Lendingtree Inc (NASDAQ:TREE) Institutional Investors Quarterly Sentiment

Ivan Schwartz
June 22, 2017

Strongco Corporation had 4 analyst reports since August 4, 2015 according to SRatingsIntel. The firm owned 35,000 shares of the financial services provider's stock after selling 12,000 shares during the period. The stock of Verizon Communications Inc. The firm earned "Buy" rating on Friday, September 18 by Deutsche Bank. The rating was maintained by Jefferies on Monday, April 24 with "Hold". The firm has "Buy" rating by Mizuho given on Friday, February 24.

The stock of Lendingtree Inc (NASDAQ:TREE) is a huge mover today! About 1,600 shares traded. It has outperformed by 110.13% the S&P500. It was reported on Jun, 21 by Barchart.com. We have $192.55 PT which if reached, will make NASDAQ:TREE worth $149.10 million more.

LendingTree (NASDAQ:TREE) last issued its earnings results on Thursday, April 27th. Its up 0.26, from 0.95 in 2016Q3. Prudential Financial Inc. increased its position in shares of LendingTree by 0.6% in the first quarter. 24 funds opened positions while 56 raised stakes.

If we look at stock performance in last active day trading, we see that stock has moved climbs 0.26% to end the day at $34.81. Tiaa Cref Investment Management Llc sold 8,137 shares as the company's stock declined 5.95% while stock markets rallied. Profund Advsr Limited Com reported 10,469 shares stake. Redwood Investments Ltd Liability stated it has 91,785 shares. (NASDAQ:TREE) in a research report issued to clients and investors on Wednesday. State Street has 140,652 shares for 0% of their portfolio. Granahan Investment Mngmt Ma holds 555,735 shares. Waddell Reed reported 371,971 shares. Following the sale, the president now directly owns 17,407 shares in the company, valued at approximately $2,550,125.50. Victory Cap Mgmt invested 0.13% in Lendingtree Inc (NASDAQ:TREE). Moreover, Diker Management Ltd Liability Corporation has 0.13% invested in Lendingtree Inc (NASDAQ:TREE) for 3,000 shares.

LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings.

The most current P/E ratio is 81.35 and market capitalization is 2.15B. The Company's online marketplace provides clients with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.

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LendingTree Inc., the Charlotte-based operator of LendingTree.com, announced its second acquisition in less than a week Tuesday, as it acquired the company that operates MagnifyMoney.com, a website that offers editorial content, tools and resources for comparing financial products, for as much as $39.5 million.

Compass Point starting coverage on TREE with a rating of "Buy" and projecting a price target of $100.00. Therefore 100% are positive. Tree.com had 23 analyst reports since October 26, 2015 according to SRatingsIntel. RBC Capital Markets initiated the stock with "Outperform" rating in Monday, November 9 report. On Tuesday, October 27 the stock rating was maintained by Needham with "Buy". The firm has "Buy" rating by Beaufort Securities given on Monday, May 15. The company was maintained on Wednesday, October 12 by Loop Capital. On Wednesday, December 14 the stock rating was maintained by Mizuho with "Neutral". On Wednesday, November 18 the stock rating was initiated by Bank of America with "Neutral". The stock of Lendingtree Inc (NASDAQ:TREE) earned "Outperform" rating by RBC Capital Markets on Friday, November 18. The company was maintained on Monday, November 21 by Mizuho. On average, equities research analysts expect that LendingTree, Inc. will post $3.82 earnings per share for the current fiscal year. Oppenheimer Holdings analyst J. Kelly now forecasts that the financial services provider will post earnings per share of $0.78 for the quarter, down from their previous forecast of $0.79. TREE's profit will be $9.22 million for 57.77 P/E if the $0.75 EPS becomes a reality.

Investors sentiment decreased to 1.04 in Q4 2016. Its down 0.21, from 1.25 in 2016Q3. It fall, as 19 investors sold BRC shares while 57 reduced holdings. 115 funds opened positions while 683 raised stakes. Blackrock Advisors Limited Liability stated it has 0% of its portfolio in Brady Corp (NYSE:BRC). Zacks Investment Research lowered shares of LendingTree from a "hold" rating to a "sell" rating in a report on Thursday, March 2nd. Sumitomo Mitsui Asset invested 0.49% in Lendingtree Inc (NASDAQ:TREE). 42,558 are held by Pioneer Bancshares N A Or. Legacy Prtn reported 2.75% stake. Ipswich Invest invested in 28,593 shares. Following the transaction, the chief executive officer now owns 550,728 shares of the company's stock, valued at $85,726,320.48. (NYSE:VZ) for 191,945 shares. Moreover, Bangor National Bank has 0.59% invested in Verizon Communications Inc. Horizon Kinetics Ltd Liability Company reported 8,233 shares or 0.03% of all its holdings. Chesley Taft & Associates Llc reported 1.16% stake.

About 3.25M shares traded. It is down 24.08% since June 20, 2016 and is uptrending. It has underperformed by 9.05% the S&P500.

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