Corient Private Wealth LP Buys New Stake in LendingTree, Inc. $TREE

Corient Private Wealth LP acquired a new position in LendingTree, Inc. (NASDAQ:TREE) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 27,760 shares of the financial services provider’s stock, valued at approximately $1,229,000.

Other large investors have also made changes to their positions in the company. Fifth Third Bancorp bought a new stake in LendingTree in the 4th quarter valued at $32,000. OP Asset Management Ltd acquired a new position in LendingTree in the first quarter worth $34,000. Tower Research Capital LLC TRC lifted its position in LendingTree by 281.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,120 shares of the financial services provider’s stock worth $42,000 after buying an additional 826 shares in the last quarter. New York State Teachers Retirement System bought a new stake in shares of LendingTree during the fourth quarter valued at approximately $54,000. Finally, Meeder Asset Management Inc. bought a new position in LendingTree in the 4th quarter valued at $94,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Trading Up 1.2%

TREE opened at $28.35 on Friday. The company’s 50 day moving average is $36.76 and its 200-day moving average is $39.13. The company has a market cap of $398.03 million, a P/E ratio of 2.20 and a beta of 2.05. LendingTree, Inc. has a 1-year low of $27.07 and a 1-year high of $77.35. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 1.20.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.41 by ($0.73). LendingTree had a net margin of 14.33% and a return on equity of 14.57%. The business had revenue of $313.42 million during the quarter, compared to analyst estimates of $315.56 million. During the same quarter last year, the company posted $1.13 earnings per share. The company’s revenue was up 25.3% compared to the same quarter last year. Equities research analysts predict that LendingTree, Inc. will post 3.49 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Northland Securities set a $60.00 price target on shares of LendingTree in a research report on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of LendingTree in a research report on Wednesday, June 24th. Truist Financial decreased their price target on shares of LendingTree from $78.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, July 30th. Keefe, Bruyette & Woods cut their price objective on LendingTree from $70.00 to $58.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Finally, Zacks Research cut LendingTree from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $61.33.

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.