Cwm LLC Lowers Stock Holdings in LendingTree, Inc. $TREE

Cwm LLC reduced its stake in LendingTree, Inc. (NASDAQ:TREE) by 65.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,655 shares of the financial services provider’s stock after selling 3,120 shares during the period. Cwm LLC’s holdings in LendingTree were worth $61,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of LendingTree by 68.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 5,921 shares of the financial services provider’s stock valued at $298,000 after acquiring an additional 2,397 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of LendingTree by 4,926.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,262 shares of the financial services provider’s stock worth $114,000 after buying an additional 2,217 shares in the last quarter. Emerald Mutual Fund Advisers Trust grew its position in shares of LendingTree by 3.7% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 249,505 shares of the financial services provider’s stock valued at $12,543,000 after purchasing an additional 9,007 shares in the last quarter. Emerald Advisers LLC increased its position in LendingTree by 4.8% in the first quarter. Emerald Advisers LLC now owns 378,563 shares of the financial services provider’s stock worth $19,030,000 after purchasing an additional 17,343 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of LendingTree by 1.3% in the 1st quarter. Federated Hermes Inc. now owns 168,782 shares of the financial services provider’s stock worth $8,485,000 after buying an additional 2,110 shares in the last quarter. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

LendingTree Trading Up 2.7%

Shares of LendingTree stock opened at $65.74 on Tuesday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.22 and a current ratio of 1.22. LendingTree, Inc. has a fifty-two week low of $33.50 and a fifty-two week high of $77.35. The firm has a 50-day simple moving average of $65.81 and a two-hundred day simple moving average of $51.23. The company has a market cap of $895.38 million, a P/E ratio of -16.19 and a beta of 1.71.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.23 by $0.47. The company had revenue of $307.80 million for the quarter, compared to analyst estimates of $278.36 million. LendingTree had a positive return on equity of 25.79% and a negative net margin of 5.33%.LendingTree’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period last year, the company earned $0.80 earnings per share. LendingTree has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts predict that LendingTree, Inc. will post 0.48 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on TREE. Zacks Research lowered shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Wall Street Zen upgraded LendingTree from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Weiss Ratings reiterated a “sell (d-)” rating on shares of LendingTree in a report on Wednesday, October 8th. JPMorgan Chase & Co. upped their price target on LendingTree from $66.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Truist Financial lifted their target price on shares of LendingTree from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.29.

Insider Activity

In other LendingTree news, CFO Jason Bengel sold 6,469 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.86, for a total value of $445,455.34. Following the transaction, the chief financial officer directly owned 6,517 shares of the company’s stock, valued at $448,760.62. This trade represents a 49.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Heather Enlow-Novitsky sold 1,000 shares of the stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $69.14, for a total value of $69,140.00. Following the completion of the sale, the general counsel directly owned 1,028 shares of the company’s stock, valued at approximately $71,075.92. This represents a 49.31% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 8,669 shares of company stock worth $598,331 over the last quarter. 23.10% of the stock is currently owned by corporate insiders.

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.