Barclays PLC Has $408,000 Stock Holdings in LendingTree, Inc. (NASDAQ:TREE)

Barclays PLC lessened its stake in LendingTree, Inc. (NASDAQ:TREE) by 8.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 15,274 shares of the financial services provider’s stock after selling 1,393 shares during the quarter. Barclays PLC owned 0.12% of LendingTree worth $408,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TREE. Two Sigma Investments LP increased its stake in shares of LendingTree by 206.3% during the 3rd quarter. Two Sigma Investments LP now owns 199,350 shares of the financial services provider’s stock worth $4,756,000 after purchasing an additional 134,257 shares during the last quarter. Two Sigma Advisers LP increased its stake in shares of LendingTree by 253.3% during the 3rd quarter. Two Sigma Advisers LP now owns 180,200 shares of the financial services provider’s stock worth $4,300,000 after purchasing an additional 129,200 shares during the last quarter. Nordea Investment Management AB increased its stake in shares of LendingTree by 63.8% during the 1st quarter. Nordea Investment Management AB now owns 215,438 shares of the financial services provider’s stock worth $5,567,000 after purchasing an additional 83,875 shares during the last quarter. Norges Bank acquired a new position in shares of LendingTree during the 4th quarter worth $1,749,000. Finally, Mariner LLC acquired a new position in shares of LendingTree during the 1st quarter worth $7,128,000. Institutional investors and hedge funds own 70.22% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. StockNews.com began coverage on shares of LendingTree in a research note on Thursday, August 17th. They set a “buy” rating on the stock. Susquehanna lowered their target price on shares of LendingTree from $36.00 to $17.00 in a research note on Wednesday, May 3rd. Truist Financial lowered their target price on shares of LendingTree from $42.00 to $27.00 in a research note on Wednesday, May 3rd. Northland Securities lowered their target price on shares of LendingTree from $35.00 to $24.00 in a research note on Wednesday, May 3rd. Finally, Needham & Company LLC raised their target price on shares of LendingTree from $20.00 to $27.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $32.50.

LendingTree Price Performance

Shares of LendingTree stock opened at $19.05 on Wednesday. The firm has a fifty day moving average price of $22.31 and a two-hundred day moving average price of $24.34. The company has a market cap of $247.65 million, a PE ratio of -1.56 and a beta of 1.92. LendingTree, Inc. has a fifty-two week low of $16.02 and a fifty-two week high of $47.82. The company has a debt-to-equity ratio of 2.59, a current ratio of 3.31 and a quick ratio of 3.31.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of ($0.64) by $1.07. The company had revenue of $182.50 million during the quarter, compared to the consensus estimate of $194.03 million. LendingTree had a negative net margin of 18.93% and a negative return on equity of 13.25%. Analysts expect that LendingTree, Inc. will post -1.07 EPS for the current year.

Insider Buying and Selling

In related news, insider Jill Olmstead sold 2,631 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $22.32, for a total transaction of $58,723.92. Following the completion of the sale, the insider now owns 4,021 shares in the company, valued at approximately $89,748.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 23.00% of the stock is currently owned by corporate insiders.

LendingTree Profile

LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, 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, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.