Vontobel Holding Ltd. Has $618,000 Position in LendingTree, Inc. (NASDAQ:TREE)

Vontobel Holding Ltd. cut its holdings in LendingTree, Inc. (NASDAQ:TREE) by 6.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,651 shares of the financial services provider’s stock after selling 772 shares during the quarter. Vontobel Holding Ltd. owned about 0.08% of LendingTree worth $618,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. CWM LLC lifted its holdings in shares of LendingTree by 230.8% in the second quarter. CWM LLC now owns 602 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 420 shares in the last quarter. Headlands Technologies LLC lifted its stake in LendingTree by 16.8% in the 1st quarter. Headlands Technologies LLC now owns 1,881 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 270 shares in the last quarter. Quest Partners LLC acquired a new position in LendingTree during the 2nd quarter worth approximately $132,000. Meeder Asset Management Inc. bought a new position in shares of LendingTree during the 2nd quarter worth approximately $139,000. Finally, Versor Investments LP acquired a new stake in shares of LendingTree in the second quarter valued at approximately $204,000. 68.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on TREE shares. Oppenheimer increased their target price on shares of LendingTree from $55.00 to $65.00 and gave the stock an “outperform” rating in a report on Tuesday, July 30th. Susquehanna raised their price objective on LendingTree from $42.00 to $50.00 and gave the company a “neutral” rating in a report on Friday, July 26th. Needham & Company LLC upped their target price on LendingTree from $56.00 to $67.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Truist Financial raised 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. Finally, Northland Securities increased their price objective on LendingTree from $50.00 to $60.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $58.13.

LendingTree Stock Down 5.7 %

TREE stock opened at $56.70 on Tuesday. The business’s 50 day simple moving average is $55.99 and its 200 day simple moving average is $48.31. LendingTree, Inc. has a 1-year low of $10.12 and a 1-year high of $62.49. The firm has a market capitalization of $756.38 million, a PE ratio of -5.79 and a beta of 2.12. 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 (NASDAQ:TREE) last issued its quarterly earnings data 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 company had revenue of $210.10 million during the quarter, compared to the consensus estimate of $187.41 million. LendingTree had a negative net margin of 19.02% and a negative return on equity of 2.98%. LendingTree’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 earnings per share. As a group, research analysts anticipate that LendingTree, Inc. will post -0.36 EPS for the current year.

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.