Goldman Sachs Group Inc. Has $4.01 Million Stock Holdings in LendingTree, Inc. $TREE

Goldman Sachs Group Inc. cut its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 20.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,799 shares of the financial services provider’s stock after selling 20,723 shares during the period. Goldman Sachs Group Inc. owned 0.59% of LendingTree worth $4,011,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Lazard Asset Management LLC boosted its position in LendingTree by 4,509.1% during the fourth 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 last quarter. AlphaQuest LLC boosted its position in LendingTree by 806.4% during the first quarter. AlphaQuest LLC now owns 1,985 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 1,766 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in LendingTree by 4,926.7% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,262 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 2,217 shares during the last quarter. State of Wyoming boosted its position in LendingTree by 51.1% during the first quarter. State of Wyoming now owns 2,712 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 917 shares during the last quarter. Finally, CWM LLC boosted its position in LendingTree by 497.6% during the first quarter. CWM LLC now owns 4,775 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 3,976 shares during the last quarter. 68.26% of the stock is owned by institutional investors and hedge funds.

LendingTree Price Performance

LendingTree stock opened at $75.77 on Thursday. The stock’s fifty day moving average price is $57.84 and its two-hundred day moving average price is $47.44. LendingTree, Inc. has a one year low of $33.50 and a one year high of $77.35. The company has a debt-to-equity ratio of 3.26, a current ratio of 1.22 and a quick ratio of 1.22. The firm has a market cap of $1.03 billion, a PE ratio of -18.66 and a beta of 1.69.

LendingTree (NASDAQ:TREE) last issued its earnings results on Thursday, July 31st. The financial services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. The firm had revenue of $250.10 million for the quarter, compared to the consensus estimate of $244.03 million. LendingTree had a positive return on equity of 25.79% and a negative net margin of 5.33%.The company’s quarterly revenue was up 19.0% on a year-over-year basis. As a group, research analysts expect that LendingTree, Inc. will post 0.48 EPS for the current fiscal year.

Insider Buying and Selling at LendingTree

In other LendingTree news, General Counsel Heather Enlow-Novitsky sold 1,000 shares of the firm’s stock in a transaction on Friday, August 22nd. The stock was sold at an average price of $69.14, for a total value of $69,140.00. Following the sale, the general counsel owned 1,028 shares of the company’s stock, valued at approximately $71,075.92. This trade represents a 49.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Diego A. Rodriguez sold 1,200 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $69.78, for a total value of $83,736.00. Following the completion of the sale, the director directly owned 8,113 shares in the company, valued at approximately $566,125.14. This represents a 12.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,669 shares of company stock valued at $598,331. 23.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Wall Street Zen raised LendingTree from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 13th. Truist Financial set a $62.00 price objective on LendingTree and gave the company a “buy” rating in a research report on Monday, August 4th. Keefe, Bruyette & Woods raised LendingTree from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 22nd. Finally, Needham & Company LLC raised their price objective on LendingTree from $62.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, August 1st. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $65.38.

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.