Toronto Dominion Bank Sells 34 Shares of Lendingtree Inc (NASDAQ:TREE)

Toronto Dominion Bank trimmed its position in shares of Lendingtree Inc (NASDAQ:TREE) by 13.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 224 shares of the financial services provider’s stock after selling 34 shares during the quarter. Toronto Dominion Bank’s holdings in Lendingtree were worth $94,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TREE. Geode Capital Management LLC raised its holdings in Lendingtree by 1.0% in the 4th quarter. Geode Capital Management LLC now owns 114,460 shares of the financial services provider’s stock worth $25,131,000 after purchasing an additional 1,170 shares during the period. Emerald Mutual Fund Advisers Trust grew its position in shares of Lendingtree by 1.9% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 96,949 shares of the financial services provider’s stock valued at $40,721,000 after purchasing an additional 1,850 shares in the last quarter. Scout Investments Inc. grew its position in shares of Lendingtree by 2.6% during the second quarter. Scout Investments Inc. now owns 66,169 shares of the financial services provider’s stock valued at $27,793,000 after purchasing an additional 1,695 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of Lendingtree by 1.9% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 43,910 shares of the financial services provider’s stock valued at $18,444,000 after purchasing an additional 800 shares in the last quarter. Finally, Redwood Investments LLC grew its position in shares of Lendingtree by 3.2% during the second quarter. Redwood Investments LLC now owns 43,870 shares of the financial services provider’s stock valued at $18,427,000 after purchasing an additional 1,356 shares in the last quarter. 77.60% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Sushil Sharma sold 2,128 shares of the business’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $317.03, for a total transaction of $674,639.84. Following the sale, the insider now directly owns 8,097 shares of the company’s stock, valued at $2,566,991.91. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, President Neil Salvage sold 20,405 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $435.37, for a total transaction of $8,883,724.85. Following the sale, the president now directly owns 14,506 shares in the company, valued at $6,315,477.22. The disclosure for this sale can be found here. Insiders sold 27,016 shares of company stock worth $11,351,290 over the last ninety days. Corporate insiders own 17.90% of the company’s stock.

NASDAQ:TREE traded down $0.32 during trading hours on Friday, reaching $325.14. The company’s stock had a trading volume of 12,273 shares, compared to its average volume of 160,980. The company has a market capitalization of $4.22 billion, a P/E ratio of 36.61, a price-to-earnings-growth ratio of 11.59 and a beta of 2.14. Lendingtree Inc has a 12 month low of $183.25 and a 12 month high of $434.94. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 0.67. The stock has a 50 day moving average price of $309.20 and a two-hundred day moving average price of $359.78.

Lendingtree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.50. Lendingtree had a net margin of 3.63% and a return on equity of 12.54%. The company had revenue of $278.40 million during the quarter, compared to the consensus estimate of $267.46 million. During the same quarter in the previous year, the firm posted $1.47 earnings per share. Lendingtree’s revenue for the quarter was up 51.2% compared to the same quarter last year. As a group, analysts predict that Lendingtree Inc will post 1.22 EPS for the current fiscal year.

A number of research analysts have recently weighed in on TREE shares. ValuEngine lowered Lendingtree from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Susquehanna Bancshares upgraded Lendingtree from a “neutral” rating to a “positive” rating in a research report on Thursday, July 25th. BidaskClub upgraded Lendingtree from a “strong sell” rating to a “sell” rating in a research report on Friday, September 13th. Oppenheimer raised their price objective on Lendingtree from $440.00 to $465.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Finally, TheStreet lowered Lendingtree from a “b” rating to a “c+” rating in a research report on Monday, July 29th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $367.00.

Lendingtree Company Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans 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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Institutional Ownership by Quarter for Lendingtree (NASDAQ:TREE)

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