Sherbrooke Park Advisers LLC purchased a new position in LendingTree, Inc. (NASDAQ:TREE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,552 shares of the financial services provider's stock, valued at approximately $409,000. Sherbrooke Park Advisers LLC owned 0.08% of LendingTree as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of TREE. New Age Alpha Advisors LLC bought a new stake in LendingTree during the 4th quarter valued at about $36,000. Tower Research Capital LLC TRC lifted its stake in shares of LendingTree by 248.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock worth $46,000 after purchasing an additional 848 shares during the period. Wealthfront Advisers LLC purchased a new position in shares of LendingTree during the 4th quarter worth $54,000. CANADA LIFE ASSURANCE Co bought a new stake in LendingTree during the fourth quarter valued at about $56,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of LendingTree during the 4th quarter valued at approximately $70,000. 68.26% of the stock is currently owned by institutional investors.
Insider Transactions at LendingTree
In related news, COO Scott Peyree bought 9,794 shares of the business's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $46.13 per share, with a total value of $451,797.22. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 23.10% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have commented on TREE. Truist Financial dropped their price objective 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. Needham & Company LLC dropped their target price on shares of LendingTree from $65.00 to $62.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Keefe, Bruyette & Woods dropped their price objective on LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. StockNews.com cut LendingTree from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th. Finally, Stephens reiterated an "overweight" rating and set a $69.00 price target on shares of LendingTree in a research note on Thursday, March 6th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, LendingTree presently has a consensus rating of "Moderate Buy" and a consensus price target of $64.13.
View Our Latest Report on LendingTree
LendingTree Price Performance
NASDAQ TREE traded down $2.21 on Wednesday, hitting $35.44. The company had a trading volume of 383,674 shares, compared to its average volume of 265,521. The company has a market capitalization of $479.68 million, a PE ratio of -13.13 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's fifty day moving average price is $45.64 and its 200-day moving average price is $43.78. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92.
LendingTree (NASDAQ:TREE - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, beating 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 business had revenue of $239.70 million during the quarter, compared to analysts' expectations of $244.93 million. The company's revenue was up 42.8% compared to the same quarter last year. As a group, analysts predict that LendingTree, Inc. will post 0.48 earnings per share for the current year.
About LendingTree
(
Free Report)
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.
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