HST Ventures LLC increased its stake in LendingTree, Inc. (NASDAQ:TREE – get rating) by 16.3% in the fourth quarter, the company said in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,037 shares of the financial services provider after purchasing an additional 13,472 shares during the period. LendingTree accounts for 1.4% of HST Ventures LLC’s investment portfolio, making the stock its 17th-largest position. HST Ventures LLC owned approximately 0.75% of LendingTree valued at $2,048,000 at the time of the most recent SEC filing.
Several other institutional investors and hedge funds have also recently changed their holdings in the company. Bank of Montreal Can increased its stake in LendingTree by 5.1% in the first quarter. Bank of Montreal Can now owns 3,533 shares of the financial services provider, valued at $434,000, after buying an additional 173 shares during the period. Captrust Financial Advisors increased its stake in LendingTree shares by 59.1% during the second quarter. Captrust Financial Advisors now owns 719 shares of the financial services provider, valued at $32,000, after purchasing an additional 267 shares during the period. Thrivent Financial for Lutherans increased its stake in LendingTree by 4.2% during the third quarter. Thrivent Financial for Lutherans now owns 11,235 shares of the financial services provider, valued at $268,000, after purchasing an additional 449 shares during the period. Credit Suisse AG increased its stake in LendingTree shares by 3.5% in the third quarter. Credit Suisse AG now owns 15,288 shares of the financial services provider, valued at $364,000, after buying an additional 523 shares during the period. Finally, Engineers Gate Manager LP increased its stake in LendingTree shares by 13.8% during the first quarter. Engineers Gate Manager LP now owns 5,362 shares of the financial services firm, valued at $642,000, after purchasing an additional 650 shares during the period. Hedge funds and other institutional investors own 83.16% of the company’s shares.
LendingTree price history
NASDAQ TREE was down $0.83 during Friday trading to hit $17.49. 104,887 shares of the stock traded, compared to an average volume of 284,954. The company has a market cap of $225.80 million, a P/E of -1.35 and a beta of 1.89. The company has a 50-day simple moving average of $24.55 and a 200-day simple moving average of $27.11. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt to equity ratio of 2.71. LendingTree, Inc. has a 12-month low of $16.02 and a 12-month high of $70.59.
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 analyst estimates of $208.13 million. LendingTree had a negative return on equity of 16.17% and a negative net margin of 18.14%. The company’s revenue fell 21.8% year over year in the quarter. In the same period last year, the company generated earnings per share ($1.23). As a group, analysts expect LendingTree, Inc. to report year-to-date earnings per share of -1.95.
Analyst upgrades and downgrades
TREE has been the subject of several recent research reports. Oppenheimer raised its price target on LendingTree to $40.00 from $35.00 and gave the stock a “Outperform” rating in a research note on Tuesday, February 28. Northland Securities lowered its price target on LendingTree from $35.00 to $24.00 in a research note on Wednesday, May 3. Truist Financial lowered its price target on LendingTree from $42.00 to $27.00 in a research note on Wednesday, May 3. Needham & Company LLC increased its price target on LendingTree to $45.00 from $32.00 and gave the stock a buy rating in a research note on Monday, February 27. Finally, Keefe, Bruyette & Woods raised their price target on LendingTree to $34.00 from $25.00 and gave the stock a “Market Performance” rating in a research note on Tuesday, February 28. Three equities research analysts have assigned a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus price target of $34.75.
LendingTree company profile
LendingTree, Inc operates an online credit marketplace for consumers seeking credit and other credit-based offerings. The company operates through the following segments: Household, Consumer and Insurance. The Home segment includes purchase mortgages, refinance mortgages, home equity loans and lines of credit, and reverse mortgage loans and real estate.
Want to see what other hedge funds are holding TREE? Visit HoldingsChannel.com for the latest 13F filings and insider trading for LendingTree, Inc. (NASDAQ:TREE – Get Rating).
This instant news alert was generated using MarketBeat’s narrative science technology and financial data to provide readers with the fastest, most accurate reporting. This story was reviewed by the MarketBeat editorial team before publication. Please send questions or comments about this story to firstname.lastname@example.org.
Before you consider LendingTree, here’s what you should hear.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are secretly telling their clients to buy now, before the broader market finds out… and LendingTree wasn’t on the list.
While LendingTree is currently rated a Moderate Buy by analysts, top analysts are convinced these five stocks are better buys.
Check out the five stocks here