Point72 DIFC Ltd Sells 6,130 Shares of LendingTree, Inc. (NASDAQ:TREE)

Point72 DIFC Ltd cut its holdings in LendingTree, Inc. (NASDAQ:TREE) by 90.4% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 648 shares of the financial services provider’s stock after selling 6,130 shares during the period. Point72 DIFC Ltd’s holdings in LendingTree were worth $27,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in TREE. Sei Investments Co. lifted its holdings in LendingTree by 124.6% during the 2nd quarter. Sei Investments Co. now owns 11,658 shares of the financial services provider’s stock worth $485,000 after purchasing an additional 6,467 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of LendingTree by 25.0% during the 2nd quarter. Renaissance Technologies LLC now owns 292,900 shares of the financial services provider’s stock valued at $12,182,000 after purchasing an additional 58,500 shares in the last quarter. Meeder Asset Management Inc. bought a new position in shares of LendingTree in the second quarter worth $139,000. American Century Companies Inc. boosted its stake in LendingTree by 30.4% during the second quarter. American Century Companies Inc. now owns 17,203 shares of the financial services provider’s stock valued at $715,000 after buying an additional 4,010 shares during the period. Finally, ClariVest Asset Management LLC purchased a new position in LendingTree during the second quarter worth about $1,360,000. 68.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TREE. Northland Securities boosted their price objective on LendingTree from $50.00 to $60.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Susquehanna increased their target price on LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Oppenheimer increased their price objective on LendingTree from $55.00 to $65.00 and gave the company an “outperform” rating in a research report on Tuesday, July 30th. Stephens boosted 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 shares of LendingTree from a “hold” rating to a “buy” rating in a research report on Friday, September 20th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.13.

LendingTree Stock Performance

Shares of TREE stock opened at $56.42 on Monday. The company has a market capitalization of $752.64 million, a P/E ratio of -5.44 and a beta of 2.12. LendingTree, Inc. has a fifty-two week low of $10.12 and a fifty-two 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 stock has a 50 day moving average price of $53.29 and a two-hundred day moving average price of $46.28.

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

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.