Lendingtree (NASDAQ:TREE) posted its quarterly earnings results on Thursday. The financial services provider reported $1.92 EPS for the quarter, beating the consensus estimate of $1.91 by $0.01, Briefing.com reports. Lendingtree had a net margin of 10.82% and a return on equity of 12.09%. The company had revenue of $197.10 million for the quarter, compared to analyst estimates of $199.28 million. During the same period in the prior year, the company earned $1.17 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. Lendingtree updated its FY 2018 guidance to EPS.
TREE stock opened at $250.40 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.59 and a current ratio of 3.59. Lendingtree has a 52-week low of $183.25 and a 52-week high of $404.40. The stock has a market cap of $2.49 billion, a PE ratio of 82.91, a PEG ratio of 1.28 and a beta of 2.11.
Several equities research analysts have commented on TREE shares. ValuEngine lowered shares of Lendingtree from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Northland Securities lowered shares of Lendingtree from an “outperform” rating to a “market perform” rating in a report on Friday, July 27th. Zacks Investment Research lowered shares of Lendingtree from a “buy” rating to a “hold” rating in a report on Wednesday, September 26th. BidaskClub lowered shares of Lendingtree from a “hold” rating to a “sell” rating in a report on Thursday, August 9th. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Lendingtree in a report on Friday, July 27th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Lendingtree presently has an average rating of “Hold” and a consensus price target of $330.13.
In other news, Director Peter Horan sold 1,000 shares of the stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $244.51, for a total transaction of $244,510.00. Following the sale, the director now directly owns 24,015 shares of the company’s stock, valued at approximately $5,871,907.65. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 20.50% of the company’s stock.
Several hedge funds have recently bought and sold shares of TREE. Xact Kapitalforvaltning AB boosted its stake in shares of Lendingtree by 43.7% during the 1st quarter. Xact Kapitalforvaltning AB now owns 986 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 300 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in Lendingtree by 38.1% in the 1st quarter. Allianz Asset Management GmbH now owns 301,365 shares of the financial services provider’s stock valued at $98,893,000 after buying an additional 83,215 shares in the last quarter. Spence Asset Management lifted its stake in Lendingtree by 5.2% in the 2nd quarter. Spence Asset Management now owns 11,078 shares of the financial services provider’s stock valued at $2,367,000 after buying an additional 550 shares in the last quarter. Empowered Funds LLC lifted its stake in Lendingtree by 83.3% in the 2nd quarter. Empowered Funds LLC now owns 6,036 shares of the financial services provider’s stock valued at $1,268,000 after buying an additional 2,743 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Lendingtree by 16.1% in the 2nd quarter. Bank of Montreal Can now owns 7,485 shares of the financial services provider’s stock valued at $1,600,000 after buying an additional 1,036 shares in the last quarter. 84.86% of the stock is currently owned by institutional investors and hedge funds.
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.
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