Dimensional Fund Advisors LP decreased its position in shares of LendingTree, Inc. (NASDAQ:TREE) by 0.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 297,391 shares of the financial services provider’s stock after selling 2,193 shares during the period. Dimensional Fund Advisors LP owned about 2.50% of LendingTree worth $37,278,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in LendingTree by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 800 shares of the financial services provider’s stock worth $100,000 after buying an additional 20 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in LendingTree by 14.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,339 shares of the financial services provider’s stock worth $168,000 after buying an additional 168 shares during the last quarter. LS Investment Advisors LLC raised its position in LendingTree by 482.9% in the first quarter. LS Investment Advisors LLC now owns 1,533 shares of the financial services provider’s stock worth $192,000 after buying an additional 1,270 shares during the last quarter. Mason Street Advisors LLC raised its position in LendingTree by 7.4% in the first quarter. Mason Street Advisors LLC now owns 1,689 shares of the financial services provider’s stock worth $212,000 after buying an additional 117 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new position in LendingTree during the first quarter worth about $221,000. 76.37% of the stock is owned by hedge funds and other institutional investors.
Shares of LendingTree, Inc. (NASDAQ:TREE) opened at 229.25 on Friday. The company has a market capitalization of $2.75 billion, a P/E ratio of 107.03 and a beta of 1.58. The company has a 50 day moving average of $180.38 and a 200-day moving average of $142.34. LendingTree, Inc. has a 12-month low of $75.05 and a 12-month high of $231.30.
LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.17. The business had revenue of $152.80 million for the quarter, compared to the consensus estimate of $135.48 million. LendingTree had a net margin of 5.85% and a return on equity of 17.01%. LendingTree’s revenue for the quarter was up 62.0% on a year-over-year basis. During the same period last year, the company posted $0.92 EPS. On average, equities analysts anticipate that LendingTree, Inc. will post $3.82 EPS for the current fiscal year.
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A number of research analysts have issued reports on the stock. Zacks Investment Research lowered shares of LendingTree from a “hold” rating to a “sell” rating in a research note on Thursday. Royal Bank Of Canada boosted their price target on shares of LendingTree from $160.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Stephens restated an “overweight” rating and set a $250.00 price target (up from $200.00) on shares of LendingTree in a research report on Sunday, July 30th. Needham & Company LLC restated a “buy” rating and set a $250.00 price target (up from $200.00) on shares of LendingTree in a research report on Thursday, July 27th. Finally, Bank of America Corporation restated a “buy” rating and set a $190.00 price target (up from $160.00) on shares of LendingTree in a research report on Friday, June 9th. One analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the stock. LendingTree currently has a consensus rating of “Buy” and a consensus target price of $178.07.
In other LendingTree news, President Neil Salvage sold 5,750 shares of the firm’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $149.52, for a total transaction of $859,740.00. Following the sale, the president now directly owns 17,407 shares in the company, valued at approximately $2,602,694.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Steven Ozonian sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 10th. The stock was sold at an average price of $145.26, for a total transaction of $363,150.00. Following the transaction, the director now directly owns 15,446 shares of the company’s stock, valued at $2,243,685.96. The disclosure for this sale can be found here. Insiders have sold a total of 123,895 shares of company stock worth $19,408,591 over the last 90 days. Corporate insiders own 21.90% of the company’s stock.
About LendingTree
LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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