Moody National Bank Trust Division Raises Holdings in LendingTree, Inc. $TREE

Moody National Bank Trust Division increased its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 311.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,823 shares of the financial services provider’s stock after purchasing an additional 21,823 shares during the period. Moody National Bank Trust Division owned 0.21% of LendingTree worth $1,277,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jennison Associates LLC acquired a new stake in LendingTree during the 4th quarter valued at $31,120,000. Ameriprise Financial Inc. raised its holdings in shares of LendingTree by 1,747.8% in the second quarter. Ameriprise Financial Inc. now owns 546,536 shares of the financial services provider’s stock worth $20,260,000 after acquiring an additional 516,958 shares during the last quarter. Mariner LLC lifted its position in shares of LendingTree by 31.5% in the fourth quarter. Mariner LLC now owns 1,760,407 shares of the financial services provider’s stock valued at $93,461,000 after acquiring an additional 421,826 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of LendingTree by 1,163.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 263,835 shares of the financial services provider’s stock valued at $17,078,000 after acquiring an additional 242,947 shares in the last quarter. Finally, Blue Grotto Capital LLC boosted its stake in shares of LendingTree by 64.3% during the fourth quarter. Blue Grotto Capital LLC now owns 584,931 shares of the financial services provider’s stock valued at $31,054,000 after acquiring an additional 228,858 shares during the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.

LendingTree Stock Performance

LendingTree stock opened at $33.81 on Thursday. The stock has a fifty day moving average price of $39.88 and a 200 day moving average price of $42.74. LendingTree, Inc. has a 52 week low of $29.77 and a 52 week high of $77.35. The firm has a market capitalization of $474.69 million, a P/E ratio of 2.62 and a beta of 2.04. The company has a current ratio of 1.85, a quick ratio of 1.89 and a debt-to-equity ratio of 1.20.

Analysts Set New Price Targets

TREE has been the subject of a number of recent research reports. Wall Street Zen cut LendingTree from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 20th. Northland Securities set a $60.00 target price on shares of LendingTree in a report on Thursday, July 30th. Needham & Company LLC decreased their price target on shares of 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 lowered their price target on shares of LendingTree from $78.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, July 30th. Finally, Zacks Research lowered shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $61.33.

LendingTree Profile

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.