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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Lendingtree Inc    TREE

LENDINGTREE INC (TREE)
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Lendingtree : The Manufacturers Life Insurance Company Increases Position in Lendingtree Inc (TREE)

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06/26/2018 | 10:22am CEST

The Manufacturers Life Insurance Company increased its holdings in Lendingtree Inc (NASDAQ:TREE) by 874.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 48,625 shares of the financial services providers stock after purchasing an additional 43,634 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.39% of Lendingtree worth $15,956,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Baillie Gifford & Co. increased its position in Lendingtree by 81.1% in the first quarter. Baillie Gifford & Co. now owns 1,266,717 shares of the financial services providers stock worth $415,673,000 after purchasing an additional 567,195 shares during the last quarter. BlackRock Inc. increased its position in Lendingtree by 1.8% during the fourth quarter. BlackRock Inc. now owns 880,746 shares of the financial services providers stock valued at $299,851,000 after acquiring an additional 15,596 shares during the last quarter. Allianz Asset Management GmbH increased its position in Lendingtree by 38.1% during the first quarter. Allianz Asset Management GmbH now owns 301,365 shares of the financial services providers stock valued at $98,893,000 after acquiring an additional 83,215 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its position in Lendingtree by 18.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 273,098 shares of the financial services providers stock valued at $89,617,000 after acquiring an additional 41,798 shares during the last quarter. Finally, Eagle Asset Management Inc. increased its position in Lendingtree by 57.4% during the first quarter. Eagle Asset Management Inc. now owns 226,407 shares of the financial services providers stock valued at $74,295,000 after acquiring an additional 82,557 shares during the last quarter. Institutional investors own 78.06% of the companys stock.

NASDAQ TREE opened at $257.15 on Friday. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $3.21 billion, a PE ratio of 96.57, a P/E/G ratio of 2.11 and a beta of 1.80. Lendingtree Inc has a 12 month low of $166.85 and a 12 month high of $404.40.

Lendingtree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, April 26th. The financial services provider reported $1.10 EPS for the quarter, missing the Zacks consensus estimate of $1.12 by ($0.02). The company had revenue of $181.00 million during the quarter, compared to the consensus estimate of $174.13 million. Lendingtree had a return on equity of 11.81% and a net margin of 6.04%. The companys revenue for the quarter was up 36.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 earnings per share. equities research analysts anticipate that Lendingtree Inc will post 3.37 earnings per share for the current year.

TREE has been the topic of a number of analyst reports. BidaskClub cut shares of Lendingtree from a strong-buy rating to a buy rating in a research report on Friday, March 30th. UBS Group initiated coverage on shares of Lendingtree in a research report on Tuesday, March 27th. They set a neutral rating and a $375.00 price objective on the stock. Stephens boosted their price objective on shares of Lendingtree from $385.00 to $420.00 and gave the company an overweight rating in a research report on Monday, March 19th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Lendingtree from a sell rating to a buy rating and set a $362.00 price objective on the stock in a research report on Wednesday, April 25th. Finally, Deutsche Bank initiated coverage on shares of Lendingtree in a research report on Wednesday, May 30th. They set a hold rating on the stock. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $347.93.

In other news, Director Robin Henderson sold 270 shares of the companys stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $269.00, for a total value of $72,630.00. Following the transaction, the director now directly owns 1,005 shares in the company, valued at $270,345. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Douglas R. Lebda sold 14,750 shares of the companys stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $251.97, for a total transaction of $3,716,557.50. Following the completion of the transaction, the chief executive officer now owns 534,354 shares in the company, valued at $134,641,177.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 340,539 shares of company stock worth $96,225,566. Company insiders own 20.50% of the companys stock.

(c) 2018 CPI Financial. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 755 M
EBIT 2018 113 M
Net income 2018 108 M
Finance 2018 44 504 M
Yield 2018 -
P/E ratio 2018 29,73
P/E ratio 2019 36,41
EV / Sales 2018 -55,0x
EV / Sales 2019 -157x
Capitalization 2 925 M
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 301 $
Spread / Average Target 32%
EPS Revisions
Managers
NameTitle
Douglas Robert Lebda Chairman & Chief Executive Officer
Neil Salvage President
J. D. Moriarty Chief Financial Officer
Paul Tyma Chief Technology Officer
Peter C. Horan Independent Director
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