LendingTree, Inc. (NASDAQ:TREE) Shares Sold by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC lowered its position in LendingTree, Inc. (NASDAQ:TREE) by 7.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 owned 0.49% of LendingTree worth $2,705,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC lifted its stake in shares of LendingTree by 185.2% in the first quarter. Susquehanna Fundamental Investments LLC now owns 19,850 shares of the financial services provider’s stock worth $840,000 after acquiring an additional 12,889 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of LendingTree by 697.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 12,633 shares of the financial services provider’s stock valued at $535,000 after buying an additional 11,049 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its position in shares of LendingTree by 9.3% during the second quarter. Emerald Mutual Fund Advisers Trust now owns 280,731 shares of the financial services provider’s stock worth $11,676,000 after buying an additional 23,995 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of LendingTree by 6.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 364,173 shares of the financial services provider’s stock worth $15,419,000 after buying an additional 22,581 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in LendingTree by 53.9% in the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock valued at $10,868,000 after acquiring an additional 89,900 shares in the last quarter. 68.26% of the stock is owned by hedge funds and other institutional investors.

LendingTree Trading Up 5.6 %

NASDAQ:TREE opened at $60.24 on Friday. The firm has a market capitalization of $803.60 million, a P/E ratio of -6.15 and a beta of 2.12. The business has a 50 day simple moving average of $53.90 and a 200 day simple moving average of $47.28. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.82 and a quick ratio of 1.82. LendingTree, Inc. has a 12-month low of $10.12 and a 12-month high of $62.27.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.54 earnings per share (EPS) 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 analyst estimates of $187.41 million. During the same period last year, the firm posted $0.43 EPS. The business’s revenue was up 15.1% compared to the same quarter last year. Equities research analysts predict that LendingTree, Inc. will post -0.36 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Stephens raised their price objective on shares of LendingTree from $55.00 to $65.00 and gave the stock an “overweight” rating in a report on Monday, July 29th. Northland Securities lifted their price target on 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 upped their price objective on LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Oppenheimer lifted their target price on LendingTree from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Finally, Truist Financial upped their price target on LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company 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.