Ameriprise Financial Inc. Has $907,000 Position in LendingTree, Inc. (NASDAQ:TREE)

Ameriprise Financial Inc. increased its position in shares of LendingTree, Inc. (NASDAQ:TREE) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,400 shares of the financial services provider’s stock after buying an additional 1,217 shares during the quarter. Ameriprise Financial Inc. owned 0.18% of LendingTree worth $907,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TREE. New Age Alpha Advisors LLC bought a new position in shares of LendingTree during the 4th quarter worth approximately $36,000. Tower Research Capital LLC TRC grew its holdings in shares of LendingTree by 248.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,190 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 848 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in shares of LendingTree during the 4th quarter worth about $54,000. CANADA LIFE ASSURANCE Co bought a new position in LendingTree during the 4th quarter valued at about $56,000. Finally, KLP Kapitalforvaltning AS acquired a new position in LendingTree in the fourth quarter valued at about $70,000. 68.26% of the stock is owned by institutional investors and hedge funds.

LendingTree Stock Performance

Shares of NASDAQ:TREE opened at $34.69 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 3.67. LendingTree, Inc. has a 1-year low of $33.82 and a 1-year high of $62.49. The stock has a market capitalization of $469.53 million, a P/E ratio of -12.85 and a beta of 1.76. The business has a 50-day moving average price of $42.95 and a two-hundred day moving average price of $42.97.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In related news, COO Scott Peyree acquired 9,794 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $46.13 per share, with a total value of $451,797.22. Following the completion of the transaction, the chief operating officer now directly owns 97,566 shares of the company’s stock, valued at approximately $4,500,719.58. The trade was a 11.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Heather Enlow-Novitsky sold 1,250 shares of LendingTree stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $36.24, for a total value of $45,300.00. Following the completion of the sale, the general counsel now directly owns 2,028 shares in the company, valued at $73,494.72. This represents a 38.13% decrease in their position. The disclosure for this sale can be found here. 23.10% of the stock is owned by insiders.

LendingTree 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.