Teachers Retirement System of The State of Kentucky Has $551,000 Position in LendingTree, Inc. (TREE)
Teachers Retirement System of The State of Kentucky maintained its position in LendingTree, Inc. (NASDAQ:TREE) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 3,200 shares of the financial services provider’s stock at the end of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in LendingTree were worth $551,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of TREE. Meeder Asset Management Inc. lifted its holdings in LendingTree by 2,685.7% during the second quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock worth $135,000 after buying an additional 752 shares during the period. SG Americas Securities LLC purchased a new stake in LendingTree during the second quarter worth $148,000. BNP Paribas Arbitrage SA lifted its holdings in LendingTree by 14.3% during the first quarter. BNP Paribas Arbitrage SA now owns 1,339 shares of the financial services provider’s stock worth $168,000 after buying an additional 168 shares during the period. Invictus RG purchased a new stake in LendingTree during the first quarter worth $179,000. Finally, Seven Eight Capital LP purchased a new stake in LendingTree during the second quarter worth $207,000. Institutional investors own 72.07% of the company’s stock.
A number of analysts have weighed in on the company. William Blair assumed coverage on LendingTree in a report on Wednesday, June 21st. They set an “outperform” rating and a $173.00 target price for the company. Stephens reiterated an “overweight” rating and set a $250.00 price objective (up previously from $200.00) on shares of LendingTree in a report on Sunday, July 30th. Royal Bank Of Canada increased their price objective on LendingTree from $160.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Needham & Company LLC reiterated a “buy” rating and set a $250.00 price objective (up previously from $200.00) on shares of LendingTree in a report on Thursday, July 27th. Finally, Northland Securities reiterated a “buy” rating and set a $150.00 price objective on shares of LendingTree in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $203.70.
In related news, Director Steven Ozonian sold 2,850 shares of the business’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $223.05, for a total value of $635,692.50. Following the completion of the sale, the director now directly owns 14,029 shares of the company’s stock, valued at $3,129,168.45. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Douglas R. Lebda sold 4,000 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were sold at an average price of $258.68, for a total transaction of $1,034,720.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,850 shares of company stock valued at $2,124,213. Insiders own 21.90% of the company’s stock.
Shares of LendingTree, Inc. (TREE) opened at 238.45 on Thursday. The stock has a market cap of $2.86 billion, a price-to-earnings ratio of 111.32 and a beta of 1.56. LendingTree, Inc. has a one year low of $75.05 and a one year high of $262.55. The stock’s 50 day moving average price is $241.48 and its 200 day moving average price is $189.47.
LendingTree (NASDAQ:TREE) last issued its earnings results on Thursday, July 27th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.73 by $0.17. The firm had revenue of $152.80 million during the quarter, compared to the consensus estimate of $135.48 million. LendingTree had a net margin of 5.85% and a return on equity of 17.01%. The company’s revenue was up 62.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Analysts forecast that LendingTree, Inc. will post $3.82 earnings per share for the current year.
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.
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