American Century Companies Inc. Grows Stake in LendingTree, Inc. (NASDAQ:TREE)

American Century Companies Inc. lifted its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 30.4% in the second quarter, Holdings Channel reports. The firm owned 17,203 shares of the financial services provider’s stock after buying an additional 4,010 shares during the period. American Century Companies Inc.’s holdings in LendingTree were worth $715,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC boosted its position in LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 420 shares during the last quarter. Headlands Technologies LLC boosted its holdings in LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 270 shares during the last quarter. Quest Partners LLC acquired a new position in shares of LendingTree in the 2nd quarter worth approximately $132,000. Versor Investments LP acquired a new position in shares of LendingTree in the 2nd quarter worth approximately $204,000. Finally, Caxton Associates LP acquired a new position in shares of LendingTree in the 1st quarter worth approximately $327,000. 68.26% of the stock is currently owned by institutional investors and hedge funds.

LendingTree Trading Down 0.8 %

NASDAQ TREE opened at $57.57 on Wednesday. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82. The firm’s fifty day moving average price is $53.36 and its 200 day moving average price is $46.45. The company has a market capitalization of $761.36 million, a price-to-earnings ratio of -5.59 and a beta of 2.12. LendingTree, Inc. has a 12 month low of $10.12 and a 12 month high of $62.27.

LendingTree (NASDAQ:TREE) last posted its earnings results on Thursday, July 25th. The financial services provider reported $0.54 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.19). The company had revenue of $210.10 million during the quarter, compared to analysts’ expectations of $187.41 million. LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The company’s quarterly revenue was up 15.1% on a year-over-year basis. During the same period last year, the business earned $0.43 earnings per share. On average, sell-side analysts expect that LendingTree, Inc. will post -0.36 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Northland Securities upped their target price on shares of LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Needham & Company LLC increased their price objective on shares of LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Truist Financial increased their price objective on shares of LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Oppenheimer increased their price objective on shares of LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Finally, StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, LendingTree has a consensus rating of “Moderate Buy” and a consensus price target of $58.13.

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.