Brevan Howard Capital Management LP Buys 6,477 Shares of LendingTree, Inc. (NASDAQ:TREE)

Brevan Howard Capital Management LP raised its stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 106.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,588 shares of the financial services provider's stock after purchasing an additional 6,477 shares during the period. Brevan Howard Capital Management LP owned 0.09% of LendingTree worth $488,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Balyasny Asset Management L.P. acquired a new position in LendingTree in the 4th quarter valued at $866,000. BNP Paribas Financial Markets lifted its position in LendingTree by 17.5% during the 4th quarter. BNP Paribas Financial Markets now owns 18,060 shares of the financial services provider's stock worth $700,000 after acquiring an additional 2,694 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in LendingTree by 5.5% during the fourth quarter. Ameriprise Financial Inc. now owns 23,400 shares of the financial services provider's stock valued at $907,000 after acquiring an additional 1,217 shares during the period. Algert Global LLC acquired a new stake in shares of LendingTree in the fourth quarter valued at about $441,000. Finally, Freestone Grove Partners LP bought a new position in shares of LendingTree in the fourth quarter worth about $410,000. Institutional investors own 68.26% of the company's stock.

LendingTree Price Performance

Shares of TREE traded up $0.60 during mid-day trading on Monday, reaching $39.30. The company had a trading volume of 505,547 shares, compared to its average volume of 261,124. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. The company has a market capitalization of $531.93 million, a P/E ratio of -14.56 and a beta of 1.76. LendingTree, Inc. has a twelve month low of $34.55 and a twelve month high of $62.49. The company'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 earnings results on Thursday, May 1st. The financial services provider reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.25. The business had revenue of $239.70 million for the quarter, compared to analyst estimates of $244.93 million. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. The company's revenue was up 42.8% on a year-over-year basis. On average, equities analysts anticipate that LendingTree, Inc. will post 0.48 EPS for the current year.

Insider Transactions at LendingTree

In other LendingTree news, COO Scott Peyree acquired 21,045 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was purchased at an average price of $41.69 per share, for a total transaction of $877,366.05. Following the transaction, the chief operating officer now owns 76,760 shares in the company, valued at $3,200,124.40. This trade represents a 37.77% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 23.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on TREE shares. Keefe, Bruyette & Woods lowered their target price on LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Northland Capmk raised shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. JPMorgan Chase & Co. increased their price target on shares of LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. Northland Securities upgraded shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a report on Tuesday, January 21st. Finally, StockNews.com cut shares of LendingTree from a "buy" rating to a "hold" rating in a research note on Sunday. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, LendingTree presently has an average rating of "Moderate Buy" and an average price target of $64.13.

LendingTree Company Profile

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.