Quantinno Capital Management LP Has $1.18 Million Position in LendingTree, Inc. $TREE

Quantinno Capital Management LP boosted its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 350.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,483 shares of the financial services provider’s stock after acquiring an additional 21,387 shares during the quarter. Quantinno Capital Management LP owned 0.20% of LendingTree worth $1,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of LendingTree by 1.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,899 shares of the financial services provider’s stock worth $886,000 after purchasing an additional 301 shares during the last quarter. Financial Management Professionals Inc. acquired a new stake in LendingTree in the fourth quarter valued at $25,000. Swiss National Bank raised its position in LendingTree by 2.2% during the 4th quarter. Swiss National Bank now owns 22,800 shares of the financial services provider’s stock worth $1,210,000 after purchasing an additional 500 shares during the last quarter. Fifth Third Bancorp bought a new position in LendingTree during the 4th quarter worth $32,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in LendingTree by 5.7% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 11,398 shares of the financial services provider’s stock worth $606,000 after buying an additional 612 shares during the period. 68.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TREE. Northland Securities set a $60.00 price target on LendingTree in a research note on Thursday, July 30th. Needham & Company LLC cut their price objective on LendingTree from $60.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Truist Financial reduced their target price on LendingTree from $78.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Wall Street Zen downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Zacks Research downgraded shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $61.33.

LendingTree Stock Performance

TREE stock opened at $32.59 on Friday. The firm has a market cap of $457.56 million, a PE ratio of 2.53 and a beta of 2.04. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.20. The stock has a 50-day moving average price of $39.12 and a 200-day moving average price of $41.23. LendingTree, Inc. has a 1-year low of $29.77 and a 1-year high of $77.35.

About LendingTree

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.