Bridgeway Capital Management LLC Lowers Position in LendingTree, Inc. (NASDAQ:TREE)

Bridgeway Capital Management LLC reduced its position in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 33.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 107,349 shares of the financial services provider's stock after selling 53,719 shares during the quarter. Bridgeway Capital Management LLC owned about 0.80% of LendingTree worth $4,160,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Marshall Wace LLP purchased a new position in shares of LendingTree in the 4th quarter worth approximately $956,000. Raymond James Financial Inc. purchased a new position in shares of LendingTree during the 4th quarter valued at about $1,254,000. Barclays PLC raised its position in LendingTree by 199.2% during the fourth quarter. Barclays PLC now owns 64,056 shares of the financial services provider's stock valued at $2,482,000 after acquiring an additional 42,647 shares in the last quarter. Asset Management One Co. Ltd. increased its holdings in shares of LendingTree by 101.5% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider's stock valued at $80,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Versor Investments LP acquired a new position in shares of LendingTree in the fourth quarter worth about $298,000. Hedge funds and other institutional investors own 68.26% of the company's stock.

LendingTree Stock Down 0.6 %

TREE stock traded down $0.22 during mid-day trading on Friday, reaching $38.74. The company had a trading volume of 499,424 shares, compared to its average volume of 260,141. LendingTree, Inc. has a fifty-two week low of $34.55 and a fifty-two week high of $62.49. The firm has a fifty day simple moving average of $46.80 and a 200 day simple moving average of $44.55. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $524.35 million, a price-to-earnings ratio of -14.35 and a beta of 1.76.

LendingTree (NASDAQ:TREE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $244.93 million. The firm's revenue for the quarter was up 42.8% compared to the same quarter last year. Analysts forecast that LendingTree, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at LendingTree

In other LendingTree news, COO Scott Peyree bought 9,794 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $46.13 per share, with a total value of $451,797.22. Following the acquisition, the chief operating officer now directly owns 97,566 shares of the company's stock, valued at $4,500,719.58. The trade was a 11.16 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 23.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TREE shares. StockNews.com downgraded LendingTree from a "buy" rating to a "hold" rating in a research note on Sunday. JPMorgan Chase & Co. upped their price target on LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research 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 for the company in a research report on Tuesday, January 21st. Stephens reissued an "overweight" rating and set a $69.00 target price on shares of LendingTree in a research note on Thursday, March 6th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on 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.