EAM Investors LLC Has $2.56 Million Position in LendingTree, Inc. (NASDAQ:TREE)

EAM Investors LLC cut its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 35.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,450 shares of the financial services provider’s stock after selling 5,762 shares during the quarter. EAM Investors LLC owned 0.09% of LendingTree worth $2,555,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of TREE. Teachers Advisors LLC increased its stake in shares of LendingTree by 7.7% in the first quarter. Teachers Advisors LLC now owns 11,399 shares of the financial services provider’s stock worth $1,429,000 after buying an additional 811 shares during the period. Vanguard Group Inc. increased its stake in shares of LendingTree by 5.8% in the first quarter. Vanguard Group Inc. now owns 368,264 shares of the financial services provider’s stock worth $46,161,000 after buying an additional 20,330 shares during the period. Geode Capital Management LLC increased its stake in shares of LendingTree by 6.6% in the first quarter. Geode Capital Management LLC now owns 58,884 shares of the financial services provider’s stock worth $7,381,000 after buying an additional 3,623 shares during the period. BlackRock Inc. increased its stake in shares of LendingTree by 117,777.8% in the first quarter. BlackRock Inc. now owns 823,966 shares of the financial services provider’s stock worth $103,284,000 after buying an additional 823,267 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of LendingTree by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 30,655 shares of the financial services provider’s stock worth $3,843,000 after buying an additional 1,704 shares during the period. 72.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of brokerages have issued reports on TREE. Oppenheimer boosted their price objective on shares of LendingTree to $340.00 and gave the company an “outperform” rating in a research report on Friday, December 1st. 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 report on Thursday, November 2nd. BWS Financial downgraded shares of LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price objective on the stock. in a research report on Thursday, October 12th. Bank of America boosted their price objective on shares of LendingTree from $250.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Citigroup reissued an “outperform” rating and set a $290.00 price objective on shares of LendingTree in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. LendingTree has an average rating of “Buy” and a consensus target price of $251.25.

In other news, President Neil Salvage sold 1,500 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $267.08, for a total transaction of $400,620.00. Following the completion of the sale, the president now owns 12,907 shares of the company’s stock, valued at approximately $3,447,201.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas R. Lebda sold 4,000 shares of the company’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $222.64, for a total transaction of $890,560.00. Following the sale, the chief executive officer now directly owns 484,992 shares of the company’s stock, valued at approximately $107,978,618.88. The disclosure for this sale can be found here. In the last three months, insiders sold 89,374 shares of company stock valued at $24,608,606. 21.90% of the stock is owned by insiders.

Shares of LendingTree, Inc. (NASDAQ:TREE) traded up $4.35 during trading on Thursday, reaching $311.25. 125,279 shares of the company were exchanged, compared to its average volume of 191,925. LendingTree, Inc. has a 52 week low of $96.20 and a 52 week high of $316.60. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78. The company has a market cap of $3,652.88, a PE ratio of 92.77, a price-to-earnings-growth ratio of 2.74 and a beta of 1.54.

LendingTree (NASDAQ:TREE) last issued its earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The business had revenue of $171.50 million during the quarter, compared to analyst estimates of $157.97 million. During the same quarter in the previous year, the firm earned $0.80 EPS. LendingTree’s revenue was up 81.3% on a year-over-year basis. research analysts anticipate that LendingTree, Inc. will post 3.06 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This article was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this article on another publication, it was stolen and reposted in violation of US and international copyright law. The original version of this article can be viewed at https://www.dispatchtribunal.com/2017/12/07/eam-investors-llc-trims-stake-in-lendingtree-inc-tree.html.

LendingTree Profile

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.

Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

Receive News & Ratings for LendingTree Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingTree Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply