Louisiana State Employees Retirement System maintained its position in shares of LendingTree, Inc. (NASDAQ:TREE) during the first quarter, according to its most recent filing with the SEC. The firm owned 2,900 shares of the financial services provider’s stock at the end of the first quarter. Louisiana State Employees Retirement System’s holdings in LendingTree were worth $364,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in TREE. ARK Investment Management LLC purchased a new position in LendingTree during the fourth quarter valued at about $3,463,000. Osterweis Capital Management Inc. raised its position in LendingTree by 98.3% in the fourth quarter. Osterweis Capital Management Inc. now owns 25,007 shares of the financial services provider’s stock valued at $2,534,000 after buying an additional 12,397 shares during the last quarter. Allianz Asset Management AG raised its position in LendingTree by 16.8% in the fourth quarter. Allianz Asset Management AG now owns 288,146 shares of the financial services provider’s stock valued at $29,204,000 after buying an additional 41,512 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in LendingTree during the fourth quarter valued at about $892,000. Finally, Brown Advisory Inc. purchased a new position in LendingTree during the fourth quarter valued at about $321,000. 76.75% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

LendingTree, Inc. (NASDAQ TREE) traded up 1.98% on Friday, hitting $169.85. The stock had a trading volume of 359,187 shares. The firm has a market cap of $2.03 billion, a PE ratio of 76.79 and a beta of 1.65. The company’s 50 day moving average is $156.65 and its 200 day moving average is $124.26. LendingTree, Inc. has a 12-month low of $71.82 and a 12-month high of $179.95.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, April 27th. The financial services provider reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.27. LendingTree had a net margin of 6.79% and a return on equity of 18.12%. The company had revenue of $132.50 million during the quarter, compared to the consensus estimate of $124.99 million. During the same quarter in the prior year, the firm posted $0.76 EPS. The firm’s quarterly revenue was up 39.9% on a year-over-year basis. On average, equities research analysts expect that LendingTree, Inc. will post $3.82 EPS for the current fiscal year.

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Several research firms recently issued reports on TREE. Royal Bank of Canada reissued a “buy” rating on shares of LendingTree in a research note on Friday, June 9th. Bank of America Corporation reissued a “buy” rating and set a $190.00 target price (up previously from $160.00) on shares of LendingTree in a research note on Friday, June 9th. Mizuho increased their target price on LendingTree from $120.00 to $135.00 and gave the stock a “buy” rating in a research note on Friday, February 24th. Needham & Company LLC increased their price target on LendingTree from $140.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $160.00 price target (up previously from $140.00) on shares of LendingTree in a research report on Monday, May 1st. One analyst has rated the stock with a sell rating and eleven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $151.08.

In related news, CEO Douglas R. Lebda sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 29th. The shares were sold at an average price of $123.64, for a total value of $494,560.00. Following the completion of the transaction, the chief executive officer now owns 652,896 shares of the company’s stock, valued at approximately $80,724,061.44. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Carla Shumate sold 10,500 shares of the stock in a transaction that occurred on Thursday, April 20th. The shares were sold at an average price of $125.00, for a total transaction of $1,312,500.00. Following the completion of the transaction, the insider now directly owns 12,927 shares of the company’s stock, valued at approximately $1,615,875. The disclosure for this sale can be found here. In the last three months, insiders sold 179,750 shares of company stock valued at $25,986,301. 22.00% of the stock is owned by insiders.

LendingTree Company Profile

LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.

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