Kestra Private Wealth Services LLC Buys Shares of 17,027 LendingTree, Inc. $TREE

Kestra Private Wealth Services LLC purchased a new position in LendingTree, Inc. (NASDAQ:TREE) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 17,027 shares of the financial services provider’s stock, valued at approximately $730,000. Kestra Private Wealth Services LLC owned approximately 0.12% of LendingTree at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. OP Asset Management Ltd bought a new stake in shares of LendingTree during the 1st quarter worth $34,000. Evolve Private Wealth LLC bought a new position in LendingTree in the first quarter valued at $619,000. Hsbc Holdings PLC raised its position in LendingTree by 49.8% during the fourth quarter. Hsbc Holdings PLC now owns 14,113 shares of the financial services provider’s stock valued at $750,000 after purchasing an additional 4,689 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in LendingTree during the fourth quarter valued at about $659,000. Finally, NewEdge Advisors LLC lifted its stake in LendingTree by 861.5% during the fourth quarter. NewEdge Advisors LLC now owns 3,750 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 3,360 shares during the last quarter. Institutional investors own 68.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on TREE shares. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 price objective on shares of LendingTree in a report on Friday, May 1st. JPMorgan Chase & Co. began coverage on LendingTree in a research report on Tuesday, April 14th. They issued an “overweight” rating and a $50.00 target price for the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of LendingTree in a research note on Wednesday, June 24th. Truist Financial set a $78.00 price target on shares of LendingTree in a research report on Friday, May 1st. Finally, Wall Street Zen downgraded shares of LendingTree from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 21st. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, LendingTree currently has an average rating of “Moderate Buy” and an average target price of $68.60.

LendingTree Trading Up 0.4%

Shares of TREE opened at $45.00 on Friday. The stock has a market capitalization of $627.75 million, a P/E ratio of 3.50 and a beta of 2.00. LendingTree, Inc. has a twelve month low of $32.65 and a twelve month high of $77.35. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.27. The firm has a fifty day simple moving average of $39.53 and a two-hundred day simple moving average of $45.07.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, April 30th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.11). The firm had revenue of $319.07 million during the quarter, compared to analysts’ expectations of $321.32 million. LendingTree had a net margin of 15.02% and a return on equity of 17.01%. LendingTree’s revenue was up 36.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 EPS. On average, research analysts anticipate that LendingTree, Inc. will post 3.64 EPS for the current year.

About LendingTree

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.