BNP Paribas Financial Markets Purchases 2,694 Shares of LendingTree, Inc. (NASDAQ:TREE)

BNP Paribas Financial Markets increased its position in LendingTree, Inc. (NASDAQ:TREE) by 17.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,060 shares of the financial services provider’s stock after buying an additional 2,694 shares during the quarter. BNP Paribas Financial Markets owned 0.14% of LendingTree worth $700,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC increased its position in shares of LendingTree by 248.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 848 shares during the period. New Age Alpha Advisors LLC bought a new stake in shares of LendingTree in the 4th quarter worth approximately $36,000. Meeder Asset Management Inc. increased its stake in shares of LendingTree by 30.0% during the fourth quarter. Meeder Asset Management Inc. now owns 4,351 shares of the financial services provider’s stock valued at $169,000 after buying an additional 1,004 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of LendingTree by 101.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 2,027 shares of the financial services provider’s stock valued at $80,000 after buying an additional 1,021 shares during the period. Finally, Hsbc Holdings PLC raised its holdings in shares of LendingTree by 6.4% during the fourth quarter. Hsbc Holdings PLC now owns 18,104 shares of the financial services provider’s stock valued at $693,000 after acquiring an additional 1,081 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TREE has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods reduced their price objective on shares of LendingTree from $73.00 to $66.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Needham & Company LLC decreased their price target on shares of LendingTree from $65.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Wall Street Zen lowered shares of LendingTree from a “buy” rating to a “hold” rating in a report on Sunday, May 11th. JPMorgan Chase & Co. lifted their price objective on LendingTree from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, March 6th. Finally, Truist Financial decreased their target price on LendingTree from $72.00 to $60.00 and set a “buy” rating for the company in a research report on Monday, May 5th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $64.13.

LendingTree Stock Down 0.2%

Shares of LendingTree stock opened at $35.38 on Friday. The company has a 50-day simple moving average of $45.34 and a two-hundred day simple moving average of $43.71. The stock has a market capitalization of $478.87 million, a PE ratio of -13.10 and a beta of 1.76. LendingTree, Inc. has a 52-week low of $34.55 and a 52-week high of $62.49. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92.

LendingTree (NASDAQ:TREE) last issued its earnings results on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, beating the consensus estimate of $0.74 by $0.25. LendingTree had a positive return on equity of 0.51% and a negative net margin of 4.72%. The business had revenue of $239.70 million for the quarter, compared to the consensus estimate of $244.93 million. LendingTree’s quarterly revenue was up 42.8% on a year-over-year basis. On average, analysts anticipate that LendingTree, Inc. will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling at LendingTree

In related news, COO Scott Peyree acquired 9,794 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $46.13 per share, with a total value of $451,797.22. Following the completion of the acquisition, the chief operating officer now directly owns 97,566 shares of the company’s stock, valued at approximately $4,500,719.58. This trade represents a 11.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 23.10% of the company’s stock.

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.