Emerald Mutual Fund Advisers Trust Sells 3,220 Shares of LendingTree, Inc. $TREE

Emerald Mutual Fund Advisers Trust lowered its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 246,285 shares of the financial services provider’s stock after selling 3,220 shares during the period. Emerald Mutual Fund Advisers Trust’s holdings in LendingTree were worth $9,130,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Emerald Advisers LLC boosted its holdings in LendingTree by 0.9% during the second quarter. Emerald Advisers LLC now owns 381,978 shares of the financial services provider’s stock worth $14,160,000 after buying an additional 3,415 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of LendingTree by 4.3% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 357,641 shares of the financial services provider’s stock valued at $17,979,000 after purchasing an additional 14,644 shares in the last quarter. Nuveen LLC bought a new position in shares of LendingTree during the 1st quarter valued at about $11,603,000. Harbor Capital Advisors Inc. bought a new position in shares of LendingTree during the 2nd quarter valued at about $7,337,000. Finally, Federated Hermes Inc. lifted its holdings in shares of LendingTree by 1.3% during the 1st quarter. Federated Hermes Inc. now owns 168,782 shares of the financial services provider’s stock valued at $8,485,000 after purchasing an additional 2,110 shares in the last quarter. Institutional investors own 68.26% of the company’s stock.

Analyst Upgrades and Downgrades

TREE has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of LendingTree in a report on Wednesday, October 8th. Keefe, Bruyette & Woods upgraded LendingTree from a “moderate buy” rating to a “strong-buy” rating in a report on Friday, August 22nd. Needham & Company LLC lifted their price objective on LendingTree from $62.00 to $70.00 and gave the company a “buy” rating in a report on Friday, August 1st. Zacks Research cut LendingTree from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Finally, Truist Financial set a $62.00 target price on LendingTree and gave the company a “buy” rating in a research note on Monday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, LendingTree currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.38.

Insider Buying and Selling

In related news, Director Diego A. Rodriguez sold 1,200 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $69.78, for a total transaction of $83,736.00. Following the transaction, the director directly owned 8,113 shares of the company’s stock, valued at approximately $566,125.14. The trade was a 12.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jason Bengel sold 6,469 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.86, for a total value of $445,455.34. Following the transaction, the chief financial officer directly owned 6,517 shares in the company, valued at $448,760.62. The trade was a 49.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 8,669 shares of company stock valued at $598,331. 23.10% of the stock is owned by insiders.

LendingTree Stock Down 1.2%

TREE stock opened at $60.40 on Thursday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 3.26. The firm has a market capitalization of $822.65 million, a PE ratio of -14.88 and a beta of 1.71. LendingTree, Inc. has a 1-year low of $33.50 and a 1-year high of $77.35. The business’s 50 day simple moving average is $65.98 and its 200 day simple moving average is $50.76.

LendingTree (NASDAQ:TREE) last posted its earnings results on Thursday, July 31st. The financial services provider reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.04. The business had revenue of $250.10 million for the quarter, compared to analyst estimates of $244.03 million. LendingTree had a positive return on equity of 25.79% and a negative net margin of 5.33%.LendingTree’s revenue was up 19.0% compared to the same quarter last year. As a group, research analysts anticipate that LendingTree, Inc. will post 0.48 EPS for the current year.

LendingTree Company 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.