Geode Capital Management LLC Has $9.91 Million Stock Holdings in LendingTree, Inc. $TREE

Geode Capital Management LLC boosted its holdings in shares of LendingTree, Inc. (NASDAQ:TREE - Free Report) by 7.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 267,264 shares of the financial services provider's stock after buying an additional 18,207 shares during the period. Geode Capital Management LLC owned approximately 1.96% of LendingTree worth $9,909,000 as of its most recent filing with the Securities and Exchange Commission.

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Other institutional investors have also recently bought and sold shares of the company. AlphaQuest LLC grew its stake in LendingTree by 11.4% during the 2nd quarter. AlphaQuest LLC now owns 2,212 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 227 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of LendingTree by 4.9% during the first quarter. Rhumbline Advisers now owns 14,879 shares of the financial services provider's stock worth $748,000 after purchasing an additional 698 shares during the period. State of Wyoming grew its position in LendingTree by 51.1% during the first quarter. State of Wyoming now owns 2,712 shares of the financial services provider's stock valued at $136,000 after purchasing an additional 917 shares in the last quarter. Hsbc Holdings PLC increased its stake in LendingTree by 5.7% in the 1st quarter. Hsbc Holdings PLC now owns 19,130 shares of the financial services provider's stock valued at $954,000 after buying an additional 1,026 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in LendingTree by 5.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,598 shares of the financial services provider's stock valued at $1,188,000 after buying an additional 1,222 shares during the period. 68.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on TREE shares. Wall Street Zen cut shares of LendingTree from a "strong-buy" rating to a "buy" rating in a report on Monday, November 10th. Truist Financial increased their price target on shares of LendingTree from $62.00 to $72.00 and gave the stock a "buy" rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. raised their price target on shares of LendingTree from $66.00 to $83.00 and gave the company an "overweight" rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a "hold (c)" rating on shares of LendingTree in a research note on Monday. Finally, Needham & Company LLC increased their target price on shares of LendingTree from $70.00 to $85.00 and gave the stock a "buy" rating in a research report on Thursday, October 30th. Three analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, LendingTree has a consensus rating of "Buy" and a consensus target price of $74.29.

Read Our Latest Report on TREE

LendingTree Price Performance

Shares of LendingTree stock opened at $56.72 on Thursday. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 2.93. The firm has a fifty day simple moving average of $57.94 and a 200-day simple moving average of $52.64. The stock has a market capitalization of $775.42 million, a price-to-earnings ratio of 56.16 and a beta of 2.08. LendingTree, Inc. has a 1-year low of $33.50 and a 1-year high of $77.35.

LendingTree (NASDAQ:TREE - Get Free Report) last posted its earnings results on Thursday, October 30th. The financial services provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.23 by $0.47. The business had revenue of $290.62 million for the quarter, compared to analyst estimates of $278.36 million. LendingTree had a net margin of 1.34% and a return on equity of 36.30%. LendingTree's revenue was up 18.0% compared to the same quarter last year. During the same period last year, the business posted $0.80 EPS. On average, sell-side analysts expect that LendingTree, Inc. will post 0.48 earnings per share 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.

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