Dupont Capital Management Corp acquired a new stake in LendingTree, Inc. (NASDAQ:TREE – Get Rating) stock during the fourth quarter, according to its recent filing with the Securities & Exchange Commission. The fund acquired 7,308 shares of the financial services provider, valued at approximately $156,000. Dupont Capital Management Corp owned about 0.06% of LendingTree at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in LendingTree by 2.2% in the first quarter. Vanguard Group Inc. now owns 1,260,887 shares of the financial services firm valued at $150,890,000 after purchasing an additional 26,934 shares last quarter. Federated Hermes Inc. increased its stake in LendingTree by 2.4% in the third quarter. Federated Hermes Inc. now owns 267,026 shares of the financial services provider, valued at $6,371,000, after purchasing an additional 6,236 shares last quarter. Renaissance Technologies LLC increased its stake in LendingTree by 134.0% in the third quarter. Renaissance Technologies LLC now owns 243,400 shares of the financial services firm valued at $5,808,000 after purchasing an additional 139,400 shares last quarter. Jacobs Levy Equity Management Inc. increased its stake in LendingTree by 82.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 217,735 shares of the financial services provider, valued at $5,195,000, after purchasing an additional 98,669 shares last quarter. Finally, Jupiter Asset Management Ltd. its stake in LendingTree rose 286.7% in the third quarter. Jupiter Asset Management Ltd. now owns 209,301 shares of the financial services provider, valued at $4,994,000, after purchasing an additional 155,183 shares last quarter. 83.16% of the shares are owned by institutional investors and hedge funds.
LendingTree stock down 5.8%
NASDAQ:TREE opened at $23.72 on Thursday. The stock’s 50-day moving average price is $32.74 and its 200-day moving average price is $27.48. LendingTree, Inc. has a 52-week low of $17.59 and a 52-week high of $110.28. The company has a leverage ratio of 3.91, a quick ratio of 5.02 and a current ratio of 5.02. The company has a market cap of $303.85 million, a price to earnings ratio of -1.61 and a beta of 1.91.
LendingTree (NASDAQ:TREE – Get Rating) last released its quarterly earnings data on Monday, February 27th. The financial services firm reported earnings per share (EPS) of $0.38 for the quarter, beating the consensus estimate of ($0.34) by $0.72. The company had revenue of $202.10 million for the quarter, compared to the consensus estimate of $208.13 million. LendingTree had a negative return on equity of 14.55% and a negative net margin of 19.08%. The company’s revenue for the quarter declined 21.8% compared to the same quarter last year. For the same quarter last year, the company generated ($1.23) EPS. On average, analysts expect LendingTree, Inc. to post -3.02 EPS for the year to date.
Insider buying and selling at LendingTree
In other LendingTree news, CEO Douglas R. Lebda bought 65,062 shares of the company’s stock in one transaction on Monday, January 23. The stock was purchased at an average price of $32.03 per share for a total transaction of $2,083,935.86. Following the transaction, the Chief Executive Officer now owns 65,062 shares of the Company, valued at approximately $2,083,935.86. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website. In other LendingTree news, CEO Douglas R. Lebda bought 18,268 shares of the company’s stock in one transaction on Monday, January 30th. The stock was purchased at an average price of $38.63 per share for a total transaction of $705,692.84. Following the transaction, the Chief Executive Officer now owns 214,859 shares of the Company, valued at approximately $8,300,003.17. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC’s website. Also, CEO Douglas R. Lebda acquired 65,062 shares of the stock in a transaction that took place on Monday, January 23. The stock was purchased at an average price of $32.03 per share for a total value of $2,083,935.86. Following the transaction, the Chief Executive Officer now owns 65,062 shares of the Company, valued at $2,083,935.86. The disclosure for this purchase can be found here. Company insiders own 17.90% of the company’s shares.
Wall Street analyst ponders
TREE has been the subject of several recent analyst reports. Susquehanna downgraded LendingTree from a “positive” rating to a “neutral” rating in a report Tuesday, February 28, and lowered the price target on the stock to $36.00 from $46.00. Stephens issued an “overweight” rating and a price target of $48.00 on shares of LendingTree in a report on Thursday, March 30. Bank of America lowered its target price on LendingTree to $43.00 from $53.00 and gave the stock a “buy” rating in a report Tuesday, February 28. StockNews.com began reporting on LendingTree on Thursday, March 16th. They gave the stock a “hold” rating. Finally, Needham & Company LLC increased its price target on LendingTree to $45.00 from $32.00 and gave the stock a “buy” rating in a report on Monday, February 27. Four research analysts have assigned a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $69.56.
LendingTree profile
(received rating)
LendingTree, Inc operates an online credit marketplace for consumers seeking credit and other credit-based offerings. It operates through the following segments: Household, Consumer and Insurance. The Home segment refers to purchase mortgages, refinance mortgages, home equity loans and lines of credit, and reverse mortgage loans and real estate.
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