Intellectus Partners LLC Buys 3,000 Shares of LendingTree, Inc. $TREE

Intellectus Partners LLC increased its stake in LendingTree, Inc. (NASDAQ:TREE) by 9.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,750 shares of the financial services provider’s stock after buying an additional 3,000 shares during the quarter. Intellectus Partners LLC owned about 0.25% of LendingTree worth $1,251,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Emerald Advisers LLC lifted its position in LendingTree by 0.9% in the second quarter. Emerald Advisers LLC now owns 381,978 shares of the financial services provider’s stock worth $14,160,000 after buying an additional 3,415 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in LendingTree in the second quarter worth $3,254,000. AlphaQuest LLC lifted its position in LendingTree by 11.4% in the second quarter. AlphaQuest LLC now owns 2,212 shares of the financial services provider’s stock worth $82,000 after buying an additional 227 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in LendingTree by 61.3% in the second quarter. Asset Management One Co. Ltd. now owns 3,317 shares of the financial services provider’s stock worth $123,000 after buying an additional 1,261 shares during the last quarter. Finally, Nordea Investment Management AB bought a new stake in LendingTree in the second quarter worth $882,000. 68.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TREE has been the topic of a number of recent analyst reports. Wall Street Zen upgraded LendingTree from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Weiss Ratings reiterated a “sell (d-)” rating on shares of LendingTree in a research note on Wednesday, October 8th. Truist Financial set a $62.00 target price on LendingTree and gave the stock a “buy” rating in a research note on Monday, August 4th. JPMorgan Chase & Co. increased their target price on LendingTree from $66.00 to $83.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Needham & Company LLC increased their target price on LendingTree from $70.00 to $85.00 and gave the stock a “buy” rating in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, LendingTree currently has an average rating of “Moderate Buy” and an average target price of $72.86.

LendingTree Stock Performance

Shares of LendingTree stock opened at $64.00 on Monday. The firm has a market cap of $871.68 million, a P/E ratio of -15.76 and a beta of 1.71. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 3.26. LendingTree, Inc. has a 12 month low of $33.50 and a 12 month high of $77.35. The stock’s fifty day moving average price is $65.89 and its 200-day moving average price is $51.08.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.23 by $0.47. The firm had revenue of $307.80 million for the quarter, compared to analyst estimates of $278.36 million. LendingTree had a positive return on equity of 25.79% and a negative net margin of 5.33%.The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 earnings per share. LendingTree has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. On average, equities research analysts expect that LendingTree, Inc. will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Diego A. Rodriguez sold 1,200 shares of the firm’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $69.78, for a total transaction of $83,736.00. Following the transaction, the director owned 8,113 shares in the company, valued at approximately $566,125.14. This trade represents a 12.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jason Bengel sold 6,469 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.86, for a total value of $445,455.34. Following the transaction, the chief financial officer owned 6,517 shares in the company, valued at approximately $448,760.62. This represents a 49.82% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 8,669 shares of company stock worth $598,331. Company insiders own 23.10% of the company’s stock.

About LendingTree

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.