Centiva Capital LP Acquires New Position in LendingTree, Inc. (NASDAQ:TREE)

Centiva Capital LP bought a new position in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 9,504 shares of the financial services provider's stock, valued at approximately $368,000. Centiva Capital LP owned 0.07% of LendingTree as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of TREE. Barclays PLC lifted its holdings in LendingTree by 301.5% during the third quarter. Barclays PLC now owns 21,409 shares of the financial services provider's stock worth $1,244,000 after buying an additional 16,077 shares during the period. Hennessy Advisors Inc. boosted its position in LendingTree by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider's stock valued at $9,393,000 after purchasing an additional 15,400 shares in the last quarter. Empowered Funds LLC grew its stake in LendingTree by 4.9% in the fourth quarter. Empowered Funds LLC now owns 36,946 shares of the financial services provider's stock valued at $1,432,000 after purchasing an additional 1,728 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in LendingTree by 101.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider's stock worth $80,000 after purchasing an additional 1,021 shares in the last quarter. Finally, Congress Asset Management Co. boosted its holdings in shares of LendingTree by 13.4% in the 4th quarter. Congress Asset Management Co. now owns 24,808 shares of the financial services provider's stock valued at $961,000 after buying an additional 2,923 shares in the last quarter. Institutional investors own 68.26% of the company's stock.

Analyst Ratings Changes

TREE has been the subject of several recent analyst reports. StockNews.com lowered shares of LendingTree from a "buy" rating to a "hold" rating in a research note on Sunday. JPMorgan Chase & Co. increased their price objective on LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. Needham & Company LLC decreased their price target on LendingTree from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Keefe, Bruyette & Woods lowered their price target on LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Finally, Stephens restated an "overweight" rating and set a $69.00 price objective on shares of LendingTree in a report 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 company. According to data from MarketBeat.com, LendingTree presently has an average rating of "Moderate Buy" and an average target price of $64.13.

Insider Buying and Selling

In other news, COO Scott Peyree purchased 9,794 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the transaction, the chief operating officer now owns 97,566 shares in the company, valued at $4,500,719.58. This represents a 11.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 23.10% of the stock is owned by corporate insiders.

LendingTree Stock Performance

Shares of TREE stock traded down $1.08 during trading hours on Thursday, hitting $37.62. The company's stock had a trading volume of 311,122 shares, compared to its average volume of 263,425. The stock has a market cap of $509.19 million, a PE ratio of -13.93 and a beta of 1.76. LendingTree, Inc. has a 12-month low of $34.55 and a 12-month high of $62.49. The company has a 50 day moving average of $46.60 and a 200 day moving average of $44.36. 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 (NASDAQ:TREE - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.74 by $0.25. The company 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%. LendingTree's revenue was up 42.8% on a year-over-year basis. On average, sell-side analysts forecast that LendingTree, Inc. will post 0.48 EPS for the current fiscal year.

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.