Mirae Asset Global Investments Co. Ltd. Sells 1,954 Shares of LendingTree, Inc. (NASDAQ:TREE)

Mirae Asset Global Investments Co. Ltd. cut its holdings in shares of LendingTree, Inc. (NASDAQ:TREEGet Rating) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,363 shares of the financial services provider’s stock after selling 1,954 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in LendingTree were worth $6,386,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TREE. Dimensional Fund Advisors LP lifted its stake in LendingTree by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 148,859 shares of the financial services provider’s stock worth $18,250,000 after purchasing an additional 1,159 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in LendingTree by 22.8% during the fourth quarter. Teacher Retirement System of Texas now owns 2,328 shares of the financial services provider’s stock worth $285,000 after purchasing an additional 432 shares during the last quarter. Renaissance Technologies LLC lifted its stake in LendingTree by 121.4% during the fourth quarter. Renaissance Technologies LLC now owns 119,800 shares of the financial services provider’s stock worth $14,687,000 after purchasing an additional 65,700 shares during the last quarter. Invesco Ltd. lifted its stake in LendingTree by 1.8% during the fourth quarter. Invesco Ltd. now owns 187,258 shares of the financial services provider’s stock worth $22,958,000 after purchasing an additional 3,303 shares during the last quarter. Finally, Public Sector Pension Investment Board bought a new stake in LendingTree during the fourth quarter worth $2,864,000. 80.41% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TREE shares. William Blair reiterated an “outperform” rating on shares of LendingTree in a report on Friday, June 3rd. Truist Financial lowered their price target on shares of LendingTree from $185.00 to $130.00 and set a “buy” rating for the company in a report on Friday, June 24th. Finally, Needham & Company LLC lowered their price target on shares of LendingTree from $62.00 to $54.00 and set a “buy” rating for the company in a report on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $148.50.

Insider Activity at LendingTree

In related news, Director Mark A. Ernst acquired 8,038 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The stock was acquired at an average cost of $34.93 per share, for a total transaction of $280,767.34. Following the completion of the acquisition, the director now directly owns 18,038 shares of the company’s stock, valued at approximately $630,067.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 17.90% of the stock is currently owned by company insiders.

LendingTree Stock Performance

NASDAQ TREE opened at $28.69 on Thursday. The company has a market capitalization of $366.26 million, a price-to-earnings ratio of 16.68 and a beta of 1.74. LendingTree, Inc. has a twelve month low of $28.64 and a twelve month high of $164.69. The stock has a fifty day simple moving average of $39.64 and a 200 day simple moving average of $65.56. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 2.32.

LendingTree Company Profile

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LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, 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, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.

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Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

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