Marshall Wace LLP bought a new position in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,678 shares of the financial services provider's stock, valued at approximately $956,000. Marshall Wace LLP owned about 0.18% of LendingTree as of its most recent SEC filing.
A number of other large investors have also modified their holdings of the business. Jump Financial LLC grew its holdings in LendingTree by 301.3% in the 4th quarter. Jump Financial LLC now owns 20,001 shares of the financial services provider's stock valued at $775,000 after buying an additional 15,017 shares in the last quarter. Barclays PLC boosted its position in shares of LendingTree by 199.2% during the 4th quarter. Barclays PLC now owns 64,056 shares of the financial services provider's stock valued at $2,482,000 after acquiring an additional 42,647 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of LendingTree in the fourth quarter valued at about $1,254,000. Federated Hermes Inc. increased its position in LendingTree by 4.4% during the fourth quarter. Federated Hermes Inc. now owns 166,672 shares of the financial services provider's stock worth $6,459,000 after purchasing an additional 7,095 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd raised its stake in LendingTree by 79.4% during the fourth quarter. Dynamic Technology Lab Private Ltd now owns 14,482 shares of the financial services provider's stock worth $561,000 after purchasing an additional 6,408 shares during the period. Hedge funds and other institutional investors own 68.26% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on TREE. JPMorgan Chase & Co. raised their price target on shares of LendingTree from $65.00 to $68.00 and gave the stock an "overweight" rating in a report on Thursday, March 6th. Northland Capmk raised LendingTree from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 21st. Needham & Company LLC lowered their price target on LendingTree from $65.00 to $62.00 and set a "buy" rating for the company in a report on Friday. Northland Securities raised shares of LendingTree from a "market perform" rating to an "outperform" rating and set a $60.00 target price for the company in a research note on Tuesday, January 21st. Finally, StockNews.com downgraded shares of LendingTree from a "strong-buy" rating to a "buy" rating in a research note on Saturday. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, LendingTree has a consensus rating of "Buy" and a consensus price target of $65.38.
Read Our Latest Stock Analysis on TREE
Insider Activity at LendingTree
In other news, COO Scott Peyree purchased 9,794 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $46.13 per share, for a total transaction of $451,797.22. Following the completion of the purchase, the chief operating officer now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 23.40% of the stock is currently owned by company insiders.
LendingTree Stock Down 20.1 %
Shares of TREE traded down $10.90 during mid-day trading on Friday, hitting $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 debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market cap of $584.98 million, a price-to-earnings ratio of -16.01 and a beta of 1.76. The stock's 50-day moving average is $46.90 and its 200-day moving average is $45.32. LendingTree, Inc. has a fifty-two week low of $34.55 and a fifty-two week high of $62.49.
LendingTree (NASDAQ:TREE - Get Free Report) last released its earnings results on Thursday, May 1st. The financial services provider reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.25. The company had revenue of $239.70 million for 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 revenue for the quarter was up 42.8% on a year-over-year basis. On average, sell-side analysts anticipate that LendingTree, Inc. will post 0.48 earnings per share for the current fiscal year.
About LendingTree
(
Free Report)
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.
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