Bernzott Capital Advisors grew its stake in shares of LendingTree, Inc. (NASDAQ:TREE – Get Rating) by 38.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,358 shares of the financial services provider’s stock after acquiring an additional 60,154 shares during the period. LendingTree accounts for 2.4% of Bernzott Capital Advisors’ holdings, making the stock its 18th largest position. Bernzott Capital Advisors owned about 1.68% of LendingTree worth $26,011,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently modified their holdings of the business. Bouvel Investment Partners LLC lifted its position in LendingTree by 1.7% during the first quarter. Bouvel Investment Partners LLC now owns 6,064 shares of the financial services provider’s stock worth $726,000 after acquiring an additional 104 shares during the last quarter. AlphaCrest Capital Management LLC raised its position in shares of LendingTree by 8.5% in the fourth quarter. AlphaCrest Capital Management LLC now owns 1,839 shares of the financial services provider’s stock valued at $225,000 after buying an additional 144 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of LendingTree by 2.8% in the third quarter. Segall Bryant & Hamill LLC now owns 15,651 shares of the financial services provider’s stock valued at $2,189,000 after buying an additional 421 shares in the last quarter. Teacher Retirement System of Texas raised its position in shares of LendingTree by 22.8% in the fourth quarter. Teacher Retirement System of Texas now owns 2,328 shares of the financial services provider’s stock valued at $285,000 after buying an additional 432 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in shares of LendingTree by 15.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 4,410 shares of the financial services provider’s stock valued at $541,000 after buying an additional 578 shares in the last quarter. Hedge funds and other institutional investors own 86.31% of the company’s stock.
TREE has been the subject of a number of analyst reports. Oppenheimer reiterated an “outperform” rating and issued a $190.00 price target on shares of LendingTree in a research report on Monday, March 28th. Northland Securities downgraded shares of LendingTree from an “outperform” rating to a “market perform” rating and set a $90.00 price target for the company. in a research report on Friday, May 6th. Susquehanna dropped their price target on shares of LendingTree from $180.00 to $160.00 in a research report on Friday, May 6th. Needham & Company LLC dropped their price target on shares of LendingTree from $105.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, June 24th. Finally, Truist Financial dropped their price target on shares of LendingTree from $185.00 to $130.00 and set a “buy” rating for the company in a research report on Friday, June 24th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $149.50.
LendingTree (NASDAQ:TREE – Get Rating) last posted its earnings results on Thursday, May 5th. The financial services provider reported ($0.62) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.02) by $0.40. The firm had revenue of $283.18 million for the quarter, compared to analysts’ expectations of $283.65 million. LendingTree had a net margin of 3.54% and a negative return on equity of 4.84%. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.18 earnings per share. As a group, analysts anticipate that LendingTree, Inc. will post -2.07 EPS for the current fiscal year.
In related news, Director Mark A. Ernst bought 10,000 shares of the firm’s stock in a transaction on Monday, May 9th. The shares were purchased at an average price of $65.67 per share, with a total value of $656,700.00. Following the completion of the purchase, the director now owns 10,000 shares in the company, valued at approximately $656,700. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 16.70% of the company’s stock.
LendingTree Company Profile (Get Rating)
LendingTree, Inc, through its subsidiary, LT Intermediate Company, LLC, 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, reverse mortgage, and home equity loans; lines of credit; and real estate brokerage services.
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