Two Sigma Advisers LP Sells 19,000 Shares of LendingTree, Inc. (NASDAQ:TREE)

Two Sigma Advisers LP reduced its stake in LendingTree, Inc. (NASDAQ:TREE - Free Report) by 16.9% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 93,300 shares of the financial services provider's stock after selling 19,000 shares during the quarter. Two Sigma Advisers LP owned approximately 0.70% of LendingTree worth $3,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new stake in shares of LendingTree during the 4th quarter worth approximately $36,000. Tower Research Capital LLC TRC lifted its holdings in shares of LendingTree by 248.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider's stock valued at $46,000 after purchasing an additional 848 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in LendingTree during the 4th quarter worth approximately $54,000. CANADA LIFE ASSURANCE Co bought a new stake in shares of LendingTree during the 4th quarter worth approximately $56,000. Finally, KLP Kapitalforvaltning AS bought a new stake in LendingTree in the 4th quarter valued at $70,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 1,250 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $36.24, for a total value of $45,300.00. Following the completion of the transaction, the general counsel now directly owns 2,028 shares in the company, valued at approximately $73,494.72. This represents a 38.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Scott Peyree purchased 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 transaction, the chief operating officer now owns 97,566 shares in the company, valued at approximately $4,500,719.58. This represents a 11.16% increase in their ownership of the stock. The disclosure for this purchase can be found here. 23.40% of the stock is currently owned by insiders.

LendingTree Price Performance

Shares of LendingTree stock traded down $0.43 during trading on Friday, hitting $35.16. The stock had a trading volume of 275,986 shares, compared to its average volume of 269,216. 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, Inc. has a 12 month low of $34.01 and a 12 month high of $62.49. The firm has a market cap of $475.89 million, a price-to-earnings ratio of -13.06 and a beta of 1.76. The business's 50-day moving average is $43.74 and its 200 day moving average is $43.25.

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

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. Truist Financial decreased their price objective on LendingTree from $72.00 to $60.00 and set a "buy" rating for the company in a report on Monday, May 5th. 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. Wall Street Zen lowered LendingTree from a "buy" rating to a "hold" rating in a research report on Sunday, May 11th. Finally, Stephens reissued an "overweight" rating and set a $69.00 price objective on shares of LendingTree in a report on Thursday, March 6th. Two research 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price 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.