Invesco Ltd. Sells 94,532 Shares of LendingTree, Inc. (NASDAQ:TREE)

Invesco Ltd. trimmed its holdings in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 72.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 35,300 shares of the financial services provider's stock after selling 94,532 shares during the quarter. Invesco Ltd. owned about 0.26% of LendingTree worth $1,368,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in TREE. Trexquant Investment LP increased its holdings in shares of LendingTree by 97.0% in the fourth quarter. Trexquant Investment LP now owns 81,308 shares of the financial services provider's stock worth $3,151,000 after buying an additional 40,038 shares during the period. Victory Capital Management Inc. increased its stake in 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 period. Connor Clark & Lunn Investment Management Ltd. increased its stake in LendingTree by 199.1% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 50,035 shares of the financial services provider's stock worth $1,939,000 after purchasing an additional 33,309 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of LendingTree during the fourth quarter valued at approximately $1,254,000. Finally, ExodusPoint Capital Management LP purchased a new stake in shares of LendingTree during the fourth quarter valued at approximately $989,000. 68.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TREE has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods lowered their price target on shares of LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Northland Capmk upgraded shares of LendingTree from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 21st. StockNews.com downgraded LendingTree from a "strong-buy" rating to a "buy" rating in a report on Saturday. JPMorgan Chase & Co. increased their price objective on LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, March 6th. Finally, Stephens reissued an "overweight" rating and set a $69.00 target price on shares of LendingTree in a research note on Thursday, March 6th. One research analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, LendingTree currently has an average rating of "Buy" and an average price target of $64.13.

Insiders Place Their Bets

In other LendingTree news, COO Scott Peyree bought 9,794 shares of the stock in a transaction dated Thursday, March 13th. The stock was purchased 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 of the company's stock, valued at approximately $4,500,719.58. This trade represents a 11.16 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 23.40% of the company's stock.

LendingTree Stock Down 6.6 %

Shares of NASDAQ TREE traded down $2.63 during mid-day trading on Tuesday, hitting $36.92. 759,980 shares of the stock traded hands, compared to its average volume of 255,519. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. LendingTree, Inc. has a 52 week low of $34.55 and a 52 week high of $62.49. The company has a market cap of $499.71 million, a price-to-earnings ratio of -13.67 and a beta of 1.76. The stock has a fifty day moving average price of $46.84 and a 200-day moving average price of $44.90.

LendingTree (NASDAQ:TREE - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.74 by $0.25. The business had revenue of $239.70 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 42.8% compared to the same quarter last year. Research analysts anticipate that LendingTree, Inc. will post 0.48 EPS for the current year.

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.