Connor Clark & Lunn Investment Management Ltd. Has $1.78 Million Stock Holdings in LendingTree, Inc. $TREE

Connor Clark & Lunn Investment Management Ltd. reduced its stake in LendingTree, Inc. (NASDAQ:TREE) by 44.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,995 shares of the financial services provider’s stock after selling 38,404 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.35% of LendingTree worth $1,779,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. AlphaQuest LLC boosted its holdings in shares of LendingTree by 11.4% during the 2nd quarter. AlphaQuest LLC now owns 2,212 shares of the financial services provider’s stock worth $82,000 after buying an additional 227 shares during the period. Rhumbline Advisers lifted its position in LendingTree by 4.9% during the first quarter. Rhumbline Advisers now owns 14,879 shares of the financial services provider’s stock worth $748,000 after acquiring an additional 698 shares during the last quarter. State of Wyoming boosted its holdings in shares of LendingTree by 51.1% during the first quarter. State of Wyoming now owns 2,712 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 917 shares during the period. Hsbc Holdings PLC grew its position in shares of LendingTree by 5.7% in the first quarter. Hsbc Holdings PLC now owns 19,130 shares of the financial services provider’s stock valued at $954,000 after purchasing an additional 1,026 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of LendingTree by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,598 shares of the financial services provider’s stock worth $1,188,000 after purchasing an additional 1,222 shares during the period. 68.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on TREE shares. Weiss Ratings upgraded LendingTree from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Wednesday. Oppenheimer set a $85.00 target price on LendingTree and gave the stock an “outperform” rating in a report on Friday, October 31st. Keefe, Bruyette & Woods raised shares of LendingTree from a “moderate buy” rating to a “strong-buy” rating in a research report on Friday, August 22nd. Truist Financial increased their target price on shares of LendingTree from $62.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, November 3rd. Finally, Needham & Company LLC boosted their price target on LendingTree from $70.00 to $85.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Three research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, LendingTree currently has an average rating of “Buy” and a consensus target price of $74.29.

Insider Buying and Selling at LendingTree

In other news, CFO Jason Bengel sold 6,469 shares of LendingTree stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.86, for a total transaction of $445,455.34. Following the sale, the chief financial officer directly owned 6,517 shares in the company, valued at $448,760.62. The trade was a 49.82% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction of $69,140.00. Following the transaction, the general counsel directly owned 1,028 shares of the company’s stock, valued at $71,075.92. This represents a 49.31% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 8,669 shares of company stock worth $598,331. 23.10% of the stock is owned by corporate insiders.

LendingTree Stock Performance

Shares of LendingTree stock opened at $49.12 on Monday. The business has a 50-day moving average price of $63.07 and a two-hundred day moving average price of $51.54. LendingTree, Inc. has a 1-year low of $33.50 and a 1-year high of $77.35. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 3.26. The company has a market cap of $671.52 million, a P/E ratio of -12.10 and a beta of 1.75.

LendingTree (NASDAQ:TREE) last released its earnings results on Thursday, October 30th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.47. The company had revenue of $290.62 million for the quarter, compared to the consensus estimate of $278.36 million. LendingTree had a negative net margin of 5.33% and a positive return on equity of 25.79%. LendingTree’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. LendingTree has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, analysts anticipate that LendingTree, Inc. will post 0.48 EPS for the current year.

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.