Quantinno Capital Management LP Acquires 21,387 Shares of LendingTree, Inc. $TREE

Quantinno Capital Management LP lifted its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 350.8% during the first quarter, HoldingsChannel reports. The firm owned 27,483 shares of the financial services provider’s stock after purchasing an additional 21,387 shares during the quarter. Quantinno Capital Management LP’s holdings in LendingTree were worth $1,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in TREE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 valued at $886,000 after acquiring an additional 301 shares during the last quarter. Financial Management Professionals Inc. purchased a new stake in shares of LendingTree during the 4th quarter worth approximately $25,000. Swiss National Bank raised its holdings in shares of LendingTree by 2.2% in 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 period. Fifth Third Bancorp bought a new stake in shares of LendingTree in the 4th quarter worth approximately $32,000. Finally, Price T Rowe Associates Inc. MD lifted its stake in LendingTree by 5.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 11,398 shares of the financial services provider’s stock valued at $606,000 after purchasing an additional 612 shares during the last quarter. 68.26% of the stock is owned by hedge funds and other institutional investors.

LendingTree Trading Down 0.9%

Shares of TREE stock opened at $32.59 on Friday. The company has a market capitalization of $457.56 million, a PE ratio of 2.53 and a beta of 2.04. LendingTree, Inc. has a 52-week low of $29.77 and a 52-week high of $77.35. The business’s fifty day moving average is $39.12 and its 200 day moving average is $41.23. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.85 and a current ratio of 1.85.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Wall Street Zen cut LendingTree from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Northland Securities set a $60.00 price objective on LendingTree in a report on Thursday, July 30th. Needham & Company LLC lowered 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. Keefe, Bruyette & Woods dropped their price objective on shares of LendingTree from $70.00 to $58.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of LendingTree in a report on Wednesday, June 24th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently 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.