American Century Companies Inc. Takes $2.67 Million Position in LendingTree, Inc. (TREE)

American Century Companies Inc. acquired a new stake in shares of LendingTree, Inc. (NASDAQ:TREE) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,907 shares of the financial services provider’s stock, valued at approximately $2,666,000. American Century Companies Inc. owned about 0.09% of LendingTree at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of TREE. BlackRock Inc. lifted its stake in shares of LendingTree by 117,777.8% in the 1st quarter. BlackRock Inc. now owns 823,966 shares of the financial services provider’s stock valued at $103,284,000 after purchasing an additional 823,267 shares during the period. Vanguard Group Inc. lifted its stake in shares of LendingTree by 45.6% in the 2nd quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock valued at $92,333,000 after purchasing an additional 167,933 shares during the period. Baillie Gifford & Co. lifted its stake in shares of LendingTree by 3.2% in the 3rd quarter. Baillie Gifford & Co. now owns 346,828 shares of the financial services provider’s stock valued at $84,782,000 after purchasing an additional 10,657 shares during the period. Dimensional Fund Advisors LP increased its position in LendingTree by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 316,069 shares of the financial services provider’s stock valued at $54,428,000 after buying an additional 18,678 shares in the last quarter. Finally, State Street Corp increased its position in LendingTree by 6.8% during the 2nd quarter. State Street Corp now owns 165,642 shares of the financial services provider’s stock valued at $28,527,000 after buying an additional 10,547 shares in the last quarter. Institutional investors own 72.11% of the company’s stock.

TREE has been the subject of several research analyst reports. Oppenheimer lifted their price objective on LendingTree to $340.00 and gave the stock an “outperform” rating in a report on Friday, December 1st. Northland Securities reiterated a “buy” rating and set a $280.00 target price on shares of LendingTree in a research report on Thursday, October 26th. Zacks Investment Research upgraded LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 target price on the stock in a research report on Thursday, November 2nd. Citigroup reissued an “outperform” rating and set a $290.00 price objective on shares of LendingTree in a research note on Friday, October 27th. Finally, Stephens boosted their price objective on LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, ten have given a buy rating and one has issued a strong buy rating to the stock. LendingTree presently has an average rating of “Buy” and a consensus price target of $251.25.

In other news, CEO Douglas R. Lebda sold 4,000 shares of the stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $236.51, for a total transaction of $946,040.00. Following the sale, the chief executive officer now directly owns 489,408 shares of the company’s stock, valued at approximately $115,749,886.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Carla Shumate sold 2,414 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $275.00, for a total transaction of $663,850.00. Following the sale, the chief accounting officer now directly owns 4,841 shares in the company, valued at $1,331,275. The disclosure for this sale can be found here. Insiders have sold a total of 83,374 shares of company stock worth $22,754,606 over the last ninety days. 21.90% of the stock is owned by insiders.

Shares of LendingTree, Inc. (NASDAQ TREE) opened at $305.20 on Wednesday. LendingTree, Inc. has a twelve month low of $96.20 and a twelve month high of $316.25. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $3,631.33, a price-to-earnings ratio of 92.22, a PEG ratio of 3.08 and a beta of 1.54.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The firm had revenue of $171.50 million during the quarter, compared to analyst estimates of $157.97 million. During the same quarter in the prior year, the business posted $0.80 EPS. The business’s revenue for the quarter was up 81.3% compared to the same quarter last year. sell-side analysts expect that LendingTree, Inc. will post 3.06 earnings per share for the current year.

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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.

Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

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