LS Investment Advisors LLC raised its position in LendingTree, Inc. (NASDAQ:TREE) by 39.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,119 shares of the financial services provider’s stock after buying an additional 601 shares during the quarter. LS Investment Advisors LLC’s holdings in LendingTree were worth $518,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Meeder Asset Management Inc. grew its stake in shares of LendingTree by 2,685.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 752 shares during the period. SG Americas Securities LLC acquired a new stake in LendingTree in the 2nd quarter valued at about $148,000. Seven Eight Capital LP acquired a new stake in LendingTree in the 2nd quarter valued at about $207,000. Verition Fund Management LLC acquired a new stake in LendingTree in the 2nd quarter valued at about $210,000. Finally, Profund Advisors LLC acquired a new stake in LendingTree in the 2nd quarter valued at about $210,000. 70.55% of the stock is currently owned by institutional investors.
In related news, CEO Douglas R. Lebda sold 16,000 shares of LendingTree stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $275.00, for a total transaction of $4,400,000.00. Following the transaction, the chief executive officer now directly owns 453,418 shares of the company’s stock, valued at $124,689,950. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Gabriel Dalporto sold 2,221 shares of LendingTree stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $267.87, for a total value of $594,939.27. Following the completion of the transaction, the director now directly owns 1,194 shares in the company, valued at approximately $319,836.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,810 shares of company stock worth $13,425,828. 21.90% of the stock is owned by corporate insiders.
A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 price objective on the stock in a research note on Thursday, November 2nd. BWS Financial lowered shares of LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price objective on the stock. in a report on Thursday, October 12th. Bank of America Corporation increased their target price on shares of LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Citigroup Inc. reissued an “outperform” rating and set a $290.00 target price on shares of LendingTree in a research report on Friday, October 27th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $280.00 price objective on shares of LendingTree in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $247.08.
LendingTree, Inc. (NASDAQ:TREE) traded down $0.50 during mid-day trading on Friday, reaching $257.75. The company’s stock had a trading volume of 94,600 shares, compared to its average volume of 189,644. LendingTree, Inc. has a 12 month low of $87.16 and a 12 month high of $280.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86. The company has a market capitalization of $3,090.94, a PE ratio of 78.50, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51.
LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.20. The business had revenue of $171.50 million for the quarter, compared to analysts’ expectations of $157.97 million. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The company’s revenue was up 81.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.80 earnings per share. analysts predict that LendingTree, Inc. will post 3.06 EPS for the current fiscal year.
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LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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