Prudential Financial Inc. raised its position in LendingTree, Inc. (NASDAQ:TREE) by 2.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 12,820 shares of the financial services provider’s stock after purchasing an additional 328 shares during the period. Prudential Financial Inc. owned about 0.11% of LendingTree worth $3,134,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of TREE. Vanguard Group Inc. grew its holdings in LendingTree by 45.6% in the second quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock valued at $92,333,000 after purchasing an additional 167,933 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in LendingTree in the second quarter valued at $26,693,000. Nikko Asset Management Americas Inc. grew its holdings in LendingTree by 1,314.7% in the second quarter. Nikko Asset Management Americas Inc. now owns 134,400 shares of the financial services provider’s stock valued at $23,144,000 after purchasing an additional 124,900 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of LendingTree by 1,264.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 129,600 shares of the financial services provider’s stock valued at $22,317,000 after acquiring an additional 120,100 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its stake in shares of LendingTree by 39.7% during the second quarter. Baillie Gifford & Co. now owns 336,171 shares of the financial services provider’s stock valued at $57,889,000 after acquiring an additional 95,471 shares during the last quarter. 72.09% of the stock is currently owned by institutional investors.

In related news, insider Nikul Patel sold 1,000 shares of the stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the insider now directly owns 4,953 shares in the company, valued at $1,485,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Carla Shumate sold 2,414 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $275.00, for a total value of $663,850.00. Following the transaction, the chief accounting officer now owns 4,841 shares in the company, valued at $1,331,275. The disclosure for this sale can be found here. Insiders have sold 82,374 shares of company stock worth $22,447,606 over the last quarter. 21.90% of the stock is currently owned by company insiders.

TREE has been the topic of a number of analyst reports. Zacks Investment Research raised LendingTree from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Bank of America increased their price objective on LendingTree from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. BWS Financial lowered LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price objective on the stock. in a research note on Thursday, October 12th. Stephens increased their price objective on LendingTree from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $300.00 price objective (up previously from $250.00) on shares of LendingTree in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. LendingTree currently has an average rating of “Buy” and a consensus target price of $251.25.

Shares of LendingTree, Inc. (TREE) opened at $304.30 on Friday. LendingTree, Inc. has a 52 week low of $96.20 and a 52 week high of $307.85. The company has a market capitalization of $3,613.98, a price-to-earnings ratio of 91.78, a P/E/G ratio of 3.08 and a beta of 1.54. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.86 and a current ratio of 3.86.

LendingTree (NASDAQ:TREE) last released its earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The firm had revenue of $171.50 million for the quarter, compared to the consensus estimate of $157.97 million. During the same period in the prior year, the business posted $0.80 earnings per share. The firm’s revenue for the quarter was up 81.3% compared to the same quarter last year. research analysts expect that LendingTree, Inc. will post 3.06 EPS for the current year.

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LendingTree 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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