Deutsche Bank AG Has $1.83 Million Stock Position in LendingTree, Inc. $TREE

Key Points

• Deutsche Bank AG boosted its stake in LendingTree by 44.4%, acquiring an additional 11,195 shares, bringing its total to 36,437 shares valued at approximately $1.83 million.
• Several large investors are increasing their positions in LendingTree, with Tower Research Capital increasing its holdings by 248.0% and Lazard Asset Management by 4,509.1% in recent quarters.
• Analysts have mixed ratings for LendingTree, with the average price target at $65.38 and multiple firms giving it a "buy" rating despite a recent downgrade from "strong-buy" by Wall Street Zen.

Deutsche Bank AG raised its stake in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 44.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 36,437 shares of the financial services provider's stock after buying an additional 11,195 shares during the quarter. Deutsche Bank AG owned about 0.27% of LendingTree worth $1,832,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in TREE. Raymond James Financial Inc. bought a new position in shares of LendingTree during the fourth quarter worth about $1,254,000. Barclays PLC raised its holdings in shares of LendingTree by 199.2% in the fourth quarter. Barclays PLC now owns 64,056 shares of the financial services provider's stock valued at $2,482,000 after purchasing an additional 42,647 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of LendingTree during the 4th quarter worth about $956,000. Canada Pension Plan Investment Board acquired a new position in shares of LendingTree during the 4th quarter worth about $1,271,000. Finally, CANADA LIFE ASSURANCE Co bought a new position in shares of LendingTree in the fourth quarter valued at $56,000. Institutional investors own 68.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on TREE shares. Wall Street Zen downgraded shares of LendingTree from a "strong-buy" rating to a "buy" rating in a research note on Monday, August 18th. Truist Financial set a $62.00 price target on shares of LendingTree and gave the company a "buy" rating in a report on Monday, August 4th. Finally, Needham & Company LLC increased their price target on shares of LendingTree from $62.00 to $70.00 and gave the company a "buy" rating in a report on Friday, August 1st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average target price of $65.38.

LendingTree Stock Performance

Shares of TREE traded up $6.33 during mid-day trading on Friday, hitting $69.48. 474,559 shares of the company's stock were exchanged, compared to its average volume of 377,521. The stock's 50-day simple moving average is $45.58 and its 200-day simple moving average is $44.06. The firm has a market cap of $946.32 million, a price-to-earnings ratio of -17.11 and a beta of 1.58. The company has a quick ratio of 1.22, a current ratio of 1.22 and a debt-to-equity ratio of 3.26. LendingTree, Inc. has a 52 week low of $33.50 and a 52 week high of $69.92.

LendingTree (NASDAQ:TREE - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.04. The business had revenue of $250.10 million for the quarter, compared to analysts' expectations of $244.03 million. LendingTree had a negative net margin of 5.33% and a positive return on equity of 25.79%. LendingTree's revenue for the quarter was up 19.0% compared to the same quarter last year. On average, equities research analysts expect that LendingTree, Inc. will post 0.48 EPS for the current year.

Insider Transactions at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 1,250 shares of LendingTree stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $36.24, for a total value of $45,300.00. Following the transaction, the general counsel directly owned 2,028 shares of the company's stock, valued at $73,494.72. This trade represents a 38.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 23.10% of the stock is owned by company insiders.

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.