Lendingtree Inc (TREE) : Awm Investment Company reduced its stake in Lendingtree Inc by 18.68% during the most recent quarter end. The investment management company now holds a total of 132,723 shares of Lendingtree Inc which is valued at $14,356,647 after selling 30,485 shares in Lendingtree Inc , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.Lendingtree Inc makes up approximately 2.81% of Awm Investment Company’s portfolio.
Other Hedge Funds, Including , Dekabank Deutsche Girozentrale sold out all of its stake in TREE during the most recent quarter. The investment firm sold 30,000 shares of TREE which is valued $3,300,600.Herndon Capital Management boosted its stake in TREE in the latest quarter, The investment management firm added 43 additional shares and now holds a total of 56 shares of Lendingtree Inc which is valued at $5,655.
Lendingtree Inc closed down -2.66 points or -2.50% at $103.58 with 3,25,693 shares getting traded on Wednesday. Post opening the session at $106.16, the shares hit an intraday low of $101.73 and an intraday high of $106.16 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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. 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 .Compass Point Initiated Lendingtree Inc on Jun 2, 2016 to “Buy”, Price Target of the shares are set at $100.
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.