Osterweis Capital Management Inc. Sells 6,020 Shares of Lendingtree Inc (TREE)

Osterweis Capital Management Inc. reduced its position in shares of Lendingtree Inc (NASDAQ:TREE) by 30.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,032 shares of the financial services provider’s stock after selling 6,020 shares during the quarter. Osterweis Capital Management Inc. owned 0.12% of Lendingtree worth $4,777,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Invictus RG bought a new stake in Lendingtree in the third quarter worth $104,000. Advisor Group Inc. boosted its stake in shares of Lendingtree by 61.7% during the third quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 201 shares during the period. Public Employees Retirement Association of Colorado purchased a new stake in shares of Lendingtree during the fourth quarter valued at $153,000. Aperio Group LLC purchased a new stake in shares of Lendingtree during the third quarter valued at $201,000. Finally, Amalgamated Bank purchased a new stake in shares of Lendingtree during the third quarter valued at $217,000. Hedge funds and other institutional investors own 77.36% of the company’s stock.

A number of research firms recently weighed in on TREE. SunTrust Banks assumed coverage on shares of Lendingtree in a research note on Tuesday, January 23rd. They issued a “hold” rating for the company. Bank of America restated a “buy” rating and set a $425.00 price objective on shares of Lendingtree in a report on Tuesday, January 23rd. ValuEngine downgraded shares of Lendingtree from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Susquehanna Bancshares assumed coverage on Lendingtree in a research report on Wednesday, March 7th. They issued a “neutral” rating and a $325.00 price objective on the stock. Finally, BWS Financial set a $194.00 target price on Lendingtree and gave the company a “sell” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company. Lendingtree currently has a consensus rating of “Buy” and a consensus price target of $308.33.

In related news, CEO Douglas R. Lebda sold 8,000 shares of the stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $338.81, for a total value of $2,710,480.00. Following the completion of the transaction, the chief executive officer now owns 379,327 shares of the company’s stock, valued at $128,519,780.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Steven Ozonian sold 500 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $360.00, for a total value of $180,000.00. Following the transaction, the director now directly owns 8,879 shares in the company, valued at approximately $3,196,440. The disclosure for this sale can be found here. Insiders have sold 101,654 shares of company stock worth $34,611,677 over the last quarter. 21.90% of the stock is currently owned by company insiders.

Lendingtree Inc (NASDAQ TREE) traded up $24.55 during trading hours on Wednesday, hitting $373.35. The stock had a trading volume of 333,994 shares, compared to its average volume of 235,724. Lendingtree Inc has a 1-year low of $115.50 and a 1-year high of $404.40. The firm has a market capitalization of $4,330.00, a price-to-earnings ratio of 348.93, a P/E/G ratio of 2.12 and a beta of 1.66. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.97 and a current ratio of 2.97.

Lendingtree (NASDAQ:TREE) last posted its earnings results on Thursday, February 22nd. The financial services provider reported $0.84 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.06). Lendingtree had a return on equity of 14.67% and a net margin of 2.52%. The firm had revenue of $161.00 million for the quarter, compared to analysts’ expectations of $150.25 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. The firm’s revenue for the quarter was up 59.7% compared to the same quarter last year. analysts expect that Lendingtree Inc will post 4.11 earnings per share for the current fiscal year.

Lendingtree announced that its Board of Directors has initiated a stock repurchase program on Thursday, February 22nd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its stock is undervalued.

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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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