Connors Investor Services Inc. decreased its stake in Lendingtree Inc (NASDAQ:TREE) by 0.7% in the 1st quarter, Holdings Channel reports. The firm owned 9,768 shares of the financial services provider’s stock after selling 67 shares during the quarter. Connors Investor Services Inc.’s holdings in Lendingtree were worth $3,434,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Whittier Trust Co. lifted its stake in Lendingtree by 488.2% in the 4th quarter. Whittier Trust Co. now owns 200 shares of the financial services provider’s stock valued at $44,000 after purchasing an additional 166 shares during the last quarter. US Bancorp DE raised its stake in shares of Lendingtree by 2,212.5% during the first quarter. US Bancorp DE now owns 185 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 177 shares during the last quarter. Toronto Dominion Bank bought a new position in shares of Lendingtree during the fourth quarter valued at $71,000. Amundi Pioneer Asset Management Inc. bought a new position in shares of Lendingtree during the fourth quarter valued at $108,000. Finally, Strs Ohio bought a new position in shares of Lendingtree during the first quarter valued at $140,000. 84.75% of the stock is owned by institutional investors and hedge funds.
NASDAQ:TREE opened at $375.74 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $4.84 billion, a price-to-earnings ratio of 42.31, a P/E/G ratio of 3.49 and a beta of 2.38. Lendingtree Inc has a 12 month low of $183.25 and a 12 month high of $400.95.
Lendingtree (NASDAQ:TREE) last posted its quarterly earnings results on Friday, April 26th. The financial services provider reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.56. The business had revenue of $262.40 million during the quarter, compared to analysts’ expectations of $239.73 million. Lendingtree had a net margin of 7.62% and a return on equity of 13.71%. The business’s quarterly revenue was up 45.0% on a year-over-year basis. During the same period last year, the company posted $1.10 earnings per share. As a group, research analysts anticipate that Lendingtree Inc will post 3.85 EPS for the current year.
Several equities analysts have recently issued reports on TREE shares. ValuEngine raised shares of Lendingtree from a “hold” rating to a “buy” rating in a research note on Wednesday, March 27th. Bank of America reaffirmed a “buy” rating and set a $420.00 price target (up previously from $400.00) on shares of Lendingtree in a research note on Monday, April 29th. Compass Point reissued a “buy” rating and set a $345.00 target price (up previously from $305.00) on shares of Lendingtree in a research note on Tuesday, April 30th. Zacks Investment Research raised shares of Lendingtree from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. Finally, SunTrust Banks lifted their target price on shares of Lendingtree to $326.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $346.00.
In other Lendingtree news, President Neil Salvage sold 1,370 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $393.00, for a total value of $538,410.00. Following the completion of the sale, the president now directly owns 10,671 shares in the company, valued at $4,193,703. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven Ozonian sold 1,650 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $373.06, for a total transaction of $615,549.00. Following the completion of the sale, the director now owns 5,467 shares of the company’s stock, valued at $2,039,519.02. The disclosure for this sale can be found here. Insiders sold 37,593 shares of company stock valued at $13,633,341 over the last 90 days. Corporate insiders own 17.90% of the company’s stock.
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Lendingtree Company Profile
LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.
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