LendingTree, Inc. (NASDAQ:TREE) Stock Holdings Lessened by G2 Investment Partners Management LLC

G2 Investment Partners Management LLC lowered its holdings in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 19.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 173,575 shares of the financial services provider's stock after selling 42,388 shares during the period. LendingTree comprises 1.7% of G2 Investment Partners Management LLC's holdings, making the stock its 26th largest holding. G2 Investment Partners Management LLC owned about 1.30% of LendingTree worth $6,726,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new position in shares of LendingTree during the fourth quarter valued at about $36,000. Tower Research Capital LLC TRC boosted its stake in LendingTree by 248.0% in 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 acquiring an additional 848 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in shares of LendingTree in the fourth quarter valued at approximately $54,000. CANADA LIFE ASSURANCE Co bought a new stake in shares of LendingTree in the fourth quarter valued at approximately $56,000. Finally, KLP Kapitalforvaltning AS purchased a new position in LendingTree during the fourth quarter valued at approximately $70,000. Institutional investors own 68.26% of the company's stock.

Analyst Upgrades and Downgrades

TREE has been the subject of several analyst reports. Northland Capmk raised shares of LendingTree from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 21st. Northland Securities raised shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 price objective on the stock in a report on Tuesday, January 21st. Truist Financial reduced their price objective 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. Keefe, Bruyette & Woods dropped their price objective on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. lifted their price objective on LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating 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 given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $64.13.

LendingTree Stock Performance

NASDAQ TREE traded up $0.60 on Monday, reaching $39.30. The stock had a trading volume of 505,547 shares, compared to its average volume of 261,124. LendingTree, Inc. has a 12-month low of $34.55 and a 12-month high of $62.49. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The business's 50-day moving average price is $46.80 and its 200 day moving average price is $44.49. The stock has a market cap of $531.93 million, a P/E ratio of -14.56 and a beta of 1.76.

LendingTree (NASDAQ:TREE - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.99 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 analyst estimates of $244.93 million. The company's revenue was up 42.8% on a year-over-year basis. As a group, equities analysts expect that LendingTree, Inc. will post 0.48 earnings per share for the current year.

Insider Buying and Selling

In other news, COO Scott Peyree purchased 9,794 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $46.13 per share, for a total transaction of $451,797.22. Following the acquisition, the chief operating officer now owns 97,566 shares of the company's stock, valued at $4,500,719.58. The trade was a 11.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 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.