IFP Advisors Inc Grows Position in Lendingtree Inc (TREE)

IFP Advisors Inc increased its stake in Lendingtree Inc (NASDAQ:TREE) by 123,700.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,238 shares of the financial services provider’s stock after buying an additional 1,237 shares during the period. IFP Advisors Inc’s holdings in Lendingtree were worth $421,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its stake in Lendingtree by 5.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 33,435 shares of the financial services provider’s stock worth $8,174,000 after buying an additional 1,862 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Lendingtree by 7.4% in the third quarter. Ameriprise Financial Inc. now owns 140,699 shares of the financial services provider’s stock worth $34,393,000 after buying an additional 9,658 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in Lendingtree in the third quarter worth about $1,060,000. USA Financial Portformulas Corp bought a new position in shares of Lendingtree during the third quarter valued at approximately $568,000. Finally, Global X MANAGEMENT CO LLC increased its stake in shares of Lendingtree by 55.2% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,813 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 1,000 shares in the last quarter. 71.66% of the stock is owned by institutional investors.

In other news, insider Nikul Patel sold 1,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the sale, the insider now owns 4,953 shares in the company, valued at $1,485,900. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Douglas R. Lebda sold 4,000 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $350.36, for a total transaction of $1,401,440.00. Following the sale, the chief executive officer now owns 536,878 shares in the company, valued at approximately $188,100,576.08. The disclosure for this sale can be found here. In the last quarter, insiders have sold 102,414 shares of company stock worth $31,160,030. Corporate insiders own 21.90% of the company’s stock.

Shares of Lendingtree Inc (NASDAQ:TREE) opened at $350.70 on Friday. Lendingtree Inc has a fifty-two week low of $111.88 and a fifty-two week high of $404.40. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78. The company has a market cap of $4,435.64, a P/E ratio of 153.82, a PEG ratio of 2.01 and a beta of 1.63.

A number of equities analysts have weighed in on TREE shares. Northland Securities reaffirmed a “buy” rating and set a $280.00 target price on shares of Lendingtree in a research note on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 target price (up previously from $250.00) on shares of Lendingtree in a research note on Thursday, October 26th. Bank of America raised their target price on shares of Lendingtree from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. Guggenheim set a $360.00 target price on shares of Lendingtree and gave the company a “buy” rating in a research note on Thursday, December 14th. Finally, Zacks Investment Research downgraded shares of Lendingtree from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. Lendingtree currently has an average rating of “Buy” and an average target price of $288.85.

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About Lendingtree

LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.

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Institutional Ownership by Quarter for Lendingtree (NASDAQ:TREE)

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