Cubist Systematic Strategies LLC Lowers Stock Holdings in LendingTree, Inc. (NASDAQ:TREE)

Cubist Systematic Strategies LLC reduced its position in LendingTree, Inc. (NASDAQ:TREE) by 7.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 65,046 shares of the financial services provider’s stock after selling 5,003 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in LendingTree were worth $2,705,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Headlands Technologies LLC raised its holdings in LendingTree by 16.8% during the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after buying an additional 270 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of LendingTree by 1.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 16,452 shares of the financial services provider’s stock worth $697,000 after purchasing an additional 295 shares during the period. CWM LLC grew its stake in shares of LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 420 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in LendingTree by 5.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider’s stock valued at $1,435,000 after purchasing an additional 1,605 shares during the period. Finally, Los Angeles Capital Management LLC raised its position in LendingTree by 3.3% during the 1st quarter. Los Angeles Capital Management LLC now owns 66,314 shares of the financial services provider’s stock valued at $2,808,000 after purchasing an additional 2,146 shares during the last quarter. 68.26% of the stock is currently owned by institutional investors.

LendingTree Trading Up 1.0 %

Shares of NASDAQ TREE opened at $56.42 on Monday. The firm’s 50 day moving average price is $53.29 and its 200-day moving average price is $46.28. LendingTree, Inc. has a 52-week low of $10.12 and a 52-week high of $62.27. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.82 and a current ratio of 1.82. The company has a market cap of $752.64 million, a PE ratio of -5.44 and a beta of 2.12.

LendingTree (NASDAQ:TREE) last issued its earnings results on Thursday, July 25th. The financial services provider reported $0.54 EPS for the quarter, missing the consensus estimate of $0.73 by ($0.19). The business had revenue of $210.10 million for 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 business’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.43 earnings per share. On average, equities research analysts expect that LendingTree, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have commented on TREE. Susquehanna upped their price objective on shares of LendingTree from $42.00 to $50.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Oppenheimer increased their price target on shares of LendingTree from $55.00 to $65.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 30th. Needham & Company LLC upped their target price on LendingTree from $56.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Stephens increased their target price on LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a research report on Monday, July 29th. Finally, StockNews.com upgraded LendingTree from a “hold” rating to a “buy” rating in a research report on Friday, September 20th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $58.13.

LendingTree Company 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.