Harbor Capital Advisors Inc. Sells 141,090 Shares of LendingTree, Inc. $TREE

Harbor Capital Advisors Inc. decreased its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 71.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,839 shares of the financial services provider’s stock after selling 141,090 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in LendingTree were worth $3,679,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. AlphaQuest LLC boosted its holdings in shares of LendingTree by 11.4% in the 2nd quarter. AlphaQuest LLC now owns 2,212 shares of the financial services provider’s stock valued at $82,000 after buying an additional 227 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in LendingTree by 25.2% during the second quarter. Ameritas Investment Partners Inc. now owns 1,141 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 230 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in LendingTree by 1.3% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,899 shares of the financial services provider’s stock valued at $886,000 after acquiring an additional 301 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of LendingTree by 272.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 462 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 338 shares during the period. Finally, Rhumbline Advisers grew its position in shares of LendingTree by 4.9% in the 1st quarter. Rhumbline Advisers now owns 14,879 shares of the financial services provider’s stock valued at $748,000 after acquiring an additional 698 shares during the period. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Trading Up 2.0%

Shares of TREE stock opened at $54.17 on Thursday. The firm has a 50 day moving average price of $55.44 and a two-hundred day moving average price of $54.53. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 2.93. The company has a market capitalization of $740.50 million, a PE ratio of 53.63 and a beta of 2.08. LendingTree, Inc. has a 12-month low of $33.50 and a 12-month high of $77.35.

LendingTree (NASDAQ:TREE) last posted its earnings results on Thursday, October 30th. The financial services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.23 by $0.47. The company had revenue of $290.62 million for the quarter, compared to the consensus estimate of $278.36 million. LendingTree had a return on equity of 36.30% and a net margin of 1.34%.The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.80 earnings per share. As a group, analysts predict that LendingTree, Inc. will post 0.48 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LendingTree in a report on Monday. Wall Street Zen downgraded LendingTree from a “strong-buy” rating to a “buy” rating in a research report on Monday, November 10th. Truist Financial raised their price objective on LendingTree from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. Oppenheimer set a $85.00 target price on LendingTree and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Zacks Research raised LendingTree from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 4th. Three research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Buy” and an average price target of $74.29.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.