BNP Paribas Financial Markets boosted its holdings in LendingTree, Inc. (NASDAQ:TREE – Free Report) by 20.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,088 shares of the financial services provider’s stock after acquiring an additional 7,528 shares during the quarter. BNP Paribas Financial Markets owned 0.34% of LendingTree worth $1,337,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in TREE. Los Angeles Capital Management LLC bought a new stake in shares of LendingTree in the 4th quarter worth about $1,946,000. Cornerstone Wealth Management LLC acquired a new stake in shares of LendingTree during the fourth quarter worth approximately $252,000. Acadian Asset Management LLC raised its stake in shares of LendingTree by 21.2% in the third quarter. Acadian Asset Management LLC now owns 90,014 shares of the financial services provider’s stock valued at $1,393,000 after acquiring an additional 15,765 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of LendingTree by 26.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock worth $2,943,000 after acquiring an additional 39,745 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its position in LendingTree by 0.9% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 345,292 shares of the financial services provider’s stock worth $5,352,000 after acquiring an additional 2,952 shares during the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.
Insider Buying and Selling at LendingTree
In related news, Director Gabriel Dalporto sold 1,442 shares of the stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $50.17, for a total value of $72,345.14. Following the sale, the director now directly owns 4,478 shares in the company, valued at approximately $224,661.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Gabriel Dalporto sold 1,442 shares of the firm’s stock in a transaction on Monday, May 6th. The stock was sold at an average price of $50.17, for a total transaction of $72,345.14. Following the sale, the director now owns 4,478 shares of the company’s stock, valued at approximately $224,661.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Trent Ziegler sold 8,750 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $49.30, for a total value of $431,375.00. Following the completion of the transaction, the chief financial officer now directly owns 5 shares of the company’s stock, valued at $246.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,192 shares of company stock valued at $601,880. 23.40% of the stock is currently owned by company insiders.
LendingTree Trading Up 4.6 %
TREE opened at $45.06 on Tuesday. The firm has a 50 day simple moving average of $42.00 and a 200 day simple moving average of $33.88. LendingTree, Inc. has a fifty-two week low of $10.12 and a fifty-two week high of $52.76. The company has a market cap of $596.14 million, a price-to-earnings ratio of -4.34 and a beta of 2.10. The company has a debt-to-equity ratio of 4.80, a current ratio of 3.71 and a quick ratio of 3.71.
LendingTree (NASDAQ:TREE – Get Free Report) last issued its earnings results on Tuesday, April 30th. The financial services provider reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.25) by $0.36. LendingTree had a negative net margin of 21.07% and a positive return on equity of 1.34%. The company had revenue of $167.80 million during the quarter, compared to analysts’ expectations of $164.03 million. On average, sell-side analysts anticipate that LendingTree, Inc. will post -0.04 earnings per share for the current year.
Analysts Set New Price Targets
Several analysts have recently commented on TREE shares. JPMorgan Chase & Co. increased their target price on LendingTree from $25.00 to $38.00 and gave the stock an “overweight” rating in a report on Wednesday, February 28th. Keefe, Bruyette & Woods raised their price objective on shares of LendingTree from $45.00 to $60.00 and gave the company an “outperform” rating in a research report on Wednesday, May 1st. Needham & Company LLC upped their target price on shares of LendingTree from $40.00 to $56.00 and gave the stock a “buy” rating in a research report on Tuesday, April 30th. Truist Financial reissued a “buy” rating and set a $55.00 price target (up from $37.00) on shares of LendingTree in a research note on Wednesday, May 1st. Finally, Oppenheimer boosted their price objective on shares of LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.
View Our Latest Report on TREE
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.
Further Reading
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