LendingTree, Inc. (NASDAQ:TREE) Shares Bought by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC increased its position in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 127.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 166,575 shares of the financial services provider's stock after buying an additional 93,244 shares during the period. Cubist Systematic Strategies LLC owned about 1.25% of LendingTree worth $6,455,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Emerald Advisers LLC lifted its position in LendingTree by 1.4% during the fourth quarter. Emerald Advisers LLC now owns 361,220 shares of the financial services provider's stock valued at $13,997,000 after acquiring an additional 4,831 shares during the last quarter. Blue Grotto Capital LLC increased its position in shares of LendingTree by 4.1% during the fourth quarter. Blue Grotto Capital LLC now owns 301,784 shares of the financial services provider's stock worth $11,694,000 after purchasing an additional 11,784 shares in the last quarter. Hennessy Advisors Inc. lifted its holdings in shares of LendingTree by 6.8% during the 4th 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 during the last quarter. Dimensional Fund Advisors LP grew its stake in LendingTree by 15.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 204,896 shares of the financial services provider's stock worth $7,940,000 after buying an additional 27,887 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in LendingTree by 4.4% during the 4th quarter. Federated Hermes Inc. now owns 166,672 shares of the financial services provider's stock valued at $6,459,000 after buying an additional 7,095 shares in the last quarter. 68.26% of the stock is owned by hedge funds and other institutional investors.

LendingTree Price Performance

NASDAQ:TREE traded up $1.02 during trading hours on Tuesday, reaching $40.32. 466,559 shares of the company were exchanged, compared to its average volume of 262,056. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. The firm has a market cap of $545.73 million, a PE ratio of -14.93 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 stock's 50-day moving average is $46.78 and its 200-day moving average is $44.39.

LendingTree (NASDAQ:TREE - Get Free Report) last released its quarterly 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. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. The firm had revenue of $239.70 million during the quarter, compared to the consensus estimate of $244.93 million. The business's revenue for the quarter was up 42.8% on a year-over-year basis. On average, sell-side analysts anticipate that LendingTree, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TREE has been the topic of several recent analyst reports. StockNews.com downgraded shares of LendingTree from a "buy" rating to a "hold" rating in a report on Sunday. Northland Securities upgraded shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price target on the stock in a research note on Tuesday, January 21st. Truist Financial decreased their price target on shares of LendingTree from $72.00 to $60.00 and set a "buy" rating for the company in a report on Monday, May 5th. Northland Capmk raised shares of LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. Finally, Stephens restated an "overweight" rating and issued a $69.00 target price on shares of LendingTree in a research note on Thursday, March 6th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $64.13.

Insider Activity

In related news, COO Scott Peyree acquired 21,045 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $41.69 per share, with a total value of $877,366.05. Following the completion of the purchase, the chief operating officer now owns 76,760 shares of the company's stock, valued at approximately $3,200,124.40. This represents a 37.77% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 23.10% of the company's stock.

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.