LendingTree, Inc. $TREE Stock Holdings Lifted by Mariner LLC

Mariner LLC increased its position in LendingTree, Inc. (NASDAQ:TREE) by 31.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,760,407 shares of the financial services provider’s stock after acquiring an additional 421,826 shares during the period. Mariner LLC owned approximately 12.88% of LendingTree worth $93,461,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Jennison Associates LLC acquired a new position in LendingTree during the 4th quarter valued at about $31,120,000. Ameriprise Financial Inc. raised its holdings in shares of LendingTree by 1,747.8% during the second quarter. Ameriprise Financial Inc. now owns 546,536 shares of the financial services provider’s stock valued at $20,260,000 after acquiring an additional 516,958 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of LendingTree by 1,163.1% during the third quarter. Arrowstreet Capital Limited Partnership now owns 263,835 shares of the financial services provider’s stock worth $17,078,000 after purchasing an additional 242,947 shares during the period. UBS Group AG boosted its holdings in shares of LendingTree by 374.2% during the fourth quarter. UBS Group AG now owns 143,924 shares of the financial services provider’s stock worth $7,641,000 after purchasing an additional 113,574 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of LendingTree during the third quarter worth approximately $6,153,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Stock Performance

Shares of TREE stock opened at $37.17 on Tuesday. 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 stock has a market cap of $518.52 million, a PE ratio of 2.89 and a beta of 2.04. The stock has a 50-day moving average of $40.64 and a 200-day moving average of $46.54. LendingTree, Inc. has a one year low of $32.65 and a one year high of $77.35.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.38 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.11). The company had revenue of $319.07 million during the quarter, compared to the consensus estimate of $321.33 million. LendingTree had a net margin of 15.02% and a return on equity of 17.01%. The business’s revenue was up 36.5% compared to the same quarter last year. During the same period last year, the company earned $0.99 earnings per share. As a group, sell-side analysts expect that LendingTree, Inc. will post 3.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on TREE. Wall Street Zen raised shares of LendingTree from a “buy” rating to a “strong-buy” rating in a research report on Saturday. JPMorgan Chase & Co. initiated coverage on shares of LendingTree in a report on Tuesday, April 14th. They issued an “overweight” rating and a $50.00 price target on the stock. Zacks Research upgraded shares of LendingTree from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Needham & Company LLC restated a “buy” rating and issued a $60.00 target price on shares of LendingTree in a research note on Friday, May 1st. Finally, Truist Financial set a $78.00 price target on shares of LendingTree in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $68.60.

About LendingTree

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.