Oregon Public Employees Retirement Fund Has $1.25 Million Holdings in Lendingtree Inc (NASDAQ:TREE)

Oregon Public Employees Retirement Fund raised its holdings in shares of Lendingtree Inc (NASDAQ:TREE) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,983 shares of the financial services provider’s stock after buying an additional 43 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Lendingtree were worth $1,253,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Meridian Wealth Management LLC bought a new stake in shares of Lendingtree during the first quarter valued at approximately $35,000. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Lendingtree during the fourth quarter valued at approximately $108,000. Strs Ohio bought a new stake in shares of Lendingtree during the first quarter valued at approximately $140,000. Magnus Financial Group LLC bought a new stake in shares of Lendingtree during the first quarter valued at approximately $243,000. Finally, Dupont Capital Management Corp bought a new stake in shares of Lendingtree during the first quarter valued at approximately $246,000. Institutional investors own 80.09% of the company’s stock.

NASDAQ:TREE traded up $2.91 during trading hours on Tuesday, reaching $316.47. The company had a trading volume of 657 shares, compared to its average volume of 238,938. The business has a 50-day simple moving average of $395.49. Lendingtree Inc has a one year low of $183.25 and a one year high of $434.94. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 35.53, a PEG ratio of 11.18 and a beta of 2.18. The company has a quick ratio of 0.67, a current ratio of 0.67 and a debt-to-equity ratio of 0.69.

Lendingtree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.50. Lendingtree had a return on equity of 12.54% and a net margin of 3.63%. The firm had revenue of $278.40 million for the quarter, compared to analysts’ expectations of $267.46 million. During the same period in the prior year, the business posted $1.47 earnings per share. The business’s revenue was up 51.2% compared to the same quarter last year. As a group, equities research analysts predict that Lendingtree Inc will post 1.22 earnings per share for the current year.

A number of research firms have recently issued reports on TREE. BidaskClub cut Lendingtree from a “hold” rating to a “sell” rating in a research report on Tuesday, July 30th. TheStreet cut Lendingtree from a “b” rating to a “c+” rating in a research report on Monday, July 29th. Susquehanna Bancshares upgraded Lendingtree from a “neutral” rating to a “positive” rating in a research report on Thursday, July 25th. Bank of America restated a “buy” rating and set a $390.00 price objective (down from $420.00) on shares of Lendingtree in a research report on Friday, July 26th. Finally, Compass Point restated a “buy” rating and set a $345.00 price objective (up from $305.00) on shares of Lendingtree in a research report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $356.00.

In other news, President Neil Salvage sold 9,468 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $374.33, for a total transaction of $3,544,156.44. Following the sale, the president now owns 13,569 shares in the company, valued at $5,079,283.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO J D. Moriarty sold 8,899 shares of the stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $390.23, for a total value of $3,472,656.77. Following the sale, the chief financial officer now owns 11,735 shares in the company, valued at approximately $4,579,349.05. The disclosure for this sale can be found here. Insiders sold 48,093 shares of company stock worth $19,608,350 over the last quarter. Company insiders own 17.90% of the company’s stock.

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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