Geode Capital Management LLC Buys 1,170 Shares of Lendingtree Inc (NASDAQ:TREE)

Geode Capital Management LLC lifted its position in Lendingtree Inc (NASDAQ:TREE) by 1.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 114,460 shares of the financial services provider’s stock after acquiring an additional 1,170 shares during the period. Geode Capital Management LLC owned approximately 0.89% of Lendingtree worth $25,131,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in TREE. Whittier Trust Co. grew its stake in shares of Lendingtree by 488.2% in the fourth quarter. Whittier Trust Co. now owns 200 shares of the financial services provider’s stock valued at $44,000 after buying an additional 166 shares in the last quarter. Toronto Dominion Bank bought a new position in Lendingtree during the fourth quarter worth $71,000. Advisors Asset Management Inc. boosted its position in Lendingtree by 27.7% during the fourth quarter. Advisors Asset Management Inc. now owns 683 shares of the financial services provider’s stock worth $150,000 after purchasing an additional 148 shares during the period. Blueshift Asset Management LLC acquired a new stake in shares of Lendingtree during the fourth quarter worth $246,000. Finally, Raymond James & Associates lifted its holdings in shares of Lendingtree by 21.3% during the fourth quarter. Raymond James & Associates now owns 1,157 shares of the financial services provider’s stock worth $254,000 after buying an additional 203 shares in the last quarter. Institutional investors and hedge funds own 84.74% of the company’s stock.

In other Lendingtree news, insider Carla Shumate sold 17,505 shares of the company’s stock in a transaction on Friday, March 29th. The stock was sold at an average price of $350.00, for a total value of $6,126,750.00. Following the completion of the transaction, the insider now owns 20,162 shares in the company, valued at approximately $7,056,700. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven Ozonian sold 975 shares of the stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $314.98, for a total value of $307,105.50. Following the transaction, the director now owns 6,394 shares of the company’s stock, valued at approximately $2,013,982.12. The disclosure for this sale can be found here. Insiders have sold 27,280 shares of company stock worth $9,332,679 over the last ninety days. 20.50% of the stock is owned by insiders.

Shares of Lendingtree stock traded down $0.66 on Wednesday, reaching $370.37. 98,900 shares of the company’s stock were exchanged, compared to its average volume of 173,742. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 41.71, a PEG ratio of 2.82 and a beta of 2.40. Lendingtree Inc has a 52 week low of $183.25 and a 52 week high of $384.97. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.89 and a current ratio of 0.89.

Lendingtree (NASDAQ:TREE) last posted its quarterly earnings results on Tuesday, February 26th. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.04). Lendingtree had a return on equity of 13.92% and a net margin of 12.62%. The business had revenue of $202.70 million for the quarter, compared to the consensus estimate of $208.14 million. During the same quarter in the previous year, the company posted $0.84 earnings per share. Lendingtree’s quarterly revenue was up 25.9% on a year-over-year basis. On average, equities research analysts forecast that Lendingtree Inc will post 4.92 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. ValuEngine downgraded Lendingtree from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. UBS Group downgraded Lendingtree from a “buy” rating to a “neutral” rating and boosted their price target for the company from $305.00 to $320.00 in a research note on Thursday, February 28th. Deutsche Bank boosted their price target on Lendingtree from $270.00 to $330.00 and gave the company a “hold” rating in a research note on Wednesday, February 27th. SunTrust Banks boosted their target price on Lendingtree to $285.00 and gave the stock a “positive” rating in a research note on Wednesday, February 27th. They noted that the move was a valuation call. Finally, Northland Securities downgraded Lendingtree from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 26th. Seven research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Lendingtree currently has an average rating of “Buy” and a consensus price target of $299.78.

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Lendingtree Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans 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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