Axa boosted its stake in Lendingtree Inc (NASDAQ:TREE) by 164.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,400 shares of the financial services provider’s stock after purchasing an additional 24,474 shares during the period. Axa’s holdings in Lendingtree were worth $13,414,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the business. Invictus RG bought a new stake in shares of Lendingtree during the 3rd quarter valued at $104,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Lendingtree during the 4th quarter valued at $153,000. Advisor Group Inc. grew its position in shares of Lendingtree by 61.7% during the 3rd quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 201 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Lendingtree by 34.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 639 shares of the financial services provider’s stock valued at $218,000 after acquiring an additional 165 shares during the period. Finally, Polen Capital Management LLC bought a new stake in shares of Lendingtree during the 4th quarter valued at $227,000. 77.15% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on the stock. Susquehanna Bancshares assumed coverage on shares of Lendingtree in a research report on Wednesday. They set a “neutral” rating and a $325.00 price objective for the company. BidaskClub downgraded shares of Lendingtree from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 24th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $385.00 target price on shares of Lendingtree in a report on Friday, February 23rd. Needham & Company LLC upped their target price on shares of Lendingtree from $300.00 to $375.00 and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, Stephens reaffirmed an “overweight” rating and issued a $375.00 target price (up previously from $300.00) on shares of Lendingtree in a report on Monday, December 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $308.33.
Lendingtree Inc (TREE) opened at $350.60 on Friday. The firm has a market cap of $4,202.06, a price-to-earnings ratio of 327.66, a P/E/G ratio of 2.05 and a beta of 1.66. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.81. Lendingtree Inc has a 1-year low of $115.25 and a 1-year high of $404.40.
Lendingtree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.06). The company had revenue of $161.00 million during the quarter, compared to analysts’ expectations of $150.25 million. Lendingtree had a return on equity of 14.67% and a net margin of 2.52%. The firm’s revenue for the quarter was up 59.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.87 EPS. analysts expect that Lendingtree Inc will post 4.11 earnings per share for the current fiscal year.
Lendingtree announced that its Board of Directors has approved a stock repurchase program on Thursday, February 22nd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
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LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. 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 loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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