Global X Management Co. LLC increased its position in LendingTree, Inc. (NASDAQ:TREE) by 299.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,813 shares of the financial services provider’s stock after buying an additional 1,359 shares during the period. Global X Management Co. LLC’s holdings in LendingTree were worth $312,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue increased its position in LendingTree by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 800 shares of the financial services provider’s stock valued at $100,000 after buying an additional 20 shares in the last quarter. Prudential Financial Inc. increased its position in LendingTree by 0.6% in the first quarter. Prudential Financial Inc. now owns 12,575 shares of the financial services provider’s stock valued at $1,576,000 after buying an additional 70 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its position in LendingTree by 5.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock valued at $294,000 after buying an additional 90 shares in the last quarter. Texas Permanent School Fund increased its position in LendingTree by 1.7% in the second quarter. Texas Permanent School Fund now owns 5,319 shares of the financial services provider’s stock valued at $916,000 after buying an additional 90 shares in the last quarter. Finally, Arizona State Retirement System increased its position in LendingTree by 2.7% in the first quarter. Arizona State Retirement System now owns 3,769 shares of the financial services provider’s stock valued at $472,000 after buying an additional 100 shares in the last quarter. 75.65% of the stock is owned by hedge funds and other institutional investors.

Shares of LendingTree, Inc. (TREE) opened at 224.85 on Monday. The firm’s 50-day moving average is $199.80 and its 200-day moving average is $152.72. LendingTree, Inc. has a 52-week low of $75.05 and a 52-week high of $235.30. The firm has a market cap of $2.70 billion, a P/E ratio of 104.97 and a beta of 1.58.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.17. LendingTree had a return on equity of 17.01% and a net margin of 5.85%. The firm had revenue of $152.80 million during the quarter, compared to the consensus estimate of $135.48 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The business’s revenue was up 62.0% on a year-over-year basis. Analysts anticipate that LendingTree, Inc. will post $3.82 earnings per share for the current year.

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Several research analysts have recently issued reports on TREE shares. Needham & Company LLC upped their price objective on LendingTree from $170.00 to $200.00 and gave the company a “buy” rating in a research note on Tuesday, June 20th. Bank of America Corporation reaffirmed a “buy” rating and issued a $190.00 price objective (up previously from $160.00) on shares of LendingTree in a research note on Friday, June 9th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of LendingTree in a research note on Friday, June 9th. BWS Financial upped their price objective on LendingTree from $150.00 to $185.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Finally, Northland Securities reaffirmed a “buy” rating and issued a $150.00 price objective on shares of LendingTree in a research note on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $178.07.

In other news, CEO Douglas R. Lebda sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $179.26, for a total transaction of $1,434,080.00. Following the transaction, the chief executive officer now directly owns 509,506 shares of the company’s stock, valued at $91,334,045.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas R. Lebda sold 18,929 shares of the business’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $155.66, for a total value of $2,946,488.14. Following the transaction, the chief executive officer now directly owns 550,728 shares in the company, valued at $85,726,320.48. The disclosure for this sale can be found here. Insiders have sold 58,929 shares of company stock worth $9,732,568 over the last three months. Insiders own 21.90% of the company’s stock.

About LendingTree

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.

Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

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