Jackson Square Partners LLC Has $134.35 Million Position in LendingTree, Inc. (TREE)
Jackson Square Partners LLC increased its position in LendingTree, Inc. (NASDAQ:TREE) by 0.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 549,600 shares of the financial services provider’s stock after acquiring an additional 1,853 shares during the period. Jackson Square Partners LLC owned approximately 4.59% of LendingTree worth $134,349,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in TREE. Teachers Advisors LLC increased its holdings in shares of LendingTree by 7.7% in the 1st quarter. Teachers Advisors LLC now owns 11,399 shares of the financial services provider’s stock worth $1,429,000 after acquiring an additional 811 shares during the period. Vanguard Group Inc. increased its stake in LendingTree by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 368,264 shares of the financial services provider’s stock valued at $46,161,000 after buying an additional 20,330 shares during the period. Schwab Charles Investment Management Inc. increased its stake in 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 valued at $3,843,000 after buying an additional 1,704 shares during the period. State Street Corp increased its stake in LendingTree by 10.3% during the 1st quarter. State Street Corp now owns 155,095 shares of the financial services provider’s stock valued at $19,443,000 after buying an additional 14,443 shares during the period. Finally, Louisiana State Employees Retirement System increased its stake in 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 valued at $517,000 after buying an additional 100 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.
In other news, President Neil Salvage sold 1,500 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $267.08, for a total transaction of $400,620.00. Following the completion of the transaction, the president now owns 12,907 shares in the company, valued at approximately $3,447,201.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nikul Patel sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $300.00, for a total transaction of $300,000.00. Following the transaction, the insider now owns 4,953 shares of the company’s stock, valued at approximately $1,485,900. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 83,374 shares of company stock valued at $22,754,606. Insiders own 21.90% of the company’s stock.
LendingTree, Inc. (TREE) opened at $306.90 on Thursday. LendingTree, Inc. has a 12-month low of $96.20 and a 12-month high of $316.25. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.86 and a current ratio of 3.86. The firm has a market cap of $3,631.33, a PE ratio of 92.22, a PEG ratio of 3.08 and a beta of 1.54.
LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.20. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The company had revenue of $171.50 million during the quarter, compared to analyst estimates of $157.97 million. During the same quarter last year, the firm posted $0.80 EPS. The business’s revenue for the quarter was up 81.3% on a year-over-year basis. sell-side analysts expect that LendingTree, Inc. will post 3.06 earnings per share for the current year.
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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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