Susquehanna Fundamental Investments LLC Cuts Position in LendingTree, Inc. $TREE

Susquehanna Fundamental Investments LLC lessened its position in LendingTree, Inc. (NASDAQ:TREE) by 69.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,849 shares of the financial services provider’s stock after selling 20,286 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.06% of LendingTree worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership increased its position in shares of LendingTree by 33.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 274,366 shares of the financial services provider’s stock valued at $11,765,000 after purchasing an additional 68,466 shares during the last quarter. Punch & Associates Investment Management Inc. purchased a new position in LendingTree in the 2nd quarter worth approximately $32,140,000. S Squared Technology LLC bought a new stake in LendingTree during the 2nd quarter valued at $4,795,190. BlackRock Inc. purchased a new stake in LendingTree during the 2nd quarter valued at $54,329,000. Finally, Jennison Associates LLC boosted its position in LendingTree by 74.0% during the 1st quarter. Jennison Associates LLC now owns 1,020,211 shares of the financial services provider’s stock valued at $43,747,000 after buying an additional 434,038 shares during the period. Institutional investors own 68.26% of the company’s stock.

Analyst Upgrades and Downgrades

TREE has been the subject of a number of analyst reports. Northland Securities set a $60.00 target price on shares of LendingTree in a report on Thursday, July 30th. Zacks Research cut LendingTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Truist Financial cut their price target on shares of LendingTree from $78.00 to $70.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Keefe, Bruyette & Woods decreased their target price on LendingTree from $70.00 to $58.00 and set an “outperform” rating for the company in a research report on Monday, July 13th. Finally, Wall Street Zen raised LendingTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, LendingTree currently has an average rating of “Moderate Buy” and an average price target of $61.33.

LendingTree Price Performance

TREE stock opened at $27.82 on Thursday. The firm has a 50 day moving average price of $37.21 and a 200-day moving average price of $39.29. LendingTree, Inc. has a 52-week low of $27.07 and a 52-week high of $77.35. The firm has a market capitalization of $390.59 million, a price-to-earnings ratio of 2.16 and a beta of 2.05. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.85 and a current ratio of 1.85.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.68 earnings per share for the quarter, missing the consensus estimate of $1.41 by ($0.73). The company had revenue of $313.42 million during the quarter, compared to analysts’ expectations of $315.56 million. LendingTree had a return on equity of 14.57% and a net margin of 14.33%.The business’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.13 EPS. Equities research analysts forecast that LendingTree, Inc. will post 3.49 EPS for the current fiscal year.

LendingTree 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.