LendingTree, Inc. (NASDAQ:TREE) Position Boosted by Deutsche Bank AG

Deutsche Bank AG boosted its holdings in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 280.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,242 shares of the financial services provider's stock after acquiring an additional 18,610 shares during the period. Deutsche Bank AG owned 0.19% of LendingTree worth $978,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in TREE. Cubist Systematic Strategies LLC increased its holdings in LendingTree by 127.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 166,575 shares of the financial services provider's stock valued at $6,455,000 after buying an additional 93,244 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of LendingTree by 70.6% during the fourth quarter. AQR Capital Management LLC now owns 131,404 shares of the financial services provider's stock worth $5,092,000 after buying an additional 54,368 shares during the last quarter. Barclays PLC lifted its position in 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 period. Trexquant Investment LP lifted its position in LendingTree by 97.0% in the fourth quarter. Trexquant Investment LP now owns 81,308 shares of the financial services provider's stock valued at $3,151,000 after purchasing an additional 40,038 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of LendingTree by 74.6% during the 4th quarter. Victory Capital Management Inc. now owns 84,180 shares of the financial services provider's stock valued at $3,262,000 after acquiring an additional 35,970 shares during the period. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Trading Down 1.2%

Shares of TREE stock traded down $0.43 on Friday, reaching $35.16. 383,414 shares of the stock were exchanged, compared to its average volume of 270,575. The firm has a 50 day moving average of $43.35 and a two-hundred day moving average of $43.07. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree, Inc. has a 1-year low of $34.01 and a 1-year high of $62.49. The stock has a market cap of $475.89 million, a P/E ratio of -13.02 and a beta of 1.76.

LendingTree (NASDAQ:TREE - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.99 earnings per share 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 firm had revenue of $239.70 million during the quarter, compared to analysts' expectations of $244.93 million. LendingTree's revenue for the quarter was up 42.8% on a year-over-year basis. On average, research analysts anticipate that LendingTree, Inc. will post 0.48 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on TREE shares. JPMorgan Chase & Co. lifted their price target on shares of LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Needham & Company LLC cut their price target on LendingTree from $65.00 to $62.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Keefe, Bruyette & Woods cut 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. Stephens reiterated an "overweight" rating and issued a $69.00 price target on shares of LendingTree in a report on Thursday, March 6th. Finally, Wall Street Zen downgraded LendingTree from a "buy" rating to a "hold" rating in a report on Sunday, May 11th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $64.13.

Insider Buying and Selling

In other news, COO Scott Peyree acquired 9,794 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average cost of $46.13 per share, with a total value of $451,797.22. Following the transaction, the chief operating officer now directly owns 97,566 shares in the company, valued at approximately $4,500,719.58. This represents a 11.16% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Heather Enlow-Novitsky sold 1,250 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $36.24, for a total transaction of $45,300.00. Following the completion of the transaction, the general counsel now directly owns 2,028 shares of the company's stock, valued at approximately $73,494.72. The trade was a 38.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 23.40% of the stock is owned by corporate insiders.

About LendingTree

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.