Point72 Asset Management L.P. Makes New $326,000 Investment in LendingTree, Inc. (NASDAQ:TREE)

Point72 Asset Management L.P. purchased a new stake in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund purchased 8,400 shares of the financial services provider's stock, valued at approximately $326,000. Point72 Asset Management L.P. owned about 0.06% of LendingTree as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new position in LendingTree during the 4th quarter valued at about $36,000. Tower Research Capital LLC TRC boosted its stake in shares of LendingTree by 248.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock worth $46,000 after buying an additional 848 shares during the last quarter. Wealthfront Advisers LLC purchased a new position in shares of LendingTree in the 4th quarter worth approximately $54,000. CANADA LIFE ASSURANCE Co purchased a new position in shares of LendingTree in the 4th quarter worth approximately $56,000. Finally, KLP Kapitalforvaltning AS purchased a new position in shares of LendingTree in the 4th quarter worth approximately $70,000. Institutional investors and hedge funds own 68.26% of the company's stock.

LendingTree Trading Up 0.6%

Shares of NASDAQ:TREE traded up $0.21 on Thursday, reaching $35.65. 75,871 shares of the company traded hands, compared to its average volume of 267,968. The business's 50-day simple moving average is $44.14 and its 200 day simple moving average is $43.36. LendingTree, Inc. has a 52 week low of $34.01 and a 52 week high of $62.49. The stock has a market capitalization of $482.46 million, a P/E ratio of -13.16 and a beta of 1.76. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67.

LendingTree (NASDAQ:TREE - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.25. The company had revenue of $239.70 million during the quarter, compared to analyst estimates 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, equities analysts anticipate that LendingTree, Inc. will post 0.48 EPS for the current fiscal year.

Insider Transactions at LendingTree

In other news, COO Scott Peyree bought 9,794 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the acquisition, the chief operating officer now owns 97,566 shares in the company, valued at approximately $4,500,719.58. This trade represents a 11.16% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 23.40% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods cut their target price on LendingTree from $73.00 to $66.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Stephens reiterated an "overweight" rating and issued a $69.00 price objective on shares of LendingTree in a research note on Thursday, March 6th. Wall Street Zen downgraded LendingTree from a "buy" rating to a "hold" rating in a research note on Sunday, May 11th. Truist Financial dropped their price objective on LendingTree from $72.00 to $60.00 and set a "buy" rating on the stock in a research note on Monday, May 5th. Finally, Needham & Company LLC dropped their price objective on LendingTree from $65.00 to $62.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. 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 stock. Based on data from MarketBeat, LendingTree currently has a consensus 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.