Voya Investment Management LLC Boosts Position in LendingTree, Inc. (TREE)

Voya Investment Management LLC raised its stake in shares of LendingTree, Inc. (NASDAQ:TREE) by 20.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,011 shares of the financial services provider’s stock after buying an additional 504 shares during the quarter. Voya Investment Management LLC’s holdings in LendingTree were worth $518,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in shares of LendingTree during the first quarter worth $2,068,000. First Trust Advisors LP boosted its holdings in shares of LendingTree by 64.8% during the second quarter. First Trust Advisors LP now owns 18,394 shares of the financial services provider’s stock worth $3,167,000 after purchasing an additional 7,232 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its holdings in shares of LendingTree by 5.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock worth $294,000 after purchasing an additional 90 shares during the last quarter. Great West Life Assurance Co. Can boosted its holdings in shares of LendingTree by 4.1% during the second quarter. Great West Life Assurance Co. Can now owns 10,572 shares of the financial services provider’s stock worth $1,819,000 after purchasing an additional 412 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of LendingTree by 3.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 31,573 shares of the financial services provider’s stock worth $5,437,000 after purchasing an additional 918 shares during the last quarter. Hedge funds and other institutional investors own 71.20% of the company’s stock.

LendingTree, Inc. (NASDAQ:TREE) opened at $268.75 on Wednesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86. LendingTree, Inc. has a 52-week low of $87.16 and a 52-week high of $280.80. The company has a market capitalization of $3,166.94, a PE ratio of 80.43, a price-to-earnings-growth ratio of 2.69 and a beta of 1.51.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, beating the consensus estimate of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The company had revenue of $171.50 million for the quarter, compared to analyst estimates of $157.97 million. During the same period last year, the company posted $0.80 earnings per share. The firm’s revenue was up 81.3% compared to the same quarter last year. equities research analysts anticipate that LendingTree, Inc. will post 3.06 EPS for the current fiscal year.

In other LendingTree news, President Neil Salvage sold 1,500 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $267.08, for a total value of $400,620.00. Following the transaction, the president now directly owns 12,907 shares of the company’s stock, valued at $3,447,201.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas R. Lebda sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $222.64, for a total value of $890,560.00. Following the completion of the transaction, the chief executive officer now directly owns 484,992 shares in the company, valued at $107,978,618.88. The disclosure for this sale can be found here. Insiders sold 51,810 shares of company stock worth $13,425,828 over the last three months. 21.90% of the stock is currently owned by corporate insiders.

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TREE has been the topic of several analyst reports. Needham & Company LLC restated a “buy” rating and set a $300.00 price objective (up previously from $250.00) on shares of LendingTree in a report on Thursday, October 26th. Zacks Investment Research upgraded LendingTree from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Bank of America Corporation raised their price objective on LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. BWS Financial lowered LendingTree from a “buy” rating to a “sell” rating and set a $194.00 target price on the stock. in a research report on Thursday, October 12th. Finally, Citigroup Inc. reaffirmed an “outperform” rating and issued a $290.00 target price on shares of LendingTree in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $247.08.

LendingTree Company Profile

LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.

Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

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