Intellectus Partners LLC Acquires 4,750 Shares of LendingTree, Inc. (NASDAQ:TREE)

Intellectus Partners LLC raised its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 29.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,800 shares of the financial services provider’s stock after acquiring an additional 4,750 shares during the quarter. Intellectus Partners LLC owned about 0.16% of LendingTree worth $631,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in LendingTree by 109.9% during the third quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock worth $156,000 after buying an additional 5,276 shares in the last quarter. Olympiad Research LP increased its position in shares of LendingTree by 36.4% in the third quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider’s stock worth $194,000 after purchasing an additional 3,336 shares during the last quarter. Bristlecone Advisors LLC purchased a new stake in LendingTree in the fourth quarter valued at approximately $201,000. Principal Financial Group Inc. bought a new stake in LendingTree during the third quarter valued at approximately $205,000. Finally, Sunbelt Securities Inc. lifted its position in LendingTree by 47.4% during the third quarter. Sunbelt Securities Inc. now owns 15,448 shares of the financial services provider’s stock valued at $239,000 after purchasing an additional 4,970 shares during the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on TREE shares. Needham & Company LLC raised their price objective on shares of LendingTree from $17.00 to $40.00 and gave the company a “buy” rating in a research report on Wednesday, February 28th. Truist Financial lifted their price target on LendingTree from $24.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods upgraded LendingTree from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $24.00 to $45.00 in a research report on Wednesday, February 28th. StockNews.com downgraded LendingTree from a “buy” rating to a “hold” rating in a research report on Monday, March 25th. Finally, Susquehanna increased their price target on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, LendingTree has a consensus rating of “Moderate Buy” and a consensus target price of $36.57.

LendingTree Stock Up 4.0 %

NASDAQ TREE opened at $37.90 on Monday. LendingTree, Inc. has a 1 year low of $10.12 and a 1 year high of $44.51. The stock has a market capitalization of $494.33 million, a PE ratio of -4.02 and a beta of 2.19. The company has a debt-to-equity ratio of 4.23, a current ratio of 2.60 and a quick ratio of 2.60. The business’s 50-day moving average is $38.36 and its 200 day moving average is $28.93.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.14. LendingTree had a negative return on equity of 4.22% and a negative net margin of 18.20%. The firm had revenue of $134.40 million for the quarter, compared to analyst estimates of $135.55 million. During the same period last year, the company earned ($0.53) EPS. Sell-side analysts forecast that LendingTree, Inc. will post -0.36 earnings per share for the current year.

About LendingTree

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.