LendingTree (TREE) Stake Lifted by Baillie Gifford & Co.

Baillie Gifford & Co. boosted its position in LendingTree (NASDAQ:TREE) by 81.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,266,717 shares of the financial services provider’s stock after buying an additional 567,195 shares during the quarter. Baillie Gifford & Co. owned approximately 10.14% of LendingTree worth $415,673,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in LendingTree by 34.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 639 shares of the financial services provider’s stock worth $218,000 after buying an additional 165 shares in the last quarter. Meadow Creek Investment Management LLC boosted its stake in LendingTree by 16.7% in the fourth quarter. Meadow Creek Investment Management LLC now owns 1,190 shares of the financial services provider’s stock worth $405,000 after buying an additional 170 shares in the last quarter. Aperio Group LLC boosted its stake in LendingTree by 22.2% in the fourth quarter. Aperio Group LLC now owns 1,006 shares of the financial services provider’s stock worth $342,000 after buying an additional 183 shares in the last quarter. Advisor Group Inc. boosted its stake in LendingTree by 36.2% in the fourth quarter. Advisor Group Inc. now owns 718 shares of the financial services provider’s stock worth $244,000 after buying an additional 191 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its stake in LendingTree by 7.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 2,969 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 202 shares in the last quarter. 78.55% of the stock is owned by institutional investors and hedge funds.

Shares of TREE stock opened at $265.45 on Wednesday. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.73. LendingTree has a fifty-two week low of $152.08 and a fifty-two week high of $404.40. The company has a market capitalization of $3.48 billion, a price-to-earnings ratio of 87.90, a P/E/G ratio of 2.14 and a beta of 1.77.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, April 26th. The financial services provider reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.02). LendingTree had a net margin of 6.04% and a return on equity of 11.81%. The company had revenue of $181.00 million during the quarter, compared to the consensus estimate of $174.13 million. During the same quarter in the previous year, the firm posted $0.85 EPS. The business’s revenue for the quarter was up 36.6% compared to the same quarter last year. equities analysts predict that LendingTree will post 3.37 EPS for the current year.

LendingTree declared that its Board of Directors has approved a share repurchase plan on Thursday, February 22nd that allows the company to buyback $100.00 million in shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

Several analysts have issued reports on TREE shares. Bank of America reaffirmed a “buy” rating and issued a $425.00 target price on shares of LendingTree in a research note on Tuesday, January 23rd. SunTrust Banks started coverage on LendingTree in a research note on Tuesday, January 23rd. They issued a “hold” rating for the company. Zacks Investment Research raised LendingTree from a “sell” rating to a “buy” rating and set a $362.00 target price for the company in a research note on Wednesday, April 25th. UBS raised LendingTree from a “neutral” rating to a “buy” rating and set a $375.00 target price for the company in a research note on Monday, May 7th. Finally, BidaskClub lowered LendingTree from a “buy” rating to a “hold” rating in a research note on Thursday, April 5th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $339.57.

In other LendingTree news, Director Steven Ozonian sold 276 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $360.00, for a total value of $99,360.00. Following the completion of the sale, the director now owns 8,603 shares in the company, valued at $3,097,080. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Douglas R. Lebda sold 14,750 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of $324.56, for a total value of $4,787,260.00. Following the completion of the sale, the chief executive officer now owns 532,076 shares of the company’s stock, valued at approximately $172,690,586.56. The disclosure for this sale can be found here. Insiders sold 229,587 shares of company stock valued at $68,832,836 in the last quarter. Corporate insiders own 20.50% of the company’s stock.

About LendingTree

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

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