Two Sigma Investments LP Sells 33,083 Shares of LendingTree, Inc. (NASDAQ:TREE)

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TREE. Cubist Systematic Strategies LLC grew its position in shares of LendingTree by 127.2% during 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 during the period. AQR Capital Management LLC raised its position in shares of LendingTree by 70.6% during the 4th 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 last quarter. Barclays PLC lifted its stake in shares of 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 purchasing an additional 42,647 shares during the period. Trexquant Investment LP lifted its stake in shares of LendingTree by 97.0% in the 4th quarter. Trexquant Investment LP now owns 81,308 shares of the financial services provider's stock valued at $3,151,000 after purchasing an additional 40,038 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of LendingTree by 74.6% in the 4th quarter. Victory Capital Management Inc. now owns 84,180 shares of the financial services provider's stock worth $3,262,000 after purchasing an additional 35,970 shares during the last quarter. 68.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. raised their target price on LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, March 6th. Stephens reissued an "overweight" rating and issued a $69.00 price target on shares of LendingTree in a report on Thursday, March 6th. Wall Street Zen lowered LendingTree from a "buy" rating to a "hold" rating in a report on Sunday, May 11th. 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 report on Thursday, March 6th. Finally, Truist Financial lowered their target price on LendingTree from $72.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, LendingTree currently has an average rating of "Moderate Buy" and a consensus price target of $64.13.

LendingTree Stock Up 0.3%

TREE traded up $0.11 during trading hours on Tuesday, hitting $36.30. 248,023 shares of the company's stock were exchanged, compared to its average volume of 273,604. 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 1-year low of $33.82 and a 1-year high of $62.49. The stock's 50-day moving average is $41.07 and its two-hundred day moving average is $42.65. The stock has a market cap of $491.32 million, a price-to-earnings ratio of -13.44 and a beta of 1.61.

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

Insider Activity

In other news, COO Scott Peyree acquired 9,794 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $46.13 per share, with a total value of $451,797.22. Following the transaction, the chief operating officer now directly owns 97,566 shares in the company, valued at approximately $4,500,719.58. The trade was a 11.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Heather Enlow-Novitsky sold 1,250 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $73,494.72. This trade 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 insiders.

About LendingTree

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.