Eagle Asset Management Inc. reduced its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 23.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,166 shares of the financial services provider’s stock after selling 5,247 shares during the quarter. Eagle Asset Management Inc. owned 0.14% of LendingTree worth $4,284,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TREE. Teachers Advisors LLC grew its holdings in shares of LendingTree by 7.7% during the 1st quarter. Teachers Advisors LLC now owns 11,399 shares of the financial services provider’s stock worth $1,429,000 after purchasing an additional 811 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of LendingTree by 5.8% during 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. Schwab Charles Investment Management Inc. grew its holdings in shares of LendingTree by 5.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 30,655 shares of the financial services provider’s stock worth $3,843,000 after purchasing an additional 1,704 shares in the last quarter. State Street Corp grew its holdings in shares of LendingTree by 10.3% during the 1st quarter. State Street Corp now owns 155,095 shares of the financial services provider’s stock worth $19,443,000 after purchasing an additional 14,443 shares in the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in shares of LendingTree by 3.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 3,000 shares of the financial services provider’s stock worth $517,000 after purchasing an additional 100 shares in the last quarter. 72.11% of the stock is currently owned by institutional investors.

Shares of LendingTree, Inc. (NASDAQ TREE) opened at $303.40 on Tuesday. The firm has a market capitalization of $3,642.10, a PE ratio of 92.49, a P/E/G ratio of 3.10 and a beta of 1.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86. LendingTree, Inc. has a 12 month low of $96.20 and a 12 month high of $316.25.

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

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

In other LendingTree news, 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 completion of the transaction, the chief accounting officer now directly owns 4,841 shares in the company, valued at $1,331,275. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas R. Lebda sold 16,000 shares of the stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $275.00, for a total value of $4,400,000.00. Following the completion of the transaction, the chief executive officer now owns 453,418 shares of the company’s stock, valued at $124,689,950. The disclosure for this sale can be found here. Insiders sold 82,374 shares of company stock worth $22,447,606 over the last ninety days. 21.90% of the stock is currently owned by insiders.

TRADEMARK VIOLATION WARNING: “Eagle Asset Management Inc. Has $4.28 Million Stake in LendingTree, Inc. (TREE)” was posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.thecerbatgem.com/2017/12/05/eagle-asset-management-inc-has-4-28-million-stake-in-lendingtree-inc-tree.html.

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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Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

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