Thrivent Financial for Lutherans Has $574,000 Stock Holdings in LendingTree, Inc. (NASDAQ:TREE)

Thrivent Financial for Lutherans reduced its position in shares of LendingTree, Inc. (NASDAQ:TREE) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,792 shares of the financial services provider’s stock after selling 588 shares during the period. Thrivent Financial for Lutherans owned approximately 0.10% of LendingTree worth $574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hennessy Advisors Inc. acquired a new position in shares of LendingTree during the 2nd quarter worth $8,380,000. Blue Grotto Capital LLC acquired a new position in LendingTree during the fourth quarter worth about $4,930,000. Acadian Asset Management LLC lifted its holdings in shares of LendingTree by 53.9% in the first quarter. Acadian Asset Management LLC now owns 256,719 shares of the financial services provider’s stock worth $10,868,000 after acquiring an additional 89,900 shares during the last quarter. Alta Park Capital LP acquired a new stake in shares of LendingTree in the 4th quarter valued at approximately $2,297,000. Finally, Renaissance Technologies LLC grew its holdings 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 during the last quarter. 68.26% of the stock is currently owned by institutional investors.

LendingTree Trading Down 0.3 %

NASDAQ TREE opened at $54.73 on Wednesday. The firm has a market capitalization of $730.10 million, a PE ratio of -5.27 and a beta of 2.12. The business’s 50-day moving average price is $53.62 and its two-hundred day moving average price is $47.14. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 3.21. LendingTree, Inc. has a 12 month low of $10.12 and a 12 month high of $62.27.

LendingTree (NASDAQ:TREE) last announced 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). LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. The company had revenue of $210.10 million during the quarter, compared to the consensus estimate of $187.41 million. During the same quarter in the previous year, the company earned $0.43 earnings per share. The business’s revenue was up 15.1% on a year-over-year basis. On average, analysts expect that LendingTree, Inc. will post -0.36 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Needham & Company LLC increased their price objective on shares of LendingTree from $56.00 to $67.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Susquehanna increased their price target on LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. StockNews.com lowered LendingTree from a “buy” rating to a “hold” rating in a research report on Wednesday. Northland Securities increased their target price on LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. Finally, Truist Financial lifted their price target on LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price 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.