Punch & Associates Investment Management Inc. trimmed its stake in LendingTree (NASDAQ:TREE) by 28.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,662 shares of the financial services provider’s stock after selling 6,475 shares during the quarter. Punch & Associates Investment Management Inc. owned approximately 0.13% of LendingTree worth $5,468,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TREE. Schwab Charles Investment Management Inc. boosted its stake in LendingTree by 1.9% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 34,069 shares of the financial services provider’s stock valued at $11,599,000 after acquiring an additional 634 shares during the last quarter. APG Asset Management N.V. purchased a new position in LendingTree in the fourth quarter valued at about $1,616,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in LendingTree by 34.8% in the fourth 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 last quarter. Aperio Group LLC boosted its stake in LendingTree by 22.2% in the fourth quarter. Aperio Group LLC now owns 1,006 shares of the financial services provider’s stock valued at $342,000 after acquiring an additional 183 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado purchased a new position in LendingTree in the fourth quarter valued at about $153,000. Hedge funds and other institutional investors own 78.36% of the company’s stock.

LendingTree opened at $270.35 on Thursday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.33 and a current ratio of 3.33. The company has a market cap of $3.29 billion, a P/E ratio of 89.52, a PEG ratio of 2.02 and a beta of 1.80. LendingTree has a 1-year low of $158.00 and a 1-year high of $404.40.

LendingTree (NASDAQ:TREE) last posted its earnings results on Thursday, April 26th. The financial services provider reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.02). The firm had revenue of $181.00 million for the quarter, compared to the consensus estimate of $174.13 million. LendingTree had a return on equity of 11.81% and a net margin of 6.04%. The business’s revenue was up 36.6% on a year-over-year basis. During the same period last year, the company posted $0.85 EPS. research analysts expect that LendingTree will post 3.37 EPS for the current year.

LendingTree announced that its board has authorized a share buyback program on Thursday, February 22nd that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

In related news, CEO Douglas R. Lebda sold 14,750 shares of the company’s stock in a transaction that occurred on Thursday, May 31st. The shares were sold at an average price of $260.43, for a total transaction of $3,841,342.50. Following the sale, the chief executive officer now owns 534,354 shares of the company’s stock, valued at approximately $139,161,812.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robin Henderson sold 1,109 shares of the company’s stock in a transaction that occurred on Monday, April 30th. The stock was sold at an average price of $245.29, for a total transaction of $272,026.61. Following the sale, the director now directly owns 1,844 shares in the company, valued at approximately $452,314.76. The disclosure for this sale can be found here. Insiders have sold a total of 266,519 shares of company stock worth $76,761,258 in the last ninety days. 20.50% of the stock is currently owned by insiders.

Several analysts have recently issued reports on TREE shares. Zacks Investment Research raised shares of LendingTree from a “sell” rating to a “buy” rating and set a $362.00 price target on the stock in a research report on Wednesday, April 25th. BidaskClub lowered shares of LendingTree from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 30th. Northland Securities reissued a “buy” rating and issued a $360.00 price target on shares of LendingTree in a research report on Friday, February 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $385.00 price target on shares of LendingTree in a research report on Friday, February 23rd. Finally, UBS Group raised shares of LendingTree from a “neutral” rating to a “buy” rating and set a $375.00 price target on the stock in a research report on Monday, May 7th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $336.27.

LendingTree Profile

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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