Wasatch Advisors Inc. cut its stake in shares of Lendingtree Inc (NASDAQ:TREE) by 14.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,493 shares of the financial services provider’s stock after selling 3,442 shares during the period. Wasatch Advisors Inc.’s holdings in Lendingtree were worth $6,977,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in TREE. Vanguard Group Inc. grew its stake in shares of Lendingtree by 45.6% during the second quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock worth $92,333,000 after purchasing an additional 167,933 shares during the period. Janus Henderson Group PLC acquired a new position in Lendingtree in the second quarter valued at about $26,693,000. Davidson Kempner Capital Management LP acquired a new position in Lendingtree in the third quarter valued at about $28,550,000. Macquarie Group Ltd. grew its stake in Lendingtree by 55.6% in the third quarter. Macquarie Group Ltd. now owns 221,383 shares of the financial services provider’s stock valued at $54,117,000 after acquiring an additional 79,065 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Lendingtree by 38.7% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 179,800 shares of the financial services provider’s stock valued at $43,952,000 after acquiring an additional 50,200 shares during the period. 71.68% of the stock is owned by institutional investors and hedge funds.

In other news, CAO Carla Shumate sold 2,414 shares of the business’s stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $275.00, for a total value of $663,850.00. Following the sale, the chief accounting officer now directly owns 4,841 shares in the company, valued at $1,331,275. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Douglas R. Lebda sold 4,000 shares of the business’s stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $350.36, for a total value of $1,401,440.00. Following the completion of the sale, the chief executive officer now owns 536,878 shares in the company, valued at $188,100,576.08. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 125,374 shares of company stock worth $37,115,606. Corporate insiders own 21.90% of the company’s stock.

A number of research analysts have issued reports on the company. Oppenheimer boosted their target price on Lendingtree from $340.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. BWS Financial cut Lendingtree from a “buy” rating to a “sell” rating and set a $194.00 target price for the company. in a research note on Thursday, October 12th. BidaskClub raised Lendingtree from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Stephens reissued an “overweight” rating and issued a $375.00 target price (up from $300.00) on shares of Lendingtree in a research note on Monday, December 18th. Finally, Zacks Investment Research raised Lendingtree from a “sell” rating to a “strong-buy” rating and set a $308.00 target price for the company in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $278.08.

Shares of Lendingtree Inc (NASDAQ TREE) opened at $372.50 on Friday. The company has a market capitalization of $4,461.37, a PE ratio of 163.38, a PEG ratio of 2.21 and a beta of 1.54. Lendingtree Inc has a twelve month low of $103.80 and a twelve month high of $375.20. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78.

Lendingtree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.20. The company had revenue of $171.50 million for the quarter, compared to analyst estimates of $157.97 million. Lendingtree had a return on equity of 16.52% and a net margin of 5.49%. The company’s quarterly revenue was up 81.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.80 earnings per share. sell-side analysts anticipate that Lendingtree Inc will post 3.06 EPS for the current year.

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About Lendingtree

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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Institutional Ownership by Quarter for Lendingtree (NASDAQ:TREE)

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