Cwm LLC Purchases 3,976 Shares of LendingTree, Inc. (NASDAQ:TREE)

Cwm LLC grew its position in shares of LendingTree, Inc. (NASDAQ:TREE) by 497.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,775 shares of the financial services provider’s stock after purchasing an additional 3,976 shares during the quarter. Cwm LLC’s holdings in LendingTree were worth $240,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. New Age Alpha Advisors LLC purchased a new position in shares of LendingTree in the 4th quarter valued at approximately $36,000. Tower Research Capital LLC TRC lifted its stake 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 valued at $46,000 after purchasing an additional 848 shares during the period. CANADA LIFE ASSURANCE Co purchased a new position in shares of LendingTree in the 4th quarter valued at approximately $56,000. KLP Kapitalforvaltning AS purchased a new position in shares of LendingTree in the 4th quarter valued at approximately $70,000. Finally, Lazard Asset Management LLC lifted its stake in shares of LendingTree by 4,509.1% in the 4th quarter. Lazard Asset Management LLC now owns 2,028 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 1,984 shares during the period. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

LendingTree Stock Down 2.5%

Shares of NASDAQ:TREE opened at $49.06 on Friday. The stock has a fifty day simple moving average of $37.29 and a two-hundred day simple moving average of $42.13. The stock has a market capitalization of $663.78 million, a price-to-earnings ratio of -11.88 and a beta of 1.61. LendingTree, Inc. has a 12-month low of $33.50 and a 12-month high of $62.49. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 3.74.

LendingTree (NASDAQ:TREE) last posted its 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. The business had revenue of $239.70 million during the quarter, compared to analyst estimates of $244.93 million. LendingTree had a positive return on equity of 14.76% and a negative net margin of 5.67%. The company’s revenue was up 42.8% on a year-over-year basis. On average, research analysts anticipate that LendingTree, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 1,250 shares of LendingTree stock in a transaction on Tuesday, May 27th. The stock was 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 owned 2,028 shares of the company’s stock, valued at approximately $73,494.72. This trade represents a 38.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 23.10% of the company’s stock.

Analyst Ratings Changes

TREE has been the subject of a number of research analyst reports. Wall Street Zen cut LendingTree from a “buy” rating to a “hold” rating in a research note on Sunday, May 11th. Needham & Company LLC reiterated a “buy” rating and set a $62.00 price objective on shares of LendingTree in a research note on Thursday. Finally, Truist Financial lowered their price objective on LendingTree from $72.00 to $60.00 and set a “buy” rating for the company in a research note on Monday, May 5th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, LendingTree presently has a consensus rating of “Moderate Buy” and an average target price of $64.13.

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.