Cambridge Investment Research Advisors Inc. Purchases 202 Shares of Lendingtree Inc (TREE)

Cambridge Investment Research Advisors Inc. lifted its position in shares of Lendingtree Inc (NASDAQ:TREE) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,969 shares of the financial services provider’s stock after purchasing an additional 202 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Lendingtree were worth $1,011,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. increased its stake in shares of Lendingtree by 5.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 33,435 shares of the financial services provider’s stock worth $8,174,000 after purchasing an additional 1,862 shares during the period. Private Advisory Group LLC bought a new position in shares of Lendingtree during the fourth quarter worth approximately $844,000. Shelton Capital Management bought a new position in shares of Lendingtree during the fourth quarter worth approximately $244,000. BlackRock Inc. increased its stake in shares of Lendingtree by 1.8% during the fourth quarter. BlackRock Inc. now owns 880,746 shares of the financial services provider’s stock worth $299,851,000 after purchasing an additional 15,596 shares during the period. Finally, Leucadia National Corp bought a new position in shares of Lendingtree during the fourth quarter worth approximately $299,000. Institutional investors own 77.02% of the company’s stock.

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A number of equities analysts have recently weighed in on the company. SunTrust Banks assumed coverage on Lendingtree in a research note on Tuesday, January 23rd. They set a “hold” rating on the stock. Bank of America reiterated a “buy” rating and set a $425.00 target price on shares of Lendingtree in a research note on Tuesday, January 23rd. BidaskClub upgraded Lendingtree from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 17th. Stephens increased their target price on Lendingtree from $385.00 to $420.00 and gave the stock an “overweight” rating in a research note on Monday, March 19th. They noted that the move was a valuation call. Finally, ValuEngine lowered Lendingtree from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $327.33.

In other Lendingtree news, insider Carla Shumate sold 4,800 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $343.72, for a total value of $1,649,856.00. Following the sale, the insider now owns 7,227 shares of the company’s stock, valued at approximately $2,484,064.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas R. Lebda sold 14,750 shares of the firm’s stock in a transaction on Thursday, April 5th. The shares were sold at an average price of $323.22, for a total value of $4,767,495.00. Following the completion of the sale, the chief executive officer now directly owns 517,706 shares in the company, valued at approximately $167,332,933.32. The disclosure for this sale can be found here. Insiders have sold 103,154 shares of company stock worth $34,695,232 in the last three months. 21.90% of the stock is currently owned by company insiders.

Shares of NASDAQ:TREE opened at $322.80 on Friday. The company has a market cap of $4,014.11, a P/E ratio of 106.89, a P/E/G ratio of 1.96 and a beta of 1.73. Lendingtree Inc has a 1 year low of $116.70 and a 1 year high of $404.40. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.97 and a current ratio of 2.97.

Lendingtree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.06). The company had revenue of $161.00 million for the quarter, compared to analyst estimates of $150.25 million. Lendingtree had a return on equity of 14.67% and a net margin of 2.52%. The company’s quarterly revenue was up 59.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.87 EPS. analysts anticipate that Lendingtree Inc will post 4.11 EPS for the current fiscal year.

Lendingtree announced that its Board of Directors has authorized a share buyback plan on Thursday, February 22nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

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About Lendingtree

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

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Institutional Ownership by Quarter for Lendingtree (NASDAQ:TREE)

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