LendingTree (NASDAQ:TREE) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen downgraded shares of LendingTree (NASDAQ:TREE) from a buy rating to a hold rating in a research note published on Saturday morning.

Other equities analysts have also issued research reports about the stock. JPMorgan Chase & Co. started coverage on shares of LendingTree in a research report on Tuesday, April 14th. They set an “overweight” rating and a $50.00 price target for the company. Zacks Research lowered shares of LendingTree from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of LendingTree in a research note on Wednesday, June 24th. Northland Securities set a $60.00 target price on shares of LendingTree in a research report on Thursday, July 30th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of LendingTree from $70.00 to $58.00 and set an “outperform” rating for the company in a research note on Monday, July 13th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, LendingTree currently has an average rating of “Moderate Buy” and an average price target of $61.33.

LendingTree Stock Up 0.9%

Shares of NASDAQ:TREE opened at $32.13 on Friday. LendingTree has a 1 year low of $29.77 and a 1 year high of $77.35. The company has a market capitalization of $451.11 million, a PE ratio of 2.49 and a beta of 2.04. The business has a fifty day moving average price of $39.63 and a two-hundred day moving average price of $42.41. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.85 and a quick ratio of 1.89.

Institutional Investors Weigh In On LendingTree

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in LendingTree in the 2nd quarter worth approximately $54,329,000. Jennison Associates LLC bought a new stake in LendingTree during the 4th quarter valued at $31,120,000. Ameriprise Financial Inc. raised its holdings in LendingTree by 1,747.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 546,536 shares of the financial services provider’s stock valued at $20,260,000 after acquiring an additional 516,958 shares during the period. Mariner LLC lifted its holdings in LendingTree by 31.5% during the 4th quarter. Mariner LLC now owns 1,760,407 shares of the financial services provider’s stock worth $93,461,000 after purchasing an additional 421,826 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of LendingTree by 1,163.1% in the third quarter. Arrowstreet Capital Limited Partnership now owns 263,835 shares of the financial services provider’s stock worth $17,078,000 after buying an additional 242,947 shares in the last quarter. 68.26% of the stock is currently owned by institutional investors.

LendingTree Company Profile

LendingTree, Inc operates an online marketplace that connects consumers with a network of lenders and financial service providers. Through its platform, borrowers can compare loan offers for mortgages, home equity loans, personal loans, student loans, auto loans and small business financing. The company also offers tools for comparing credit cards and deposit accounts, allowing users to research rates and terms from a range of providers in one place.

Founded in 1996 by Doug Lebda, LendingTree pioneered the comparison-shopping model for consumer credit products.