GAMMA Investing LLC Purchases 22,835 Shares of LendingTree, Inc. (NASDAQ:TREE)

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

Other hedge funds have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new stake in shares of LendingTree in the 4th quarter valued at $36,000. Tower Research Capital LLC TRC lifted its position in shares of LendingTree by 248.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock worth $46,000 after buying an additional 848 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in LendingTree in the fourth quarter valued at about $54,000. CANADA LIFE ASSURANCE Co bought a new position in LendingTree in the fourth quarter valued at about $56,000. Finally, KLP Kapitalforvaltning AS acquired a new position in LendingTree during the fourth quarter worth about $70,000. 68.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TREE has been the topic of a number of research analyst reports. Needham & Company LLC cut their target price on shares of LendingTree from $65.00 to $62.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Wall Street Zen cut LendingTree from a "buy" rating to a "hold" rating in a research note on Sunday, May 11th. Stephens reaffirmed an "overweight" rating and set a $69.00 price target on shares of LendingTree in a research report on Thursday, March 6th. Keefe, Bruyette & Woods cut 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. Finally, JPMorgan Chase & Co. raised their target price on LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $64.13.

LendingTree Price Performance

Shares of TREE traded up $1.19 during mid-day trading on Monday, reaching $35.35. 251,094 shares of the stock traded hands, compared to its average volume of 275,361. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree, Inc. has a 1 year low of $33.82 and a 1 year high of $62.49. The company has a market cap of $478.46 million, a price-to-earnings ratio of -13.09 and a beta of 1.61. The firm has a fifty day moving average price of $40.55 and a 200 day moving average price of $42.45.

LendingTree (NASDAQ:TREE - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, topping the consensus estimate 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 firm's revenue was up 42.8% on a year-over-year basis. As a group, equities research analysts predict that LendingTree, Inc. will post 0.48 earnings per share for the current year.

Insider Activity at LendingTree

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 completion of the sale, the general counsel now directly owns 2,028 shares in the company, 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 SEC, which is available through this hyperlink. 23.10% of the stock is currently owned by insiders.

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.