Hennessy Advisors Inc. Purchases 15,400 Shares of LendingTree, Inc. (NASDAQ:TREE)

Hennessy Advisors Inc. increased its position in LendingTree, Inc. (NASDAQ:TREE) by 6.8% during the fourth quarter, Holdings Channel reports. The firm owned 242,400 shares of the financial services provider’s stock after buying an additional 15,400 shares during the quarter. Hennessy Advisors Inc.’s holdings in LendingTree were worth $9,393,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Point72 DIFC Ltd grew its stake in LendingTree by 77.0% in the 3rd quarter. Point72 DIFC Ltd now owns 1,147 shares of the financial services provider’s stock valued at $67,000 after buying an additional 499 shares during the last quarter. National Bank of Canada FI acquired a new position in LendingTree in the 3rd quarter valued at about $32,000. nVerses Capital LLC grew its stake in LendingTree by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the financial services provider’s stock valued at $70,000 after buying an additional 800 shares during the last quarter. CWM LLC grew its stake in LendingTree by 262.1% in the 3rd quarter. CWM LLC now owns 2,180 shares of the financial services provider’s stock valued at $127,000 after buying an additional 1,578 shares during the last quarter. Finally, Empowered Funds LLC grew its stake in LendingTree by 5.2% in the 3rd quarter. Empowered Funds LLC now owns 35,218 shares of the financial services provider’s stock valued at $2,044,000 after buying an additional 1,742 shares during the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods upped their price target on shares of LendingTree from $71.00 to $73.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Oppenheimer increased their target price on shares of LendingTree from $65.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. StockNews.com lowered shares of LendingTree from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. Truist Financial increased their target price on shares of LendingTree from $60.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Needham & Company LLC increased their target price on shares of LendingTree from $67.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, LendingTree currently has an average rating of “Moderate Buy” and an average target price of $64.00.

LendingTree Trading Up 4.6 %

Shares of LendingTree stock opened at $40.29 on Friday. LendingTree, Inc. has a fifty-two week low of $24.55 and a fifty-two week high of $62.49. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The company’s 50 day moving average price is $41.44 and its two-hundred day moving average price is $48.75.

Insider Buying and Selling at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 564 shares of LendingTree stock in a transaction 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 document filed with the SEC, which is accessible through the SEC website. Also, CTO Scott V. Totman purchased 3,750 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were acquired at an average price of $38.59 per share, for a total transaction of $144,712.50. Following the acquisition, the chief technology officer now owns 18,192 shares of the company’s stock, valued at $702,029.28. This trade represents a 25.97 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 23.40% of the company’s stock.

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.