LendingTree, Inc. (NASDAQ:TREE) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC grew its position in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 60,092.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,873 shares of the financial services provider's stock after acquiring an additional 22,835 shares during the quarter. GAMMA Investing LLC owned about 0.17% of LendingTree worth $1,150,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of TREE. Marshall Wace LLP acquired a new position in LendingTree in the fourth quarter valued at $956,000. Raymond James Financial Inc. purchased a new stake in shares of LendingTree during the fourth quarter worth approximately $1,254,000. Deutsche Bank AG lifted its holdings in shares of LendingTree by 280.6% during the fourth quarter. Deutsche Bank AG now owns 25,242 shares of the financial services provider's stock worth $978,000 after purchasing an additional 18,610 shares during the period. Barclays PLC grew its position in LendingTree by 199.2% in the 4th quarter. Barclays PLC now owns 64,056 shares of the financial services provider's stock valued at $2,482,000 after buying an additional 42,647 shares during the last quarter. Finally, Asset Management One Co. Ltd. increased its stake in LendingTree by 101.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider's stock valued at $80,000 after buying an additional 1,021 shares during the period. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

LendingTree Price Performance

LendingTree stock traded up $0.87 during mid-day trading on Thursday, reaching $34.61. The company had a trading volume of 247,193 shares, compared to its average volume of 276,772. The stock's 50-day simple moving average is $40.01 and its 200-day simple moving average is $42.27. LendingTree, Inc. has a 1 year low of $33.50 and a 1 year high of $62.49. The company has a debt-to-equity ratio of 3.74, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market capitalization of $468.27 million, a P/E ratio of -8.38 and a beta of 1.61.

LendingTree (NASDAQ:TREE - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $239.70 million during the quarter, compared to the consensus estimate of $244.93 million. LendingTree had a positive return on equity of 14.76% and a negative net margin of 5.67%. The firm's revenue was up 42.8% compared to the same quarter last year. On average, equities analysts predict that LendingTree, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

TREE has been the subject of several recent analyst reports. Keefe, Bruyette & Woods reduced their target price on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. raised their price objective 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. Stephens reaffirmed an "overweight" rating and issued a $69.00 price objective on shares of LendingTree in a report on Thursday, March 6th. Wall Street Zen downgraded LendingTree from a "buy" rating to a "hold" rating in a research note on Sunday, May 11th. Finally, Truist Financial decreased their price target on LendingTree from $72.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Two equities 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's stock. Based on data from MarketBeat, LendingTree presently has an average rating of "Moderate Buy" and a consensus price target of $64.13.

Insider Transactions at LendingTree

In other news, General Counsel Heather Enlow-Novitsky sold 1,250 shares of the firm's 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 completion of the transaction, the general counsel now directly owns 2,028 shares of the company's stock, valued at $73,494.72. This trade represents a 38.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 23.10% of the company's stock.

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.