Acadian Asset Management LLC Has $7.35 Million Stake in LendingTree, Inc. $TREE

Acadian Asset Management LLC decreased its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 9.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 146,157 shares of the financial services provider’s stock after selling 15,810 shares during the quarter. Acadian Asset Management LLC owned about 1.08% of LendingTree worth $7,346,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of TREE. Lazard Asset Management LLC grew its position in shares of LendingTree by 4,509.1% during the 4th quarter. Lazard Asset Management LLC now owns 2,028 shares of the financial services provider’s stock worth $78,000 after buying an additional 1,984 shares during the period. AlphaQuest LLC grew its position in shares of LendingTree by 806.4% during the 1st quarter. AlphaQuest LLC now owns 1,985 shares of the financial services provider’s stock worth $100,000 after buying an additional 1,766 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in LendingTree by 4,926.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,262 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 2,217 shares during the last quarter. State of Wyoming boosted its stake in LendingTree by 51.1% during the 1st quarter. State of Wyoming now owns 2,712 shares of the financial services provider’s stock worth $136,000 after acquiring an additional 917 shares during the last quarter. Finally, CWM LLC boosted its stake in LendingTree by 497.6% during the 1st quarter. CWM LLC now owns 4,775 shares of the financial services provider’s stock worth $240,000 after acquiring an additional 3,976 shares during the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Stock Performance

Shares of TREE opened at $71.82 on Friday. The company has a debt-to-equity ratio of 3.26, a quick ratio of 1.22 and a current ratio of 1.22. LendingTree, Inc. has a twelve month low of $33.50 and a twelve month high of $74.15. The firm’s 50 day moving average price is $55.69 and its two-hundred day moving average price is $46.72. The firm has a market cap of $978.19 million, a P/E ratio of -17.69 and a beta of 1.69.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.09 by $0.04. LendingTree had a negative net margin of 5.33% and a positive return on equity of 25.79%. The firm had revenue of $250.10 million for the quarter, compared to analyst estimates of $244.03 million. The company’s revenue was up 19.0% on a year-over-year basis. On average, analysts forecast that LendingTree, Inc. will post 0.48 EPS for the current fiscal year.

Analysts Set New Price Targets

TREE has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised shares of LendingTree from a “moderate buy” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Truist Financial set a $62.00 price objective on shares of LendingTree and gave the stock a “buy” rating in a research note on Monday, August 4th. Needham & Company LLC lifted their price objective on shares of LendingTree from $62.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, August 1st. Finally, Wall Street Zen raised shares of LendingTree from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $65.38.

Insider Buying and Selling at LendingTree

In other LendingTree news, Director Diego A. Rodriguez sold 1,200 shares of LendingTree stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $69.78, for a total value of $83,736.00. Following the transaction, the director owned 8,113 shares of the company’s stock, valued at approximately $566,125.14. The trade was a 12.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jason Bengel sold 6,469 shares of LendingTree stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.86, for a total transaction of $445,455.34. Following the completion of the transaction, the chief financial officer directly owned 6,517 shares in the company, valued at approximately $448,760.62. The trade was a 49.82% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,669 shares of company stock valued at $598,331. 23.10% of the stock is currently owned by corporate insiders.

LendingTree Profile

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.