Algert Global LLC acquired a new stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,384 shares of the financial services provider's stock, valued at approximately $441,000. Algert Global LLC owned about 0.09% of LendingTree as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC purchased a new position in shares of LendingTree during the 4th quarter valued at about $36,000. Tower Research Capital LLC TRC increased its stake in shares of LendingTree by 248.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 848 shares in the last quarter. Wealthfront Advisers LLC purchased a new position in shares of LendingTree in the 4th quarter valued at about $54,000. CANADA LIFE ASSURANCE Co purchased a new position in shares of LendingTree in the 4th quarter valued at about $56,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of LendingTree in the 4th quarter valued at about $70,000. Hedge funds and other institutional investors own 68.26% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. Northland Capmk upgraded LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Stephens restated an "overweight" rating and issued a $69.00 price target on shares of LendingTree in a research note on Thursday, March 6th. Keefe, Bruyette & Woods cut their price target on LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, Truist Financial cut their price target on LendingTree from $72.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $64.13.
View Our Latest Stock Report on LendingTree
Insider Transactions at LendingTree
In related news, COO Scott Peyree bought 21,045 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $41.69 per share, for a total transaction of $877,366.05. Following the acquisition, the chief operating officer now directly owns 76,760 shares in the company, valued at approximately $3,200,124.40. This trade represents a 37.77% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 23.10% of the company's stock.
LendingTree Trading Down 0.6%
TREE stock opened at $38.74 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree, Inc. has a 12-month low of $34.55 and a 12-month high of $62.49. The stock has a market cap of $524.35 million, a price-to-earnings ratio of -14.35 and a beta of 1.76. The business's 50-day moving average is $46.80 and its 200 day moving average is $44.49.
LendingTree (NASDAQ:TREE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.25. LendingTree had a positive return on equity of 0.51% and a negative net margin of 4.72%. The company had revenue of $239.70 million for the quarter, compared to analysts' expectations of $244.93 million. LendingTree's revenue was up 42.8% on a year-over-year basis. On average, sell-side analysts anticipate that LendingTree, Inc. will post 0.48 EPS for the current fiscal year.
About LendingTree
(
Free Report)
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.
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