Intellectus Partners LLC Purchases 4,750 Shares of LendingTree, Inc. (NASDAQ:TREE)

Intellectus Partners LLC boosted its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 29.6% in the fourth quarter, HoldingsChannel reports. The firm owned 20,800 shares of the financial services provider’s stock after acquiring an additional 4,750 shares during the period. Intellectus Partners LLC’s holdings in LendingTree were worth $631,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC raised its position in shares of LendingTree by 109.9% during the 3rd quarter. SG Americas Securities LLC now owns 10,076 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 5,276 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of LendingTree by 13.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 31,727 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 3,864 shares during the last quarter. Olympiad Research LP boosted its position in LendingTree by 36.4% during the third quarter. Olympiad Research LP now owns 12,491 shares of the financial services provider’s stock valued at $194,000 after purchasing an additional 3,336 shares during the last quarter. Principal Financial Group Inc. acquired a new position in LendingTree during the third quarter worth $205,000. Finally, Assenagon Asset Management S.A. raised its position in LendingTree by 26.5% during the third quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock worth $2,943,000 after acquiring an additional 39,745 shares in the last quarter. Institutional investors own 68.26% of the company’s stock.

LendingTree Stock Up 4.0 %

Shares of NASDAQ TREE opened at $37.90 on Monday. LendingTree, Inc. has a one year low of $10.12 and a one year high of $44.51. The stock has a market capitalization of $494.33 million, a PE ratio of -4.02 and a beta of 2.19. The company has a debt-to-equity ratio of 4.23, a current ratio of 2.60 and a quick ratio of 2.60. The business’s fifty day moving average price is $38.36 and its 200-day moving average price is $28.93.

LendingTree (NASDAQ:TREE) last announced its earnings results on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. The firm had revenue of $134.40 million for the quarter, compared to analyst estimates of $135.55 million. LendingTree had a negative net margin of 18.20% and a negative return on equity of 4.22%. During the same quarter in the previous year, the firm posted ($0.53) EPS. On average, equities research analysts anticipate that LendingTree, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on TREE shares. Truist Financial boosted their price objective on shares of LendingTree from $24.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. JPMorgan Chase & Co. increased their price target on LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Needham & Company LLC upped their price target on shares of LendingTree from $17.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. StockNews.com downgraded LendingTree from a “buy” rating to a “hold” rating in a report on Monday, March 25th. Finally, Keefe, Bruyette & Woods raised shares of LendingTree from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $24.00 to $45.00 in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.57.

LendingTree Profile

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.