set a $85.00 price objective on LendingTree and gave the stock an “outperform” rating in a research note on Friday, October 31st. Truist Financial raised their target price on LendingTree from $62.00 to $72.00 and gave the company a “buy” rating in a research note on Monday, November 3rd. Needham & Company LLC lifted their target price on LendingTree from $70.00 to $85.00 and gave the stock a “buy” rating in a report on Thursday, October 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of LendingTree from $66.00 to $83.00 and gave the company an “overweight” rating in a report on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, LendingTree has an average rating of “Moderate Buy” and a consensus target price of $76.67.

LendingTree Profile

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.