Pacer Advisors Inc. acquired a new stake in Lendingtree Inc (NASDAQ:TREE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,963 shares of the financial services provider’s stock, valued at approximately $1,245,000.

Several other institutional investors have also made changes to their positions in TREE. Meridian Wealth Management LLC acquired a new stake in shares of Lendingtree during the first quarter valued at about $35,000. FNY Investment Advisers LLC acquired a new stake in shares of Lendingtree during the second quarter valued at about $79,000. Strs Ohio grew its stake in shares of Lendingtree by 10.8% during the second quarter. Strs Ohio now owns 443 shares of the financial services provider’s stock valued at $186,000 after acquiring an additional 43 shares in the last quarter. Tocqueville Asset Management L.P. acquired a new stake in shares of Lendingtree during the second quarter valued at about $210,000. Finally, Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new stake in shares of Lendingtree during the second quarter valued at about $231,000. Institutional investors own 77.75% of the company’s stock.

NASDAQ:TREE traded down $1.63 during mid-day trading on Friday, reaching $320.63. The stock had a trading volume of 1,056 shares, compared to its average volume of 172,940. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of 36.11, a price-to-earnings-growth ratio of 11.01 and a beta of 2.14. Lendingtree Inc has a 1-year low of $183.25 and a 1-year high of $434.94. The stock’s 50 day simple moving average is $313.03 and its two-hundred day simple moving average is $359.68. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.67 and a quick ratio of 0.67.

Lendingtree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $1.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.50. The business had revenue of $278.40 million during the quarter, compared to the consensus estimate of $267.46 million. Lendingtree had a return on equity of 12.54% and a net margin of 3.63%. The company’s revenue for the quarter was up 51.2% compared to the same quarter last year. During the same period last year, the firm earned $1.47 earnings per share. Sell-side analysts anticipate that Lendingtree Inc will post 1.22 EPS for the current fiscal year.

In other Lendingtree news, President Neil Salvage sold 20,405 shares of Lendingtree stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $435.37, for a total value of $8,883,724.85. Following the completion of the transaction, the president now directly owns 14,506 shares in the company, valued at $6,315,477.22. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Sushil Sharma sold 2,128 shares of Lendingtree stock in a transaction that occurred on Friday, August 9th. The shares were sold at an average price of $317.03, for a total value of $674,639.84. Following the completion of the transaction, the insider now owns 8,097 shares of the company’s stock, valued at $2,566,991.91. The disclosure for this sale can be found here. Insiders sold 27,016 shares of company stock valued at $11,351,290 over the last quarter. Insiders own 17.90% of the company’s stock.

Several analysts have recently weighed in on TREE shares. BidaskClub upgraded Lendingtree from a “strong sell” rating to a “sell” rating in a research note on Friday. Susquehanna Bancshares upgraded Lendingtree from a “neutral” rating to a “positive” rating in a research note on Thursday, July 25th. ValuEngine downgraded Lendingtree from a “hold” rating to a “sell” rating in a research note on Wednesday, September 4th. Royal Bank of Canada downgraded Lendingtree from an “outperform” rating to a “sector perform” rating and set a $415.00 target price for the company. in a research note on Monday, July 1st. They noted that the move was a valuation call. Finally, SunTrust Banks set a $350.00 target price on Lendingtree and gave the company a “hold” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company’s stock. Lendingtree presently has a consensus rating of “Hold” and an average target price of $367.00.

Lendingtree Company Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

See Also: Outstanding Shares and The Effect on Share Price

Institutional Ownership by Quarter for Lendingtree (NASDAQ:TREE)

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