LendingTree, Inc. (NASDAQ:TREE) Shares Sold by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lowered its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 41.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,023 shares of the financial services provider’s stock after selling 1,409 shares during the quarter. Asset Management One Co. Ltd.’s holdings in LendingTree were worth $63,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors grew its position in shares of LendingTree by 59.1% during the second quarter. Captrust Financial Advisors now owns 719 shares of the financial services provider’s stock worth $32,000 after buying an additional 267 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of LendingTree during the first quarter worth approximately $99,000. Tower Research Capital LLC TRC grew its position in shares of LendingTree by 183.7% during the third quarter. Tower Research Capital LLC TRC now owns 1,674 shares of the financial services provider’s stock worth $26,000 after buying an additional 1,084 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of LendingTree by 136.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,705 shares of the financial services provider’s stock worth $36,000 after buying an additional 984 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of LendingTree during the second quarter worth approximately $83,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

Wall Street Analysts Forecast Growth

TREE has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on shares of LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Truist Financial lifted their price objective on shares of LendingTree from $24.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Oppenheimer lifted their price objective on shares of LendingTree from $25.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. Keefe, Bruyette & Woods raised shares of LendingTree from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $24.00 to $45.00 in a report on Wednesday, February 28th. Finally, StockNews.com downgraded shares of LendingTree from a “buy” rating to a “hold” rating in a report on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $36.57.

LendingTree Stock Down 4.1 %

TREE opened at $37.63 on Monday. The stock’s 50 day moving average price is $38.01 and its 200 day moving average price is $27.39. The company has a debt-to-equity ratio of 4.23, a current ratio of 2.60 and a quick ratio of 2.60. The stock has a market cap of $490.70 million, a P/E ratio of -3.99 and a beta of 2.19. LendingTree, Inc. has a 12 month low of $10.12 and a 12 month high of $44.51.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. The company had revenue of $134.40 million for the quarter, compared to analyst estimates of $135.55 million. LendingTree had a negative return on equity of 4.22% and a negative net margin of 18.20%. During the same period last year, the company earned ($0.53) earnings per share. As a group, research analysts predict that LendingTree, Inc. will post -0.36 earnings per share for the current year.

LendingTree Company Profile

LendingTree, Inc, through its subsidiary, 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, and home equity loans and lines of credit; and real estate brokerage services.