LendingTree, Inc. (NASDAQ:TREE) Stake Boosted by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 1.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 32,280 shares of the financial services provider’s stock after purchasing an additional 553 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.25% of LendingTree worth $979,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in TREE. Shenkman Capital Management Inc. bought a new stake in LendingTree in the third quarter valued at $1,860,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in LendingTree in the 3rd quarter valued at about $1,031,000. Assenagon Asset Management S.A. boosted its stake in LendingTree by 26.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 189,846 shares of the financial services provider’s stock valued at $2,943,000 after purchasing an additional 39,745 shares during the period. Acadian Asset Management LLC grew its position in LendingTree by 21.2% in the 3rd quarter. Acadian Asset Management LLC now owns 90,014 shares of the financial services provider’s stock worth $1,393,000 after purchasing an additional 15,765 shares during the last quarter. Finally, Principal Financial Group Inc. acquired a new stake in shares of LendingTree in the third quarter valued at approximately $205,000. Institutional investors own 68.26% of the company’s stock.

LendingTree Trading Up 5.2 %

Shares of NASDAQ TREE opened at $37.39 on Wednesday. The company has a current ratio of 2.60, a quick ratio of 2.60 and a debt-to-equity ratio of 4.23. LendingTree, Inc. has a one year low of $10.12 and a one year high of $44.51. The business has a 50-day moving average price of $38.29 and a two-hundred day moving average price of $28.42. The firm has a market capitalization of $487.57 million, a PE ratio of -3.97 and a beta of 2.19.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Tuesday, February 27th. The financial services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.14 by $0.14. The business had revenue of $134.40 million during the quarter, compared to analysts’ expectations 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 period last year, the company posted ($0.53) earnings per share. As a group, analysts predict that LendingTree, Inc. will post -0.36 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on TREE. Oppenheimer boosted their price objective on LendingTree from $25.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, January 8th. Truist Financial increased their price target on LendingTree from $24.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Susquehanna lifted their price objective on shares of LendingTree from $15.00 to $27.00 and gave the company a “neutral” rating in a research note on Wednesday, February 28th. Keefe, Bruyette & Woods raised LendingTree from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $24.00 to $45.00 in a research note on Wednesday, February 28th. Finally, StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a research note on Monday, March 25th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.