GSA Capital Partners LLP Has $2.11 Million Stock Position in LendingTree, Inc. (NASDAQ:TREE)

Key Points

• GSA Capital Partners LLP increased its stake in LendingTree by 143.3% during the first quarter, owning approximately 41,974 shares valued at $2.11 million.
• Multiple hedge funds have significantly raised their positions in LendingTree, with Squarepoint Ops LLC increasing its holdings by 2,074.7% in the previous quarter.
• LendingTree reported $0.99 EPS in its latest quarterly earnings, exceeding estimates, while maintaining a positive return on equity of 14.76%.

GSA Capital Partners LLP increased its position in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 143.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,974 shares of the financial services provider's stock after purchasing an additional 24,724 shares during the quarter. GSA Capital Partners LLP owned approximately 0.31% of LendingTree worth $2,110,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Squarepoint Ops LLC raised its holdings in shares of LendingTree by 2,074.7% in the fourth quarter. Squarepoint Ops LLC now owns 107,998 shares of the financial services provider's stock valued at $4,185,000 after purchasing an additional 103,032 shares during the last quarter. Cubist Systematic Strategies LLC boosted its position in shares of 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 acquiring an additional 93,244 shares during the period. AQR Capital Management LLC boosted its position in shares of LendingTree by 70.6% in the fourth quarter. AQR Capital Management LLC now owns 131,404 shares of the financial services provider's stock valued at $5,092,000 after acquiring an additional 54,368 shares during the period. Barclays PLC boosted its position 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 acquiring an additional 42,647 shares during the period. Finally, Trexquant Investment LP boosted its position in shares of 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 acquiring an additional 40,038 shares during the period. Institutional investors own 68.26% of the company's stock.

Insider Activity at LendingTree

In related news, General Counsel Heather Enlow-Novitsky sold 1,250 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $36.24, for a total value of $45,300.00. Following the sale, the general counsel directly owned 2,028 shares in the company, valued at approximately $73,494.72. The trade was a 38.13% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 23.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wall Street Zen cut shares of LendingTree from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th. Truist Financial cut their price objective on shares of LendingTree from $72.00 to $60.00 and set a "buy" rating for the company in a research report on Monday, May 5th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $62.00 target price on shares of LendingTree in a report on Thursday, July 24th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, LendingTree has an average rating of "Moderate Buy" and a consensus target price of $64.13.

LendingTree Stock Performance

NASDAQ:TREE opened at $48.20 on Tuesday. The company has a market capitalization of $652.15 million, a PE ratio of -11.67 and a beta of 1.61. LendingTree, Inc. has a fifty-two week low of $33.50 and a fifty-two week high of $62.49. The company has a debt-to-equity ratio of 3.74, a quick ratio of 1.20 and a current ratio of 1.20. The company has a 50 day simple moving average of $37.49 and a two-hundred day simple moving average of $42.23.

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

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.

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