MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $867,000 Stock Holdings in LendingTree, Inc. (NASDAQ:TREE)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 5.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 22,376 shares of the financial services provider’s stock after purchasing an additional 1,164 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.17% of LendingTree worth $867,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Cubist Systematic Strategies LLC grew its holdings in LendingTree by 127.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 166,575 shares of the financial services provider’s stock valued at $6,455,000 after purchasing an additional 93,244 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of LendingTree by 70.6% during the 4th quarter. AQR Capital Management LLC now owns 131,404 shares of the financial services provider’s stock worth $5,092,000 after buying an additional 54,368 shares during the period. Barclays PLC grew its stake in LendingTree by 199.2% in the 4th quarter. Barclays PLC now owns 64,056 shares of the financial services provider’s stock valued at $2,482,000 after buying an additional 42,647 shares during the last quarter. Trexquant Investment LP raised its holdings in LendingTree by 97.0% in the 4th quarter. Trexquant Investment LP now owns 81,308 shares of the financial services provider’s stock worth $3,151,000 after acquiring an additional 40,038 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in LendingTree by 74.6% in the 4th quarter. Victory Capital Management Inc. now owns 84,180 shares of the financial services provider’s stock worth $3,262,000 after acquiring an additional 35,970 shares during the period. Institutional investors and hedge funds own 68.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Wall Street Zen downgraded LendingTree from a “buy” rating to a “hold” rating in a research report on Sunday, May 11th. Stephens reaffirmed an “overweight” rating and issued a $69.00 price target on shares of LendingTree in a research report on Thursday, March 6th. JPMorgan Chase & Co. upped their price target on LendingTree from $65.00 to $68.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. Needham & Company LLC dropped their target price on shares of LendingTree from $65.00 to $62.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, Keefe, Bruyette & Woods cut their target price on shares of LendingTree from $73.00 to $66.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $64.13.

LendingTree Price Performance

NASDAQ:TREE opened at $35.16 on Tuesday. The company has a debt-to-equity ratio of 3.67, a quick ratio of 0.92 and a current ratio of 0.92. The company has a 50-day moving average of $44.78 and a 200-day moving average of $43.47. LendingTree, Inc. has a 52 week low of $34.01 and a 52 week high of $62.49. The company has a market capitalization of $475.89 million, a price-to-earnings ratio of -13.02 and a beta of 1.76.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.25. LendingTree had a negative net margin of 4.72% and a positive return on equity of 0.51%. The firm had revenue of $239.70 million during the quarter, compared to analysts’ expectations of $244.93 million. The company’s quarterly revenue was up 42.8% on a year-over-year basis. As a group, equities research analysts anticipate that LendingTree, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Buying and Selling at LendingTree

In related news, COO Scott Peyree acquired 9,794 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was bought 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 owns 97,566 shares in the company, valued at $4,500,719.58. The trade was a 11.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 23.10% of the company’s stock.

About LendingTree

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.