Dimensional Fund Advisors LP Lowers Holdings in LendingTree, Inc. (NASDAQ:TREE)

Dimensional Fund Advisors LP reduced its position in LendingTree, Inc. (NASDAQ:TREE) by 19.3% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 152,956 shares of the financial services provider’s stock after selling 36,659 shares during the quarter. Dimensional Fund Advisors LP owned about 1.15% of LendingTree worth $6,361,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Cullen Capital Management LLC raised its holdings in LendingTree by 51.1% during the fourth quarter. Cullen Capital Management LLC now owns 43,327 shares of the financial services provider’s stock worth $1,314,000 after purchasing an additional 14,644 shares in 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. Blue Grotto Capital LLC purchased a new stake in shares of LendingTree in the fourth quarter valued at approximately $4,930,000. Los Angeles Capital Management LLC boosted its stake in shares of LendingTree by 3.3% in the first quarter. Los Angeles Capital Management LLC now owns 66,314 shares of the financial services provider’s stock valued at $2,808,000 after buying an additional 2,146 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in LendingTree by 5.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 33,885 shares of the financial services provider’s stock worth $1,435,000 after acquiring an additional 1,605 shares in the last quarter. Institutional investors and hedge funds own 68.26% of the company’s stock.

LendingTree Price Performance

Shares of NASDAQ:TREE opened at $54.73 on Wednesday. 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 business’s fifty day moving average price is $53.62 and its two-hundred day moving average price is $47.14. The stock has a market cap of $730.10 million, a PE ratio of -5.27 and a beta of 2.12. LendingTree, Inc. has a one year low of $10.12 and a one year high of $62.27.

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

Analysts Set New Price Targets

Several brokerages have commented on TREE. Susquehanna boosted their target price on shares of LendingTree from $42.00 to $50.00 and gave the stock a “neutral” rating in a research report on Friday, July 26th. Oppenheimer upped their target price on shares of LendingTree from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 30th. Truist Financial lifted their price target on shares of LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, July 26th. StockNews.com cut LendingTree from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Northland Securities lifted 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. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average 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.