Susquehanna Fundamental Investments LLC Cuts Stock Holdings in LendingTree, Inc. $TREE

Susquehanna Fundamental Investments LLC lowered its position in shares of LendingTree, Inc. (NASDAQ:TREE) by 69.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,849 shares of the financial services provider’s stock after selling 20,286 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in LendingTree were worth $392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TREE. Fifth Third Bancorp purchased a new stake in LendingTree during the 4th quarter valued at $32,000. OP Asset Management Ltd bought a new position in shares of LendingTree during the first quarter valued at $34,000. New York State Teachers Retirement System bought a new position in shares of LendingTree during the fourth quarter valued at $54,000. McIlrath & Eck LLC purchased a new stake in shares of LendingTree during the fourth quarter valued at $59,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of LendingTree by 281.0% during the second quarter. Tower Research Capital LLC TRC now owns 1,120 shares of the financial services provider’s stock valued at $42,000 after buying an additional 826 shares during the last quarter. 68.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on TREE. Needham & Company LLC decreased their target price on LendingTree from $60.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Keefe, Bruyette & Woods cut their price objective on LendingTree from $70.00 to $58.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Truist Financial decreased their price target on shares of LendingTree from $78.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Northland Securities set a $60.00 price objective on LendingTree in a research report on Thursday, July 30th. Finally, Wall Street Zen upgraded LendingTree from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, LendingTree has an average rating of “Moderate Buy” and a consensus price target of $61.33.

LendingTree Stock Up 1.6%

Shares of NASDAQ:TREE opened at $27.82 on Thursday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 1.20. The business’s 50 day moving average is $37.21 and its 200 day moving average is $39.29. The stock has a market cap of $390.59 million, a P/E ratio of 2.16 and a beta of 2.05. LendingTree, Inc. has a 52-week low of $27.07 and a 52-week high of $77.35.

LendingTree (NASDAQ:TREE) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $0.68 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.73). LendingTree had a return on equity of 14.57% and a net margin of 14.33%.The company had revenue of $313.42 million during the quarter, compared to the consensus estimate of $315.56 million. During the same period in the previous year, the firm posted $1.13 earnings per share. The company’s revenue was up 25.3% on a year-over-year basis. Sell-side analysts predict that LendingTree, Inc. will post 3.49 EPS for the current year.

About LendingTree

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.