Range Financial Group LLC Invests $1.41 Million in LendingTree, Inc. $TREE

Range Financial Group LLC acquired a new position in LendingTree, Inc. (NASDAQ:TREE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 21,758 shares of the financial services provider’s stock, valued at approximately $1,408,000. Range Financial Group LLC owned approximately 0.16% of LendingTree as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in TREE. American Century Companies Inc. increased its stake in LendingTree by 6.6% in the 1st quarter. American Century Companies Inc. now owns 23,793 shares of the financial services provider’s stock worth $1,196,000 after acquiring an additional 1,475 shares during the last quarter. AlphaQuest LLC grew its holdings in shares of LendingTree by 806.4% during the first quarter. AlphaQuest LLC now owns 1,985 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 1,766 shares in the last quarter. Ieq Capital LLC increased its position in shares of LendingTree by 68.2% in the first quarter. Ieq Capital LLC now owns 10,757 shares of the financial services provider’s stock worth $541,000 after purchasing an additional 4,362 shares during the last quarter. Trexquant Investment LP increased its position in shares of LendingTree by 45.7% in the first quarter. Trexquant Investment LP now owns 118,430 shares of the financial services provider’s stock worth $5,953,000 after purchasing an additional 37,122 shares during the last quarter. Finally, State of Wyoming raised its stake in LendingTree by 51.1% in the first quarter. State of Wyoming now owns 2,712 shares of the financial services provider’s stock valued at $136,000 after purchasing an additional 917 shares in the last quarter. Institutional investors own 68.26% of the company’s stock.

LendingTree Price Performance

TREE stock opened at $54.07 on Tuesday. The firm has a market cap of $739.14 million, a P/E ratio of 53.54 and a beta of 2.08. The firm’s fifty day moving average is $55.22 and its 200 day moving average is $55.05. LendingTree, Inc. has a 52 week low of $33.50 and a 52 week high of $77.35. The company has a debt-to-equity ratio of 2.93, a quick ratio of 1.43 and a current ratio of 1.43.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.47. LendingTree had a net margin of 1.34% and a return on equity of 36.30%. The business had revenue of $290.62 million during the quarter, compared to the consensus estimate of $278.36 million. During the same period in the previous year, the firm posted $0.80 earnings per share. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. Research analysts predict that LendingTree, Inc. will post 0.48 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Truist Financial boosted their price target on shares of LendingTree from $62.00 to $72.00 and gave the stock a “buy” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. lifted their price objective on shares of LendingTree from $66.00 to $83.00 and gave the stock an “overweight” rating in a report on Friday, October 31st. Oppenheimer set a $85.00 target price on shares of LendingTree and gave the stock an “outperform” rating in a research report on Friday, October 31st. Wall Street Zen cut LendingTree from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 10th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of LendingTree in a research note on Monday, December 22nd. Three investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $74.29.

About LendingTree

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.