Lendingtree (TREE) Upgraded to Hold by BidaskClub

Lendingtree (NASDAQ:TREE) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Friday.

A number of other research firms also recently commented on TREE. Zacks Investment Research upgraded shares of Lendingtree from a “hold” rating to a “buy” rating and set a $253.00 price target on the stock in a research report on Tuesday, September 25th. Deutsche Bank dropped their price target on shares of Lendingtree from $290.00 to $270.00 and set a “hold” rating on the stock in a research report on Thursday, August 16th. Northland Securities downgraded shares of Lendingtree from an “outperform” rating to a “market perform” rating in a research report on Friday, July 27th. Royal Bank of Canada restated a “buy” rating on shares of Lendingtree in a research report on Friday, July 27th. Finally, Compass Point restated a “hold” rating and set a $250.00 price target on shares of Lendingtree in a research report on Friday, July 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $330.13.

TREE stock opened at $250.40 on Friday. 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 price-to-earnings ratio of 82.91, a P/E/G ratio of 1.28 and a beta of 2.11. 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 (NASDAQ:TREE) last released its quarterly earnings results on Thursday, November 1st. The financial services provider reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.61. 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 the consensus estimate of $199.28 million. During the same period in the previous year, the firm earned $1.17 EPS. Lendingtree’s revenue was up 14.9% on a year-over-year basis. On average, research analysts expect that Lendingtree will post 3.62 EPS for the current year.

In related news, Director Peter Horan sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $244.51, for a total value of $244,510.00. Following the sale, the director now directly owns 24,015 shares in the company, valued at approximately $5,871,907.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 20.50% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. raised its holdings in shares of Lendingtree by 5.0% in the 2nd quarter. Baillie Gifford & Co. now owns 1,330,086 shares of the financial services provider’s stock worth $284,373,000 after purchasing an additional 63,369 shares in the last quarter. Nikko Asset Management Americas Inc. raised its holdings in shares of Lendingtree by 47.4% in the 3rd quarter. Nikko Asset Management Americas Inc. now owns 561,873 shares of the financial services provider’s stock worth $129,231,000 after purchasing an additional 180,718 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Lendingtree by 38.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 377,933 shares of the financial services provider’s stock worth $80,802,000 after purchasing an additional 104,835 shares in the last quarter. Macquarie Group Ltd. raised its holdings in shares of Lendingtree by 84.2% in the 2nd quarter. Macquarie Group Ltd. now owns 353,187 shares of the financial services provider’s stock worth $75,511,000 after purchasing an additional 161,407 shares in the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Lendingtree by 38.1% in the 1st quarter. Allianz Asset Management GmbH now owns 301,365 shares of the financial services provider’s stock worth $98,893,000 after purchasing an additional 83,215 shares in the last quarter. Institutional investors and hedge funds own 84.86% of the company’s stock.

Lendingtree Company Profile

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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