UBS Group AG grew its holdings in shares of LendingTree, Inc. (NASDAQ:TREE – Free Report) by 374.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 143,924 shares of the financial services provider’s stock after purchasing an additional 113,574 shares during the period. UBS Group AG owned 1.05% of LendingTree worth $7,641,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Financial Management Professionals Inc. bought a new stake in shares of LendingTree during the 4th quarter valued at about $25,000. State of Alaska Department of Revenue bought a new position in LendingTree in the third quarter worth about $35,000. Tower Research Capital LLC TRC lifted its holdings in LendingTree by 281.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,120 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 826 shares during the last quarter. Advisory Services Network LLC acquired a new position in LendingTree in the third quarter valued at approximately $95,000. Finally, National Bank of Canada FI acquired a new position in LendingTree in the third quarter valued at approximately $159,000. 68.26% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on TREE. JPMorgan Chase & Co. assumed coverage on LendingTree in a research report on Tuesday, April 14th. They set an “overweight” rating and a $50.00 price target on the stock. Wall Street Zen upgraded LendingTree from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 2nd. Truist Financial set a $78.00 target price on LendingTree in a research report on Friday, May 1st. Needham & Company LLC reiterated a “buy” rating and issued a $60.00 target price on shares of LendingTree in a research note on Friday, May 1st. Finally, Zacks Research raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $68.60.
LendingTree Stock Performance
Shares of TREE stock opened at $36.25 on Tuesday. LendingTree, Inc. has a 12-month low of $32.65 and a 12-month high of $77.35. The company has a debt-to-equity ratio of 1.27, a current ratio of 1.89 and a quick ratio of 1.89. The firm has a market capitalization of $505.69 million, a price-to-earnings ratio of 2.82 and a beta of 2.14. The business has a 50 day simple moving average of $42.51 and a 200 day simple moving average of $49.01.
LendingTree (NASDAQ:TREE – Get Free Report) last announced its earnings results on Thursday, April 30th. The financial services provider reported $1.38 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.11). LendingTree had a net margin of 15.02% and a return on equity of 17.01%. The business had revenue of $319.07 million for the quarter, compared to the consensus estimate of $321.33 million. During the same period in the previous year, the firm earned $0.99 EPS. The firm’s revenue was up 36.5% on a year-over-year basis. On average, equities research analysts anticipate that LendingTree, Inc. will post 3.64 EPS for the current year.
LendingTree Company Profile
LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.
Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.
See Also
- Five stocks we like better than LendingTree
- Why Applied Optoelectronics Stock May Be Near a Turning Point
- From High-Yield to High-Growth: 3 Stocks Boosting Dividends
- Is Everspin Technologies the Next AI Edge Breakout?
- 5 Robotics Stocks to Watch as Physical AI Builds Momentum
Want to see what other hedge funds are holding TREE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for LendingTree, Inc. (NASDAQ:TREE – Free Report).
Receive News & Ratings for LendingTree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingTree and related companies with MarketBeat.com's FREE daily email newsletter.
