LendingTree, Inc. $TREE Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC trimmed its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 3.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 366,894 shares of the financial services provider’s stock after selling 15,084 shares during the period. Emerald Advisers LLC owned about 2.69% of LendingTree worth $23,749,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its stake in shares of LendingTree by 1,747.8% in the second quarter. Ameriprise Financial Inc. now owns 546,536 shares of the financial services provider’s stock valued at $20,260,000 after purchasing an additional 516,958 shares during the period. Blue Grotto Capital LLC increased its holdings in LendingTree by 27.3% in the second quarter. Blue Grotto Capital LLC now owns 382,610 shares of the financial services provider’s stock valued at $14,183,000 after buying an additional 82,131 shares in the last quarter. G2 Investment Partners Management LLC lifted its position in shares of LendingTree by 69.0% during the 2nd quarter. G2 Investment Partners Management LLC now owns 305,573 shares of the financial services provider’s stock valued at $11,328,000 after acquiring an additional 124,806 shares during the period. Geode Capital Management LLC lifted its position in shares of LendingTree by 7.3% during the 2nd quarter. Geode Capital Management LLC now owns 267,264 shares of the financial services provider’s stock valued at $9,909,000 after acquiring an additional 18,207 shares during the period. Finally, Acadian Asset Management LLC boosted its stake in shares of LendingTree by 53.4% during the 2nd quarter. Acadian Asset Management LLC now owns 224,169 shares of the financial services provider’s stock worth $8,305,000 after acquiring an additional 78,012 shares in the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Stock Performance

Shares of TREE opened at $67.01 on Thursday. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.43 and a current ratio of 1.43. The firm has a fifty day moving average of $55.45 and a 200-day moving average of $57.68. The company has a market cap of $916.03 million, a price-to-earnings ratio of 66.35 and a beta of 2.08. LendingTree, Inc. has a 1 year low of $33.50 and a 1 year high of $77.35.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results 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. LendingTree had a net margin of 1.34% and a return on equity of 36.30%. The company had revenue of $290.62 million for the quarter, compared to analyst estimates of $278.36 million. During the same quarter last year, the business earned $0.80 earnings per share. LendingTree’s revenue was up 18.0% compared to the same quarter last year. As a group, equities analysts anticipate that LendingTree, Inc. will post 0.48 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Oppenheimer set a $85.00 price target on LendingTree and gave the company an “outperform” rating in a research report on Friday, October 31st. Zacks Research downgraded shares of LendingTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 30th. Truist Financial upped their price target on shares of LendingTree from $62.00 to $72.00 and gave the company a “buy” rating in a report on Monday, November 3rd. Needham & Company LLC increased their price target on shares of LendingTree from $70.00 to $85.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. raised their price objective on shares of LendingTree from $66.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $76.67.

LendingTree Profile

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.