Rhumbline Advisers Buys 698 Shares of LendingTree, Inc. (NASDAQ:TREE)

Rhumbline Advisers increased its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 4.9% during the 1st quarter, Holdings Channel.com reports. The fund owned 14,879 shares of the financial services provider’s stock after purchasing an additional 698 shares during the quarter. Rhumbline Advisers’ holdings in LendingTree were worth $748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of TREE. Marshall Wace LLP purchased a new stake in LendingTree in the 4th quarter worth approximately $956,000. Raymond James Financial Inc. purchased a new stake in LendingTree in the 4th quarter worth approximately $1,254,000. Deutsche Bank AG lifted its holdings in LendingTree by 280.6% in the 4th quarter. Deutsche Bank AG now owns 25,242 shares of the financial services provider’s stock worth $978,000 after buying an additional 18,610 shares during the period. Barclays PLC lifted its holdings in LendingTree by 199.2% in the 4th quarter. Barclays PLC now owns 64,056 shares of the financial services provider’s stock worth $2,482,000 after buying an additional 42,647 shares during the period. Finally, Asset Management One Co. Ltd. lifted its holdings in LendingTree by 101.5% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,021 shares during the period. 68.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on TREE. Wall Street Zen cut LendingTree from a “buy” rating to a “hold” rating in a report on Sunday, May 11th. Keefe, Bruyette & Woods dropped their price objective on LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Stephens reiterated an “overweight” rating and issued a $69.00 price objective on shares of LendingTree in a report on Thursday, March 6th. Truist Financial lowered their target price on LendingTree from $72.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Finally, JPMorgan Chase & Co. raised their target price on LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.13.

Insider Buying and Selling at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 1,250 shares of LendingTree stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $36.24, for a total transaction of $45,300.00. Following the completion of the transaction, the general counsel now owns 2,028 shares in the company, valued at approximately $73,494.72. The trade was a 38.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 23.10% of the stock is owned by company insiders.

LendingTree Trading Up 0.8%

TREE opened at $34.87 on Friday. The stock has a market cap of $471.79 million, a PE ratio of -8.44 and a beta of 1.61. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 3.74. The business has a 50 day moving average of $39.73 and a 200-day moving average of $42.19. LendingTree, Inc. has a 52 week low of $33.50 and a 52 week high of $62.49.

LendingTree (NASDAQ:TREE) last released its earnings results on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.25. The company had revenue of $239.70 million during the quarter, compared to analysts’ expectations of $244.93 million. LendingTree had a positive return on equity of 14.76% and a negative net margin of 5.67%. The company’s revenue was up 42.8% on a year-over-year basis. Equities research analysts predict that LendingTree, Inc. will post 0.48 earnings per share for the current fiscal year.

LendingTree Company Profile

LendingTree, Inc, through its subsidiary, 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, and home equity loans and lines of credit; and real estate brokerage services.