Arrowstreet Capital Limited Partnership acquired a new position in LendingTree, Inc. (NASDAQ:TREE) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,850 shares of the financial services provider’s stock, valued at approximately $1,885,000. Arrowstreet Capital Limited Partnership owned 0.07% of LendingTree as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also modified their holdings of TREE. Norges Bank purchased a new position in LendingTree in the fourth quarter worth approximately $26,713,000. TimesSquare Capital Management LLC grew its position in LendingTree by 22.4% in the first quarter. TimesSquare Capital Management LLC now owns 407,774 shares of the financial services provider’s stock worth $86,856,000 after acquiring an additional 74,505 shares during the period. Baillie Gifford & Co. grew its position in LendingTree by 5.2% in the first quarter. Baillie Gifford & Co. now owns 1,418,251 shares of the financial services provider’s stock worth $302,088,000 after acquiring an additional 69,557 shares during the period. Voloridge Investment Management LLC purchased a new position in LendingTree in the fourth quarter worth approximately $8,521,000. Finally, HighTower Advisors LLC purchased a new position in shares of LendingTree during the first quarter worth $5,816,000.
TREE has been the subject of several research analyst reports. Oppenheimer lowered their price target on LendingTree from $325.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, July 16th. Northland Securities upgraded LendingTree from a “market perform” rating to an “outperform” rating and set a $225.00 price target for the company in a research report on Thursday, May 20th. Finally, Needham & Company LLC lowered their price target on LendingTree from $375.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, April 29th. Six investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $319.29.
LendingTree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, April 29th. The financial services provider reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.21) by $1.39. The business had revenue of $272.75 million for the quarter, compared to analysts’ expectations of $265.77 million. LendingTree had a negative return on equity of 7.47% and a negative net margin of 4.85%. As a group, sell-side analysts expect that LendingTree, Inc. will post -3.21 earnings per share for the current fiscal year.
LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.
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