41,040 Shares in Lendingtree Inc (TREE) Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in Lendingtree Inc (NASDAQ:TREE) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 41,040 shares of the financial services provider’s stock, valued at approximately $9,443,000. Mirae Asset Global Investments Co. Ltd. owned about 0.32% of Lendingtree at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Engineers Gate Manager LP bought a new position in Lendingtree in the second quarter valued at about $203,000. Alps Advisors Inc. acquired a new stake in shares of Lendingtree in the second quarter valued at about $235,000. Sunbelt Securities Inc. acquired a new stake in shares of Lendingtree in the second quarter valued at about $243,000. Amalgamated Bank increased its stake in shares of Lendingtree by 35.8% in the second quarter. Amalgamated Bank now owns 1,278 shares of the financial services provider’s stock valued at $273,000 after buying an additional 337 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in shares of Lendingtree in the third quarter valued at about $295,000. Hedge funds and other institutional investors own 86.43% of the company’s stock.

In related news, Director Steven Ozonian sold 975 shares of the firm’s stock in a transaction that occurred on Friday, November 2nd. The stock was sold at an average price of $247.83, for a total transaction of $241,634.25. Following the completion of the sale, the director now owns 7,344 shares of the company’s stock, valued at $1,820,063.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 20.50% of the company’s stock.

Several equities research analysts have recently weighed in on the company. BidaskClub raised Lendingtree from a “sell” rating to a “hold” rating in a research note on Wednesday, September 5th. ValuEngine raised Lendingtree from a “sell” rating to a “hold” rating in a research note on Saturday, September 1st. Northland Securities cut Lendingtree from an “outperform” rating to a “market perform” rating in a research note on Monday, November 12th. Deutsche Bank decreased their price target on Lendingtree from $290.00 to $270.00 and set a “hold” rating for the company in a research note on Thursday, August 16th. Finally, Zacks Investment Research raised Lendingtree from a “hold” rating to a “buy” rating and set a $253.00 price target for the company in a research note on Tuesday, September 25th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $330.13.

NASDAQ TREE opened at $265.39 on Tuesday. Lendingtree Inc has a one year low of $183.25 and a one year high of $404.40. The company has a market cap of $3.34 billion, a P/E ratio of 87.88, a price-to-earnings-growth ratio of 1.99 and a beta of 2.17. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.66.

Lendingtree (NASDAQ:TREE) last released its earnings results on Thursday, November 1st. The financial services provider reported $1.92 EPS for the quarter, topping the consensus estimate of $1.31 by $0.61. Lendingtree had a return on equity of 12.86% and a net margin of 12.73%. The business had revenue of $197.10 million during the quarter, compared to analysts’ expectations of $199.28 million. During the same quarter last year, the firm posted $1.17 earnings per share. The firm’s revenue was up 14.9% on a year-over-year basis. As a group, research analysts predict that Lendingtree Inc will post 3.69 EPS for the current fiscal year.

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Lendingtree Profile

LendingTree, Inc engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It provides mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans, and small business loans. The company was founded Douglas Lebda in April 2008 and is headquartered in Charlotte, NC.

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Institutional Ownership by Quarter for Lendingtree (NASDAQ:TREE)

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