Rhumbline Advisers trimmed its position in shares of LendingTree, Inc. (NASDAQ:TREE) by 1.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,985 shares of the financial services provider’s stock after selling 130 shares during the quarter. Rhumbline Advisers owned approximately 0.11% of LendingTree worth $2,236,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of TREE. BlackRock Inc. boosted its position in LendingTree by 117,777.8% during the 1st quarter. BlackRock Inc. now owns 823,966 shares of the financial services provider’s stock valued at $103,284,000 after acquiring an additional 823,267 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of LendingTree by 19.1% in the 1st quarter. Victory Capital Management Inc. now owns 607,253 shares of the financial services provider’s stock worth $76,119,000 after purchasing an additional 97,351 shares in the last quarter. Congress Asset Management Co. MA boosted its position in shares of LendingTree by 583.0% in the 2nd quarter. Congress Asset Management Co. MA now owns 38,527 shares of the financial services provider’s stock worth $6,634,000 after purchasing an additional 32,886 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of LendingTree by 29.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 139,501 shares of the financial services provider’s stock worth $24,022,000 after purchasing an additional 31,422 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of LendingTree by 5.8% in the 1st quarter. Vanguard Group Inc. now owns 368,264 shares of the financial services provider’s stock worth $46,161,000 after purchasing an additional 20,330 shares in the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.

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LendingTree, Inc. (NASDAQ:TREE) opened at 236.55 on Thursday. The company has a market capitalization of $2.84 billion, a PE ratio of 110.43 and a beta of 1.55. LendingTree, Inc. has a 52-week low of $75.05 and a 52-week high of $238.25. The company has a 50-day moving average price of $224.54 and a 200 day moving average price of $166.47.

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

In related news, CEO Douglas R. Lebda sold 8,000 shares of LendingTree stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $178.49, for a total transaction of $1,427,920.00. Following the transaction, the chief executive officer now directly owns 501,218 shares of the company’s stock, valued at $89,462,400.82. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Peter Horan sold 2,000 shares of LendingTree stock in a transaction that occurred on Tuesday, August 22nd. The shares were sold at an average price of $226.90, for a total transaction of $453,800.00. Following the transaction, the director now directly owns 31,624 shares in the company, valued at $7,175,485.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 20,850 shares of company stock worth $3,951,493. 21.90% of the stock is currently owned by corporate insiders.

A number of analysts have recently commented on the company. Zacks Investment Research cut LendingTree from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada boosted their price target on LendingTree from $160.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Stephens reissued an “overweight” rating and issued a $250.00 price target (up from $200.00) on shares of LendingTree in a research report on Sunday, July 30th. Northland Securities reissued a “buy” rating and issued a $150.00 price target on shares of LendingTree in a research report on Tuesday, July 25th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $250.00 price target (up from $200.00) on shares of LendingTree in a research report on Thursday, July 27th. One research analyst has rated the stock with a sell rating and twelve have issued a buy rating to the stock. LendingTree has a consensus rating of “Buy” and a consensus target price of $183.00.

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.

Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

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