Timpani Capital Management Lowers stake in Lendingtree Inc (TREE)

Lendingtree Inc (TREE) : Timpani Capital Management reduced its stake in Lendingtree Inc by 13.1% during the most recent quarter end. The investment management company now holds a total of 61,902 shares of Lendingtree Inc which is valued at $6,830,886 after selling 9,332 shares in Lendingtree Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Lendingtree Inc makes up approximately 2.72% of Timpani Capital Management’s portfolio.

Other Hedge Funds, Including , Teachers Advisors Inc boosted its stake in TREE in the latest quarter, The investment management firm added 393 additional shares and now holds a total of 9,787 shares of Lendingtree Inc which is valued at $1,079,995.Vanguard Group Inc reduced its stake in TREE by selling 53,968 shares or 11.68% in the most recent quarter. The Hedge Fund company now holds 408,115 shares of TREE which is valued at $45,035,490.Renaissance Group boosted its stake in TREE in the latest quarter, The investment management firm added 1,072 additional shares and now holds a total of 4,196 shares of Lendingtree Inc which is valued at $463,029. Lendingtree Inc makes up approx 0.02% of Renaissance Group’s portfolio.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.Zelman Capital boosted its stake in TREE in the latest quarter, The investment management firm added 25,000 additional shares and now holds a total of 60,000 shares of Lendingtree Inc which is valued at $5,934,000. Lendingtree Inc makes up approx 2.90% of Zelman Capital’s portfolio.

Lendingtree Inc opened for trading at $102.49 and hit $109.297 on the upside on Tuesday, eventually ending the session at $107.05, with a gain of 4.61% or 4.72 points. The heightened volatility saw the trading volume jump to 7,51,662 shares. Company has a market cap of $1,261 M.

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.

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