Lendingtree Inc (TREE) : Advisory Services Network scooped up 575 additional shares in Lendingtree Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 5,549 shares of Lendingtree Inc which is valued at $505,070.Lendingtree Inc makes up approximately 0.10% of Advisory Services Network’s portfolio.
Other Hedge Funds, Including , Telemus Capital added TREE to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $284,610. Lendingtree Inc makes up approx 0.03% of Telemus Capital’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in TREE in the latest quarter, The investment management firm added 1,673 additional shares and now holds a total of 3,799 shares of Lendingtree Inc which is valued at $360,411. Washington Trust Bank sold out all of its stake in TREE during the most recent quarter. The investment firm sold 30 shares of TREE which is valued $2,846.
Lendingtree Inc closed down -0.76 points or -0.83% at $91.02 with 2,07,830 shares getting traded on Friday. Post opening the session at $91.7, the shares hit an intraday low of $88.62 and an intraday high of $92.84 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Lendingtree Inc reported $0.92 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Jul 28, 2016. Analyst had a consensus of $0.69. The company had revenue of $94.30 million for the quarter, compared to analysts expectations of $95.14 million. The company’s revenue was up 71.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS.
Many Wall Street Analysts have commented on Lendingtree Inc. Shares were Reiterated by Mizuho on Sep 16, 2016 to “Buy” and Lowered the Price Target to $ 116 from a previous price target of $122 .Company shares were Reiterated by Compass Point on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 120 from a previous price target of $100 .Company shares were Reiterated by Mizuho on Jul 29, 2016 to “Buy”, Firm has raised the Price Target to $ 122 from a previous price target of $110 .
LendingTree Inc. (LendingTree) formerly Tree.com Inc. is engaged in operating an online loan marketplace for consumers an array of loan types and other credit-based offerings. The Company offers consumers tools and resources including free credit scores which help them to comparison-shop for mortgage loans home equity loans and lines of credit reverse mortgages personal loans auto loans student loans credit cards small business loans and other related offerings. And upon submitting their relevant information to the Company through an inquiry form it seeks to match in-market consumers with multiple lenders on its marketplace. The Company operates in four segments: lending auto education and home services. It provides information and tools including free credit scores located on its various Websites. In addition the Company provides consumers with access to offers from multiple lenders.