Emerald Mutual Fund Advisers Trust Raises Stake in LendingTree, Inc. (NASDAQ:TREE)

Emerald Mutual Fund Advisers Trust raised its position in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 3.7% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 249,505 shares of the financial services provider's stock after purchasing an additional 9,007 shares during the quarter. Emerald Mutual Fund Advisers Trust owned 1.86% of LendingTree worth $12,543,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in LendingTree by 4,926.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,262 shares of the financial services provider's stock valued at $114,000 after purchasing an additional 2,217 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in LendingTree by 68.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,921 shares of the financial services provider's stock valued at $298,000 after purchasing an additional 2,397 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in LendingTree by 17.0% during the 1st quarter. Assenagon Asset Management S.A. now owns 148,271 shares of the financial services provider's stock valued at $7,454,000 after purchasing an additional 21,539 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of LendingTree by 51.6% in the first quarter. SG Americas Securities LLC now owns 9,678 shares of the financial services provider's stock worth $487,000 after acquiring an additional 3,292 shares during the period. Finally, Intellectus Partners LLC grew its stake in shares of LendingTree by 18.5% in the first quarter. Intellectus Partners LLC now owns 30,750 shares of the financial services provider's stock worth $1,546,000 after acquiring an additional 4,800 shares during the period. 68.26% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other LendingTree 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 transaction of $45,300.00. Following the transaction, the general counsel owned 2,028 shares of the company's stock, valued at $73,494.72. The trade was a 38.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 23.10% of the stock is owned by corporate insiders.

LendingTree Stock Performance

Shares of NASDAQ TREE opened at $38.60 on Friday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 3.74. LendingTree, Inc. has a 12-month low of $33.50 and a 12-month high of $62.49. The firm has a market capitalization of $522.26 million, a price-to-earnings ratio of -9.35 and a beta of 1.61. The firm has a 50 day moving average of $36.81 and a 200 day moving average of $41.98.

LendingTree (NASDAQ:TREE - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.25. LendingTree had a negative net margin of 5.67% and a positive return on equity of 14.76%. The business had revenue of $239.70 million for the quarter, compared to the consensus estimate of $244.93 million. The business's quarterly revenue was up 42.8% compared to the same quarter last year. On average, research analysts anticipate that LendingTree, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

TREE has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of LendingTree from a "buy" rating to a "hold" rating in a research note on Sunday, May 11th. Truist Financial reduced their price target on shares of LendingTree from $72.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Finally, Needham & Company LLC cut their target price on shares of LendingTree from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company 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.

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