Janus Henderson Group PLC reduced its stake in Lendingtree Inc (NASDAQ:TREE) by 28.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,079 shares of the financial services provider’s stock after selling 43,934 shares during the period. Janus Henderson Group PLC owned about 0.93% of Lendingtree worth $27,153,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Lendingtree by 45.6% in the second quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock worth $92,333,000 after purchasing an additional 167,933 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in Lendingtree by 1,264.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 129,600 shares of the financial services provider’s stock worth $22,317,000 after acquiring an additional 120,100 shares in the last quarter. Baillie Gifford & Co. lifted its holdings in shares of Lendingtree by 39.7% during the second quarter. Baillie Gifford & Co. now owns 336,171 shares of the financial services provider’s stock valued at $57,889,000 after purchasing an additional 95,471 shares in the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Lendingtree by 55.6% during the third quarter. Macquarie Group Ltd. now owns 221,383 shares of the financial services provider’s stock valued at $54,117,000 after purchasing an additional 79,065 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new position in shares of Lendingtree during the second quarter valued at $5,187,000. 71.68% of the stock is currently owned by institutional investors and hedge funds.
TREE has been the subject of a number of research reports. Zacks Investment Research cut Lendingtree from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Stephens upped their price objective on Lendingtree from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. BWS Financial cut Lendingtree from a “buy” rating to a “sell” rating and set a $194.00 price target for the company. in a research report on Thursday, October 12th. Bank of America upped their price target on Lendingtree from $250.00 to $285.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Finally, Northland Securities reiterated a “buy” rating and set a $280.00 target price on shares of Lendingtree in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Lendingtree currently has an average rating of “Buy” and an average target price of $278.08.
Lendingtree Inc (NASDAQ:TREE) traded up $1.70 on Friday, reaching $364.00. The company’s stock had a trading volume of 99,417 shares, compared to its average volume of 226,440. The stock has a market cap of $4,360.00, a P/E ratio of 143.87, a P/E/G ratio of 2.15 and a beta of 1.54. Lendingtree Inc has a one year low of $102.40 and a one year high of $370.73. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86.
Lendingtree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, topping the 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 company had revenue of $171.50 million for the quarter, compared to the consensus estimate of $157.97 million. During the same period last year, the business posted $0.80 EPS. Lendingtree’s quarterly revenue was up 81.3% on a year-over-year basis. equities analysts anticipate that Lendingtree Inc will post 3.06 EPS for the current year.
In other Lendingtree news, CEO Douglas R. Lebda sold 12,000 shares of Lendingtree stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $272.31, for a total transaction of $3,267,720.00. Following the completion of the sale, the chief executive officer now owns 432,715 shares of the company’s stock, valued at approximately $117,832,621.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Douglas R. Lebda sold 16,000 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $275.00, for a total value of $4,400,000.00. Following the completion of the transaction, the chief executive officer now directly owns 453,418 shares of the company’s stock, valued at approximately $124,689,950. The disclosure for this sale can be found here. Insiders sold a total of 129,374 shares of company stock valued at $38,061,646 in the last three months. Insiders own 21.90% of the company’s stock.
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Lendingtree Company 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.
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