Baillie Gifford & Co. Has $84.78 Million Stake in LendingTree, Inc. (TREE)

Baillie Gifford & Co. grew its holdings in shares of LendingTree, Inc. (NASDAQ:TREE) by 3.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 346,828 shares of the financial services provider’s stock after buying an additional 10,657 shares during the quarter. Baillie Gifford & Co. owned 2.89% of LendingTree worth $84,782,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Renaissance Group LLC grew its stake in shares of LendingTree by 2.4% during the second quarter. Renaissance Group LLC now owns 2,859 shares of the financial services provider’s stock valued at $492,000 after buying an additional 68 shares during the last quarter. Prudential Financial Inc. grew its stake in shares of LendingTree by 0.6% during the first quarter. Prudential Financial Inc. now owns 12,575 shares of the financial services provider’s stock valued at $1,576,000 after buying an additional 70 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of LendingTree by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 5,059 shares of the financial services provider’s stock valued at $871,000 after buying an additional 70 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in shares of LendingTree by 5.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock valued at $294,000 after buying an additional 90 shares during the last quarter. Finally, Texas Permanent School Fund grew its stake in shares of LendingTree by 1.7% during the second quarter. Texas Permanent School Fund now owns 5,319 shares of the financial services provider’s stock valued at $916,000 after buying an additional 90 shares during the last quarter. 72.00% of the stock is currently owned by hedge funds and other institutional investors.

TREE has been the topic of a number of analyst reports. Zacks Investment Research cut LendingTree from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Oppenheimer Holdings, Inc. upped their target price on LendingTree from $245.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Royal Bank Of Canada upped their target price on LendingTree from $160.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Northland Securities reaffirmed a “buy” rating and set a $150.00 target price on shares of LendingTree in a research note on Tuesday, July 25th. Finally, Stephens reaffirmed an “overweight” rating and set a $250.00 target price (up previously from $200.00) on shares of LendingTree in a research note on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $247.08.

In related news, Director Steven Ozonian sold 2,000 shares of LendingTree stock in a transaction that occurred on Friday, October 27th. The shares were sold at an average price of $265.08, for a total value of $530,160.00. Following the completion of the sale, the director now owns 9,379 shares in the company, valued at approximately $2,486,185.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Douglas R. Lebda sold 4,000 shares of LendingTree stock in a transaction that occurred on Wednesday, October 11th. The shares were sold at an average price of $258.68, for a total transaction of $1,034,720.00. The disclosure for this sale can be found here. Insiders sold a total of 20,350 shares of company stock valued at $4,891,593 in the last quarter. 21.90% of the stock is owned by insiders.

LendingTree (NASDAQ:TREE) last posted its earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.20. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The firm had revenue of $171.50 million during the quarter, compared to the consensus estimate of $157.97 million. During the same quarter last year, the firm earned $0.80 EPS. The firm’s revenue for the quarter was up 81.3% on a year-over-year basis.

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LendingTree Profile

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

Institutional Ownership by Quarter for LendingTree (NASDAQ:TREE)

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