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

Invesco Ltd. lowered its position in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 72.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm 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 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Barclays PLC grew its position in shares of LendingTree by 301.5% during the 3rd quarter. Barclays PLC now owns 21,409 shares of the financial services provider's stock valued at $1,244,000 after acquiring an additional 16,077 shares during the period. Hennessy Advisors Inc. lifted its stake in LendingTree by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 242,400 shares of the financial services provider's stock worth $9,393,000 after acquiring an additional 15,400 shares during the last quarter. Empowered Funds LLC raised its holdings in LendingTree by 4.9% during the fourth quarter. Empowered Funds LLC now owns 36,946 shares of the financial services provider's stock worth $1,432,000 after purchasing an additional 1,728 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings 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 valued at $80,000 after acquiring an additional 1,021 shares during the period. Finally, Congress Asset Management Co. grew its stake in shares of LendingTree by 13.4% in the 4th quarter. Congress Asset Management Co. now owns 24,808 shares of the financial services provider's stock valued at $961,000 after purchasing an additional 2,923 shares during the last quarter. Institutional investors and hedge funds own 68.26% of the company's stock.

Analyst Ratings Changes

TREE has been the subject of a number of recent research reports. Keefe, Bruyette & Woods dropped their price objective on LendingTree from $73.00 to $66.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Needham & Company LLC reduced their price objective on LendingTree from $65.00 to $62.00 and set a "buy" rating for the company in a research report on Friday. Northland Capmk raised LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Stephens reissued an "overweight" rating and issued a $69.00 price objective on shares of LendingTree in a research note on Thursday, March 6th. Finally, JPMorgan Chase & Co. raised their price objective on LendingTree from $65.00 to $68.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, LendingTree currently has a consensus rating of "Buy" and an average target price of $65.38.

LendingTree Trading Down 20.1 %

Shares of TREE traded down $10.90 on Friday, reaching $43.22. 3,258,383 shares of the company's stock were exchanged, compared to its average volume of 249,567. 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 $34.55 and a 12 month high of $62.49. The stock has a market capitalization of $584.98 million, a P/E ratio of -16.01 and a beta of 1.76. The business has a 50 day moving average price of $46.90 and a two-hundred day moving average price of $45.32.

LendingTree (NASDAQ:TREE - Get Free Report) last announced its earnings results 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. The firm had revenue of $239.70 million for the quarter, compared to the consensus estimate of $244.93 million. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. LendingTree's revenue for the quarter was up 42.8% compared to the same quarter last year. Research analysts anticipate that LendingTree, Inc. will post 0.48 earnings per share for the current year.

Insider Buying and Selling at LendingTree

In other LendingTree news, COO Scott Peyree bought 9,794 shares of the stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost 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 $4,500,719.58. This trade represents a 11.16 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 23.40% of the company's stock.

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.