LendingTree, Inc. (NASDAQ:TREE) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of LendingTree, Inc. (NASDAQ:TREE) by 38.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,800 shares of the financial services provider’s stock after buying an additional 50,200 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned 1.50% of LendingTree worth $43,952,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Renaissance Group LLC boosted its holdings in LendingTree by 2.4% in the second quarter. Renaissance Group LLC now owns 2,859 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 68 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in LendingTree by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 5,059 shares of the financial services provider’s stock worth $871,000 after acquiring an additional 70 shares during the period. Texas Permanent School Fund raised its position in shares of LendingTree by 1.7% during the 2nd quarter. Texas Permanent School Fund now owns 5,319 shares of the financial services provider’s stock valued at $916,000 after purchasing an additional 90 shares during the period. Municipal Employees Retirement System of Michigan raised its position in shares of LendingTree by 5.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 90 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in shares of LendingTree by 3.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 3,000 shares of the financial services provider’s stock valued at $517,000 after purchasing an additional 100 shares during the period. Hedge funds and other institutional investors own 72.11% of the company’s stock.

A number of brokerages have issued reports on TREE. Oppenheimer lifted their price target on shares of LendingTree to $340.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Zacks Investment Research raised shares of LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 price objective for the company in a research note on Thursday, November 2nd. BWS Financial cut shares of LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price target for the company. in a research note on Thursday, October 12th. Bank of America lifted their price target on shares of LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, Citigroup reaffirmed an “outperform” rating and set a $290.00 price target on shares of LendingTree in a research note on Friday, October 27th. One 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 a consensus rating of “Buy” and an average price target of $251.25.

In other news, insider Nikul Patel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $300.00, for a total value of $300,000.00. Following the completion of the sale, the insider now owns 4,953 shares in the company, valued at approximately $1,485,900. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Neil Salvage sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $267.08, for a total transaction of $400,620.00. Following the transaction, the president now owns 12,907 shares of the company’s stock, valued at approximately $3,447,201.56. The disclosure for this sale can be found here. Insiders have sold a total of 83,374 shares of company stock valued at $22,754,606 in the last quarter. 21.90% of the stock is currently owned by company insiders.

Shares of LendingTree, Inc. (TREE) traded up $1.70 on Wednesday, reaching $306.90. 190,336 shares of the company were exchanged, compared to its average volume of 192,214. LendingTree, Inc. has a one year low of $96.20 and a one year high of $316.25. The company has a market cap of $3,631.33, a price-to-earnings ratio of 92.22, a price-to-earnings-growth ratio of 3.08 and a beta of 1.54. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78.

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