LendingTree, Inc. $TREE Holdings Increased by UBS Group AG

UBS Group AG lifted its stake in LendingTree, Inc. (NASDAQ:TREE) by 374.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 143,924 shares of the financial services provider’s stock after acquiring an additional 113,574 shares during the period. UBS Group AG’s holdings in LendingTree were worth $7,641,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in TREE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in LendingTree by 5.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,598 shares of the financial services provider’s stock worth $1,188,000 after purchasing an additional 1,222 shares in the last quarter. Cetera Investment Advisers boosted its stake in LendingTree by 43.6% during the 2nd quarter. Cetera Investment Advisers now owns 16,039 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 4,871 shares in the last quarter. Legal & General Group Plc boosted its stake in LendingTree by 12.7% during the 2nd quarter. Legal & General Group Plc now owns 10,840 shares of the financial services provider’s stock valued at $402,000 after purchasing an additional 1,223 shares in the last quarter. Rhumbline Advisers increased its position in shares of LendingTree by 12.6% during the 2nd quarter. Rhumbline Advisers now owns 16,754 shares of the financial services provider’s stock valued at $621,000 after purchasing an additional 1,875 shares during the period. Finally, American Century Companies Inc. increased its position in shares of LendingTree by 9.3% during the 2nd quarter. American Century Companies Inc. now owns 26,010 shares of the financial services provider’s stock valued at $964,000 after purchasing an additional 2,217 shares during the period. 68.26% of the stock is currently owned by institutional investors.

LendingTree Stock Performance

TREE opened at $36.25 on Tuesday. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.27. The firm has a market cap of $505.69 million, a PE ratio of 2.82 and a beta of 2.14. The business has a fifty day simple moving average of $42.51 and a 200-day simple moving average of $49.01. LendingTree, Inc. has a fifty-two week low of $32.65 and a fifty-two week high of $77.35.

LendingTree (NASDAQ:TREE) last released its quarterly earnings results on Thursday, April 30th. The financial services provider reported $1.38 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.11). The company had revenue of $319.07 million during the quarter, compared to analyst estimates of $321.33 million. LendingTree had a net margin of 15.02% and a return on equity of 17.01%. The company’s revenue for the quarter was up 36.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 EPS. As a group, equities analysts predict that LendingTree, Inc. will post 3.64 EPS for the current fiscal year.

Analyst Ratings Changes

TREE has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and issued a $60.00 price objective on shares of LendingTree in a report on Friday, May 1st. Wall Street Zen raised LendingTree from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 2nd. JPMorgan Chase & Co. assumed coverage on shares of LendingTree in a research report on Tuesday, April 14th. They issued an “overweight” rating and a $50.00 price target on the stock. Zacks Research raised shares of LendingTree from a “hold” rating to a “strong-buy” rating in a report on Friday, May 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of LendingTree from $83.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, March 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $68.60.

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.