Municipal Employees Retirement System of Michigan boosted its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 66.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,850 shares of the financial services provider’s stock after purchasing an additional 1,140 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in LendingTree were worth $697,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in LendingTree during the 2nd quarter worth $148,000. Aperio Group LLC purchased a new position in LendingTree during the 3rd quarter worth $201,000. Seven Eight Capital LP purchased a new position in LendingTree during the 2nd quarter worth $207,000. Verition Fund Management LLC purchased a new position in LendingTree during the 2nd quarter worth $210,000. Finally, Profund Advisors LLC purchased a new position in LendingTree during the 2nd quarter worth $210,000. 72.09% of the stock is currently owned by institutional investors.

Shares of LendingTree, Inc. (NASDAQ:TREE) opened at $297.80 on Thursday. The firm has a market cap of $3,661.85, a PE ratio of 92.99, a PEG ratio of 3.12 and a beta of 1.51. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78. LendingTree, Inc. has a fifty-two week low of $96.20 and a fifty-two week high of $307.00.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.20. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The firm had revenue of $171.50 million during the quarter, compared to analysts’ expectations of $157.97 million. During the same quarter last year, the business earned $0.80 earnings per share. The business’s revenue for the quarter was up 81.3% compared to the same quarter last year. sell-side analysts expect that LendingTree, Inc. will post 3.06 EPS for the current year.

In related news, CEO Douglas R. Lebda sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, October 11th. The shares were sold at an average price of $258.68, for a total value of $1,034,720.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Neil Salvage sold 1,500 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $267.08, for a total transaction of $400,620.00. Following the completion of the sale, the president now owns 12,907 shares of the company’s stock, valued at approximately $3,447,201.56. The disclosure for this sale can be found here. Insiders sold 73,374 shares of company stock valued at $19,754,566 in the last quarter. Company insiders own 21.90% of the company’s stock.

TREE has been the topic of several analyst reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price (up previously from $250.00) on shares of LendingTree in a report on Thursday, October 26th. Zacks Investment Research raised shares of LendingTree from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Bank of America lifted their target price on shares of LendingTree from $250.00 to $285.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. BWS Financial downgraded shares of LendingTree from a “buy” rating to a “sell” rating and set a $194.00 target price on the stock. in a report on Thursday, October 12th. Finally, Stephens lifted their target price on shares of LendingTree from $250.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. LendingTree currently has an average rating of “Buy” and an average target price of $247.08.

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LendingTree Company Profile

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.

Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

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