Centiva Capital LP Invests $368,000 in LendingTree, Inc. (NASDAQ:TREE)

Centiva Capital LP purchased a new stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 9,504 shares of the financial services provider's stock, valued at approximately $368,000. Centiva Capital LP owned 0.07% of LendingTree at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TREE. New Age Alpha Advisors LLC bought a new stake in LendingTree during the fourth quarter worth about $36,000. Tower Research Capital LLC TRC boosted its stake in LendingTree by 248.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock valued at $46,000 after acquiring an additional 848 shares during the last quarter. Wealthfront Advisers LLC bought a new position in LendingTree in the fourth quarter valued at approximately $54,000. CANADA LIFE ASSURANCE Co bought a new position in LendingTree in the fourth quarter valued at approximately $56,000. Finally, KLP Kapitalforvaltning AS bought a new position in LendingTree in the fourth quarter valued at approximately $70,000. 68.26% of the stock is currently owned by institutional investors.

LendingTree Stock Up 1.6%

Shares of NASDAQ:TREE traded up $0.59 during midday trading on Friday, reaching $38.21. 218,288 shares of the company were exchanged, compared to its average volume of 264,651. LendingTree, Inc. has a fifty-two week low of $34.55 and a fifty-two week high of $62.49. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. The stock has a fifty day simple moving average of $46.25 and a two-hundred day simple moving average of $44.02. The firm has a market cap of $517.17 million, a PE ratio of -14.15 and a beta of 1.76.

LendingTree (NASDAQ:TREE - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.25. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. The business had revenue of $239.70 million for the quarter, compared to analyst estimates of $244.93 million. The firm's revenue was up 42.8% on a year-over-year basis. As a group, sell-side analysts forecast that LendingTree, Inc. will post 0.48 earnings per share for the current year.

Insider Buying and Selling at LendingTree

In other LendingTree news, COO Scott Peyree purchased 9,794 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $46.13 per share, for a total transaction of $451,797.22. Following the purchase, the chief operating officer now owns 97,566 shares of the company's stock, valued at approximately $4,500,719.58. This represents a 11.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 23.10% of the company's stock.

Wall Street Analyst Weigh In

TREE has been the topic of a number of recent analyst reports. Truist Financial reduced their price target on shares of LendingTree from $72.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. Northland Capmk raised shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. StockNews.com cut shares of LendingTree from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th. 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 report on Thursday, March 6th. Finally, Stephens reissued an "overweight" rating and set a $69.00 price target on shares of LendingTree in a research report on Thursday, March 6th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, LendingTree currently has an average rating of "Moderate Buy" and an average target price of $64.13.

LendingTree 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.