Brown Advisory Inc. trimmed its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 13.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,019 shares of the financial services provider’s stock after selling 469 shares during the quarter. Brown Advisory Inc.’s holdings in LendingTree were worth $738,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Renaissance Group LLC boosted its position in shares of LendingTree by 2.4% in the second quarter. Renaissance Group LLC now owns 2,859 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 68 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of LendingTree by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 5,059 shares of the financial services provider’s stock valued at $871,000 after acquiring an additional 70 shares during the period. Texas Permanent School Fund boosted its position in shares of LendingTree by 1.7% in the second quarter. Texas Permanent School Fund now owns 5,319 shares of the financial services provider’s stock valued at $916,000 after acquiring an additional 90 shares during the period. Municipal Employees Retirement System of Michigan boosted its position in shares of LendingTree by 5.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock valued at $294,000 after acquiring an additional 90 shares during the period. Finally, Campbell Newman Asset Management Inc. boosted its position in shares of LendingTree by 4.9% in the second quarter. Campbell Newman Asset Management Inc. now owns 3,125 shares of the financial services provider’s stock valued at $538,000 after acquiring an additional 145 shares during the period. 72.11% of the stock is owned by hedge funds and other institutional investors.

TREE has been the subject of a number of recent research reports. Needham & Company LLC reissued a “buy” rating and issued a $300.00 target price (up previously from $250.00) on shares of LendingTree in a research report on Thursday, October 26th. Zacks Investment Research raised shares of LendingTree from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Bank of America boosted their target price on shares of LendingTree from $250.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. BWS Financial cut shares of LendingTree from a “buy” rating to a “sell” rating and set a $194.00 target price for the company. in a research report on Thursday, October 12th. Finally, Stephens boosted their target price on shares of LendingTree from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. LendingTree currently has an average rating of “Buy” and a consensus price target of $251.25.

In related news, insider Nikul Patel sold 6,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $309.00, for a total value of $1,854,000.00. Following the completion of the transaction, the insider now owns 4,953 shares of the company’s stock, valued at $1,530,477. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas R. Lebda sold 8,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $306.96, for a total value of $2,455,680.00. Following the completion of the transaction, the chief executive officer now directly owns 403,818 shares of the company’s stock, valued at approximately $123,955,973.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 97,374 shares of company stock valued at $27,064,286. 21.90% of the stock is owned by insiders.

LendingTree, Inc. (TREE) opened at $315.05 on Friday. The company has a market capitalization of $3,725.29, a PE ratio of 94.61, a P/E/G ratio of 2.80 and a beta of 1.54. LendingTree, Inc. has a 52 week low of $96.20 and a 52 week high of $319.42. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.20. The business had revenue of $171.50 million during the quarter, compared to the consensus estimate of $157.97 million. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. LendingTree’s revenue for the quarter was up 81.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. equities analysts expect that LendingTree, Inc. will post 3.06 EPS for the current year.

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LendingTree Profile

LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.

Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

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