Squarepoint Ops LLC Buys 103,032 Shares of LendingTree, Inc. (NASDAQ:TREE)

Squarepoint Ops LLC lifted its stake in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 2,074.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 107,998 shares of the financial services provider's stock after acquiring an additional 103,032 shares during the period. Squarepoint Ops LLC owned approximately 0.81% of LendingTree worth $4,185,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TREE. Emerald Advisers LLC increased its holdings in LendingTree by 1.4% in the 4th quarter. Emerald Advisers LLC now owns 361,220 shares of the financial services provider's stock valued at $13,997,000 after buying an additional 4,831 shares during the period. Blue Grotto Capital LLC boosted its position in shares of LendingTree by 4.1% during the 4th quarter. Blue Grotto Capital LLC now owns 301,784 shares of the financial services provider's stock valued at $11,694,000 after acquiring an additional 11,784 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in LendingTree by 15.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 204,896 shares of the financial services provider's stock valued at $7,940,000 after acquiring an additional 27,887 shares during the period. Federated Hermes Inc. raised its position in LendingTree by 4.4% in the fourth quarter. Federated Hermes Inc. now owns 166,672 shares of the financial services provider's stock worth $6,459,000 after purchasing an additional 7,095 shares in the last quarter. Finally, Cubist Systematic Strategies LLC raised its holdings in shares of LendingTree by 127.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 166,575 shares of the financial services provider's stock worth $6,455,000 after buying an additional 93,244 shares in the last quarter. Institutional investors and hedge funds own 68.26% of the company's stock.

LendingTree Trading Down 0.4%

TREE traded down $0.16 during trading on Friday, reaching $35.43. 181,087 shares of the company's stock were exchanged, compared to its average volume of 268,824. The company's fifty day moving average price is $43.74 and its 200-day moving average price is $43.25. The firm has a market capitalization of $479.56 million, a PE ratio of -13.15 and a beta of 1.76. LendingTree, Inc. has a fifty-two week low of $34.01 and a fifty-two week high of $62.49. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

LendingTree (NASDAQ:TREE - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.74 by $0.25. The business 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 0.51% and a negative net margin of 4.72%. The company's quarterly revenue was up 42.8% compared to the same quarter last year. As a group, equities analysts forecast that LendingTree, Inc. will post 0.48 EPS for the current year.

Insider Buying and Selling at LendingTree

In other LendingTree news, COO Scott Peyree bought 21,045 shares of LendingTree stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $41.69 per share, for a total transaction of $877,366.05. Following the completion of the acquisition, the chief operating officer now owns 76,760 shares in the company, valued at approximately $3,200,124.40. The trade was a 37.77% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Heather Enlow-Novitsky sold 1,250 shares of the company'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 transaction, the general counsel now directly owns 2,028 shares of the company's stock, valued at $73,494.72. This represents a 38.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 23.40% of the company's stock.

Analyst Ratings Changes

A number of brokerages have issued reports on TREE. Needham & Company LLC cut their price objective on LendingTree from $65.00 to $62.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Truist Financial dropped their target price 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. Stephens reiterated an "overweight" rating and set a $69.00 target price on shares of LendingTree in a research report on Thursday, March 6th. JPMorgan Chase & Co. boosted their price objective on LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. Finally, Keefe, Bruyette & Woods lowered their target price on LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $64.13.

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.