Los Angeles Capital Management LLC Acquires Shares of 64,168 LendingTree, Inc. (NASDAQ:TREE)

Los Angeles Capital Management LLC bought a new position in shares of LendingTree, Inc. (NASDAQ:TREE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 64,168 shares of the financial services provider’s stock, valued at approximately $1,946,000. Los Angeles Capital Management LLC owned approximately 0.49% of LendingTree as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TREE. Jacobs Levy Equity Management Inc. raised its holdings in LendingTree by 0.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 345,292 shares of the financial services provider’s stock worth $5,352,000 after purchasing an additional 2,952 shares during the period. Assenagon Asset Management S.A. raised its stake in shares of LendingTree by 26.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock worth $2,943,000 after buying an additional 39,745 shares during the period. Shenkman Capital Management Inc. acquired a new position in shares of LendingTree during the 3rd quarter worth approximately $1,860,000. Qube Research & Technologies Ltd lifted its position in shares of LendingTree by 1.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 116,481 shares of the financial services provider’s stock valued at $1,805,000 after buying an additional 1,568 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in LendingTree by 21.2% in the 3rd quarter. Acadian Asset Management LLC now owns 90,014 shares of the financial services provider’s stock valued at $1,393,000 after acquiring an additional 15,765 shares during the period. 68.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

TREE has been the topic of several research analyst reports. Truist Financial reiterated a “buy” rating and issued a $55.00 target price (up previously from $37.00) on shares of LendingTree in a research report on Wednesday, May 1st. Needham & Company LLC lifted their target price on shares of LendingTree from $40.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, April 30th. Susquehanna increased their target price on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. StockNews.com upgraded shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Thursday, May 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of LendingTree from $45.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.50.

LendingTree Trading Down 2.5 %

Shares of TREE opened at $48.93 on Wednesday. The company has a current ratio of 3.71, a quick ratio of 3.71 and a debt-to-equity ratio of 4.80. The firm has a market capitalization of $647.34 million, a P/E ratio of -4.71 and a beta of 2.10. The firm has a 50-day moving average price of $40.17 and a 200 day moving average price of $30.66. LendingTree, Inc. has a 12-month low of $10.12 and a 12-month high of $52.76.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, beating the consensus estimate of $0.14 by $0.14. The business had revenue of $134.40 million for the quarter, compared to analyst estimates of $135.55 million. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. During the same quarter in the prior year, the company posted ($0.53) EPS. Sell-side analysts forecast that LendingTree, Inc. will post -0.04 EPS for the current year.

Insider Transactions at LendingTree

In related news, CFO Trent Ziegler sold 8,750 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $49.30, for a total value of $431,375.00. Following the sale, the chief financial officer now owns 5 shares in the company, valued at approximately $246.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other LendingTree news, CFO Trent Ziegler sold 8,750 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $49.30, for a total value of $431,375.00. Following the completion of the transaction, the chief financial officer now owns 5 shares of the company’s stock, valued at approximately $246.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Heather Novitsky sold 2,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $49.08, for a total transaction of $98,160.00. Following the completion of the transaction, the general counsel now directly owns 564 shares in the company, valued at $27,681.12. The disclosure for this sale can be found here. Company insiders own 23.00% of the company’s stock.

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.