Nomura Holdings Inc. Sells 25,706 Shares of LendingTree, Inc. (NASDAQ:TREE)

Nomura Holdings Inc. decreased its stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 67.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,373 shares of the financial services provider's stock after selling 25,706 shares during the quarter. Nomura Holdings Inc. owned about 0.09% of LendingTree worth $479,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Nuveen Asset Management LLC raised its stake in LendingTree by 0.9% during the fourth quarter. Nuveen Asset Management LLC now owns 75,564 shares of the financial services provider's stock valued at $2,928,000 after buying an additional 689 shares during the last quarter. Tower Research Capital LLC TRC raised its stake 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 valued at $46,000 after buying an additional 848 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in LendingTree during the fourth quarter valued at $36,000. Meeder Asset Management Inc. raised its stake in shares of LendingTree by 30.0% in the fourth quarter. Meeder Asset Management Inc. now owns 4,351 shares of the financial services provider's stock worth $169,000 after purchasing an additional 1,004 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its stake in shares of LendingTree by 101.5% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider's stock worth $80,000 after purchasing an additional 1,021 shares during the last quarter. Hedge funds and other institutional investors own 68.26% of the company's stock.

Insider Buying and Selling at LendingTree

In related news, COO Scott Peyree purchased 9,794 shares of the business's stock in a transaction on 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 acquisition, the chief operating officer now owns 97,566 shares of the company's stock, valued at approximately $4,500,719.58. This trade represents a 11.16% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 23.40% of the stock is currently owned by corporate insiders.

LendingTree Stock Performance

Shares of TREE traded up $0.64 during trading hours on Tuesday, hitting $35.80. The stock had a trading volume of 333,302 shares, compared to its average volume of 267,819. The company has a debt-to-equity ratio of 3.67, a current ratio of 0.92 and a quick ratio of 0.92. LendingTree, Inc. has a 12 month low of $34.01 and a 12 month high of $62.49. The firm has a market capitalization of $484.55 million, a PE ratio of -13.26 and a beta of 1.76. The stock has a fifty day moving average price of $44.47 and a 200 day moving average price of $43.42.

LendingTree (NASDAQ:TREE - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $239.70 million during the quarter, compared to analyst estimates of $244.93 million. The business's revenue was up 42.8% compared to the same quarter last year. Analysts anticipate that LendingTree, Inc. will post 0.48 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Truist Financial decreased their price target on LendingTree from $72.00 to $60.00 and set a "buy" rating for the company in a research note on Monday, May 5th. Keefe, Bruyette & Woods decreased their price target on LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Needham & Company LLC decreased their price target on LendingTree from $65.00 to $62.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. Stephens restated an "overweight" rating and issued a $69.00 price target on shares of LendingTree in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. boosted their price target on LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $64.13.

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.