Emerald Advisers Inc. PA lessened its stake in shares of Lendingtree Inc (NASDAQ:TREE) by 4.2% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 259,724 shares of the financial services provider’s stock after selling 11,376 shares during the period. Lendingtree comprises approximately 3.4% of Emerald Advisers Inc. PA’s investment portfolio, making the stock its largest holding. Emerald Advisers Inc. PA’s holdings in Lendingtree were worth $88,423,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its stake in Lendingtree by 5.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 33,435 shares of the financial services provider’s stock valued at $8,174,000 after buying an additional 1,862 shares during the period. Ameriprise Financial Inc. raised its stake in Lendingtree by 7.4% in the third quarter. Ameriprise Financial Inc. now owns 140,699 shares of the financial services provider’s stock valued at $34,393,000 after buying an additional 9,658 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Lendingtree in the third quarter valued at approximately $1,060,000. USA Financial Portformulas Corp bought a new stake in Lendingtree in the third quarter valued at approximately $568,000. Finally, Global X MANAGEMENT CO LLC raised its stake in Lendingtree by 55.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 2,813 shares of the financial services provider’s stock valued at $688,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 72.18% of the company’s stock.
Several research firms have issued reports on TREE. SunTrust Banks began coverage on Lendingtree in a research note on Tuesday, January 23rd. They issued a “hold” rating on the stock. Bank of America restated a “buy” rating and issued a $425.00 price objective on shares of Lendingtree in a research note on Tuesday, January 23rd. Zacks Investment Research lowered Lendingtree from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 27th. Stephens restated an “overweight” rating and issued a $375.00 price objective (up previously from $300.00) on shares of Lendingtree in a research note on Monday, December 18th. Finally, Guggenheim set a $360.00 price objective on Lendingtree and gave the company a “buy” rating in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Lendingtree has an average rating of “Buy” and an average target price of $288.85.
Lendingtree Inc (NASDAQ TREE) opened at $348.60 on Tuesday. The firm has a market capitalization of $4,170.00, a P/E ratio of 137.79, a PEG ratio of 1.90 and a beta of 1.62. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.86 and a current ratio of 3.86. Lendingtree Inc has a 52 week low of $111.88 and a 52 week high of $404.40.
In other news, Director G Kennedy Thompson bought 4,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were bought at an average price of $264.90 per share, for a total transaction of $1,059,600.00. Following the completion of the purchase, the director now owns 9,000 shares in the company, valued at $2,384,100. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Douglas R. Lebda sold 12,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $272.31, for a total value of $3,267,720.00. Following the transaction, the chief executive officer now owns 432,715 shares in the company, valued at approximately $117,832,621.65. The disclosure for this sale can be found here. In the last quarter, insiders have sold 86,414 shares of company stock worth $26,760,030. 21.90% of the stock is owned by corporate insiders.
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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.
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