SG Americas Securities LLC Has $456,000 Stake in LendingTree, Inc. (NASDAQ:TREE)

SG Americas Securities LLC decreased its position in shares of LendingTree, Inc. (NASDAQ:TREE) by 33.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,853 shares of the financial services provider’s stock after selling 3,944 shares during the period. SG Americas Securities LLC owned about 0.06% of LendingTree worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. CWM LLC increased its holdings in shares of LendingTree by 230.8% during the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock worth $25,000 after buying an additional 420 shares in the last quarter. Headlands Technologies LLC increased its holdings in shares of LendingTree by 16.8% in the first quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 270 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of LendingTree in the second quarter valued at approximately $132,000. Meeder Asset Management Inc. acquired a new stake in shares of LendingTree in the second quarter valued at approximately $139,000. Finally, Versor Investments LP acquired a new stake in shares of LendingTree in the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 68.26% of the company’s stock.

Analyst Ratings Changes

TREE has been the subject of a number of research reports. Stephens raised their price target on shares of LendingTree from $55.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, July 29th. StockNews.com raised shares of LendingTree from a “hold” rating to a “buy” rating in a research note on Thursday. Truist Financial raised their price objective on shares of LendingTree from $55.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Northland Securities raised their price objective on shares of LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. Finally, Needham & Company LLC raised 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. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, LendingTree currently has an average rating of “Moderate Buy” and an average price target of $58.13.

LendingTree Trading Up 3.2 %

Shares of NASDAQ TREE opened at $61.99 on Thursday. The company’s fifty day moving average is $55.08 and its 200-day moving average is $47.86. The stock has a market cap of $826.95 million, a price-to-earnings ratio of -6.33 and a beta of 2.12. LendingTree, Inc. has a twelve month low of $10.12 and a twelve month high of $62.49. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 3.21.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.19). The firm had revenue of $210.10 million for the quarter, compared to the consensus estimate of $187.41 million. LendingTree had a negative return on equity of 2.98% and a negative net margin of 19.02%. The company’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 earnings per share. Equities research analysts predict that LendingTree, Inc. will post -0.36 EPS for the current year.

LendingTree Company 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.