RPg Family Wealth Advisory LLC Purchases Shares of 90,618 LendingTree, Inc. $TREE

RPg Family Wealth Advisory LLC bought a new position in shares of LendingTree, Inc. (NASDAQ:TREE) in the second quarter, Holdings Channel reports. The institutional investor bought 90,618 shares of the financial services provider’s stock, valued at approximately $3,359,000.

Other large investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC raised its stake in shares of LendingTree by 11.4% in the second quarter. AlphaQuest LLC now owns 2,212 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 227 shares during the last quarter. Ameritas Investment Partners Inc. raised its position in LendingTree by 25.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 1,141 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 230 shares during the last quarter. Rhumbline Advisers boosted its stake in LendingTree by 4.9% in the first quarter. Rhumbline Advisers now owns 14,879 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 698 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of LendingTree by 23.7% during the second quarter. New York State Common Retirement Fund now owns 4,154 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 795 shares during the last quarter. Finally, State of Wyoming increased its stake in shares of LendingTree by 51.1% in the first quarter. State of Wyoming now owns 2,712 shares of the financial services provider’s stock valued at $136,000 after buying an additional 917 shares in the last quarter. 68.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have weighed in on TREE shares. Truist Financial raised their price objective on shares of LendingTree from $62.00 to $72.00 and gave the company a “buy” rating in a research report on Monday, November 3rd. JPMorgan Chase & Co. boosted their price objective on shares of LendingTree from $66.00 to $83.00 and gave the stock an “overweight” rating in a research report on Friday, October 31st. Zacks Research upgraded LendingTree from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of LendingTree in a research report on Monday. Finally, Needham & Company LLC lifted their price objective on LendingTree from $70.00 to $85.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $74.29.

LendingTree Stock Down 1.4%

Shares of NASDAQ:TREE opened at $55.72 on Wednesday. The company has a 50 day moving average price of $58.19 and a two-hundred day moving average price of $52.61. The company has a market capitalization of $761.75 million, a PE ratio of -13.72 and a beta of 1.75. LendingTree, Inc. has a 52 week low of $33.50 and a 52 week high of $77.35. 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 (NASDAQ:TREE) last released its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.23 by $0.47. The business had revenue of $290.62 million during the quarter, compared to analysts’ expectations of $278.36 million. LendingTree had a negative net margin of 5.33% and a positive return on equity of 25.79%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.80 EPS. Analysts forecast that LendingTree, Inc. will post 0.48 earnings per share for the current year.

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.