Nationwide Fund Advisors increased its position in shares of Tree.com Inc. (NASDAQ:TREE) by 59.9% during the second quarter, Holdings Channel reports. The institutional investor owned 43,927 shares of the company’s stock after buying an additional 16,455 shares during the period. Nationwide Fund Advisors owned 0.37% of Tree.com worth $3,880,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its position in Tree.com by 5.6% in the second quarter. SG Americas Securities LLC now owns 2,791 shares of the company’s stock valued at $247,000 after buying an additional 147 shares during the period. Prudential Financial Inc. raised its position in Tree.com by 0.9% in the first quarter. Prudential Financial Inc. now owns 16,665 shares of the company’s stock valued at $1,630,000 after buying an additional 150 shares during the period. Capstone Asset Management Co. raised its position in Tree.com by 21.1% in the second quarter. Capstone Asset Management Co. now owns 4,760 shares of the company’s stock valued at $420,000 after buying an additional 830 shares during the period. BNP Paribas Arbitrage SA raised its position in Tree.com by 121.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,126 shares of the company’s stock valued at $188,000 after buying an additional 1,168 shares during the period. Finally, Societe Generale acquired a new position in Tree.com during the second quarter valued at about $247,000. Institutional investors and hedge funds own 82.63% of the company’s stock.
Tree.com Inc. (NASDAQ:TREE) traded up 0.43% during midday trading on Tuesday, hitting $97.58. 48,805 shares of the company traded hands. The firm has a market capitalization of $1.15 billion, a PE ratio of 24.23 and a beta of 1.12. Tree.com Inc. has a 12-month low of $52.11 and a 12-month high of $131.83. The stock’s 50-day moving average is $98.45 and its 200-day moving average is $92.28.
Tree.com (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.92 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.20. Tree.com had a net margin of 15.33% and a return on equity of 30.48%. The business had revenue of $94.30 million for the quarter, compared to analyst estimates of $95.48 million. During the same period in the prior year, the business posted $0.63 earnings per share. Tree.com’s revenue was up 71.1% compared to the same quarter last year. Analysts anticipate that Tree.com Inc. will post $3.29 EPS for the current fiscal year.
Several research analysts have issued reports on the stock. Mizuho decreased their price target on shares of Tree.com from $122.00 to $116.00 and set a “buy” rating on the stock in a research report on Friday, September 16th. Needham & Company LLC restated a “buy” rating and issued a $140.00 price target on shares of Tree.com in a research report on Wednesday, September 28th. Vetr lowered shares of Tree.com from a “strong-buy” rating to a “buy” rating and set a $118.86 price target on the stock. in a research report on Tuesday, August 23rd. Zacks Investment Research upgraded shares of Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Thursday, August 4th. Finally, RBC Capital Markets reiterated a “buy” rating and set a $150.00 price objective on shares of Tree.com in a research report on Thursday, July 28th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $128.45.
LendingTree, Inc (LendingTree), formerly Tree.com, Inc, is engaged in operating an online loan marketplace for consumers. The Company offers a range of loan types and other credit-based offerings for its consumers. The Company operates through Lending activities segment. 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, reverse mortgage, auto loans, credit cards, personal loans, student loans and small business loans, and other related offerings.
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