LendingTree, Inc. (NASDAQ:TREE) Stake Decreased by Two Sigma Investments LP

Two Sigma Investments LP decreased its position in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 59.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,729 shares of the financial services provider's stock after selling 33,083 shares during the period. Two Sigma Investments LP owned 0.17% of LendingTree worth $881,000 at the end of the most recent quarter.

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

LendingTree Trading Up 2.6%

LendingTree stock opened at $35.99 on Friday. The company's fifty day simple moving average is $41.64 and its 200-day simple moving average is $42.76. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree, Inc. has a 12 month low of $33.82 and a 12 month high of $62.49. The stock has a market cap of $487.12 million, a P/E ratio of -13.33 and a beta of 1.76.

LendingTree (NASDAQ:TREE - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.74 by $0.25. The business had revenue of $239.70 million for the quarter, compared to analysts' expectations of $244.93 million. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. The firm's quarterly revenue was up 42.8% on a year-over-year basis. As a group, sell-side analysts forecast that LendingTree, Inc. will post 0.48 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wall Street Zen lowered shares of LendingTree from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th. Truist Financial decreased their price target on shares of LendingTree from $72.00 to $60.00 and set a "buy" rating on the stock in a research report on Monday, May 5th. JPMorgan Chase & Co. lifted their price target on shares of LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. Needham & Company LLC decreased their price target 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. Finally, Keefe, Bruyette & Woods cut their target price on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, LendingTree currently has a consensus rating of "Moderate Buy" and an average price target of $64.13.

Insider Buying and Selling

In related news, COO Scott Peyree acquired 9,794 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was acquired at an average price of $46.13 per share, with a total value of $451,797.22. Following the completion of the transaction, the chief operating officer now owns 97,566 shares of the company's stock, valued at approximately $4,500,719.58. This represents a 11.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through 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 shares were sold at an average price of $36.24, for a total transaction 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 position. The disclosure for this sale can be found here. 23.10% of the stock is currently owned by corporate 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.

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