S Squared Technology buys $7,515,387 stake in Lendingtree Inc (TREE)

Lendingtree Inc (TREE) : S Squared Technology scooped up 12,000 additional shares in Lendingtree Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 12, 2016. The investment management firm now holds a total of 68,105 shares of Lendingtree Inc which is valued at $7,515,387.Lendingtree Inc makes up approximately 7.51% of S Squared Technology’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. reduced its stake in TREE by selling 31,900 shares or 94.81% in the most recent quarter. The Hedge Fund company now holds 1,748 shares of TREE which is valued at $192,892. Employees Retirement System Of Texas added TREE to its portfolio by purchasing 11,000 company shares during the most recent quarter which is valued at $1,213,850. Lendingtree Inc makes up approx 0.02% of Employees Retirement System Of Texas’s portfolio.Blackrock Group Ltd boosted its stake in TREE in the latest quarter, The investment management firm added 477 additional shares and now holds a total of 8,493 shares of Lendingtree Inc which is valued at $937,203.Eagle Asset Management Inc boosted its stake in TREE in the latest quarter, The investment management firm added 14,135 additional shares and now holds a total of 33,195 shares of Lendingtree Inc which is valued at $3,165,807. Lendingtree Inc makes up approx 0.02% of Eagle Asset Management Inc’s portfolio.

Lendingtree Inc opened for trading at $100.23 and hit $104.12 on the upside on Monday, eventually ending the session at $101.67, with a gain of 0.98% or 0.99 points. The heightened volatility saw the trading volume jump to 3,32,422 shares. Company has a market cap of $1,198 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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