Jacobs Levy Equity Management Inc. Trims Stock Position in LendingTree, Inc. (NASDAQ:TREE)

Jacobs Levy Equity Management Inc. trimmed its position in shares of LendingTree, Inc. (NASDAQ:TREE) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 345,712 shares of the financial services provider’s stock after selling 21,304 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in LendingTree were worth $20,062,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its stake in shares of LendingTree by 697.5% during the first quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock valued at $535,000 after buying an additional 11,049 shares during the period. Lisanti Capital Growth LLC acquired a new stake in LendingTree during the 3rd quarter valued at $3,651,000. Emerald Mutual Fund Advisers Trust grew its holdings in LendingTree by 9.3% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after acquiring an additional 23,995 shares in the last quarter. GSA Capital Partners LLP acquired a new position in LendingTree during the 3rd quarter worth $1,612,000. Finally, ClariVest Asset Management LLC bought a new position in shares of LendingTree in the 2nd quarter worth about $1,360,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Trading Down 3.3 %

Shares of TREE stock opened at $38.57 on Thursday. LendingTree, Inc. has a 12-month low of $19.15 and a 12-month high of $62.49. The company has a market capitalization of $515.37 million, a P/E ratio of -14.29 and a beta of 2.03. The firm has a 50-day moving average price of $51.29 and a 200 day moving average price of $49.54. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67.

Insider Buying and Selling at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 564 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $52.54, for a total transaction of $29,632.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.40% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on TREE shares. Oppenheimer lifted their price objective on shares of LendingTree from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Truist Financial increased their price target on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Needham & Company LLC increased their price target on shares of LendingTree from $67.00 to $78.00 and gave the company a “buy” rating in a report on Friday, November 1st. Keefe, Bruyette & Woods increased their price target on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Susquehanna increased their price target on shares of LendingTree from $50.00 to $58.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Three equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.00.

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.