Keybank National Association OH raised its holdings in shares of Lendingtree Inc (NASDAQ:TREE) by 134.5% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,794 shares of the financial services provider’s stock after purchasing an additional 2,750 shares during the quarter. Keybank National Association OH’s holdings in Lendingtree were worth $1,632,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Swiss National Bank grew its stake in Lendingtree by 3.1% during the 4th quarter. Swiss National Bank now owns 13,150 shares of the financial services provider’s stock valued at $4,477,000 after purchasing an additional 400 shares in the last quarter. California Public Employees Retirement System grew its position in shares of Lendingtree by 2.7% in the 4th quarter. California Public Employees Retirement System now owns 21,804 shares of the financial services provider’s stock worth $7,423,000 after acquiring an additional 565 shares in the last quarter. Shelton Capital Management acquired a new position in shares of Lendingtree in the 4th quarter worth approximately $244,000. Teacher Retirement System of Texas acquired a new position in shares of Lendingtree in the 4th quarter worth approximately $898,000. Finally, Public Employees Retirement Association of Colorado acquired a new position in shares of Lendingtree in the 4th quarter worth approximately $153,000. Hedge funds and other institutional investors own 74.60% of the company’s stock.
In related news, insider Nikul Patel sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the completion of the transaction, the insider now owns 4,953 shares in the company, valued at approximately $1,485,900. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Gabriel Dalporto sold 46,876 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $340.07, for a total value of $15,941,121.32. Following the transaction, the director now owns 47,513 shares of the company’s stock, valued at approximately $16,157,745.91. The disclosure for this sale can be found here. Insiders have sold a total of 119,676 shares of company stock valued at $39,311,897 in the last 90 days. Insiders own 21.90% of the company’s stock.
Lendingtree Inc (NASDAQ:TREE) opened at $378.95 on Tuesday. Lendingtree Inc has a 12-month low of $111.88 and a 12-month high of $404.40. The stock has a market capitalization of $4,540.00, a P/E ratio of 149.78, a P/E/G ratio of 2.05 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.86 and a current ratio of 3.86.
LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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