New Mexico Educational Retirement Board lowered its stake in Lendingtree Inc (NASDAQ:TREE) by 14.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,800 shares of the financial services provider’s stock after selling 300 shares during the period. New Mexico Educational Retirement Board’s holdings in Lendingtree were worth $385,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Jersey Better Educational Savings Trust bought a new position in shares of Lendingtree in the second quarter worth $257,000. ARP Americas LP bought a new position in shares of Lendingtree in the first quarter worth $263,000. Amalgamated Bank increased its position in shares of Lendingtree by 35.8% in the second quarter. Amalgamated Bank now owns 1,278 shares of the financial services provider’s stock worth $273,000 after purchasing an additional 337 shares during the period. Polen Capital Management LLC increased its position in shares of Lendingtree by 42.5% in the first quarter. Polen Capital Management LLC now owns 949 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 283 shares during the period. Finally, Xact Kapitalforvaltning AB increased its position in shares of Lendingtree by 43.7% in the first quarter. Xact Kapitalforvaltning AB now owns 986 shares of the financial services provider’s stock worth $324,000 after purchasing an additional 300 shares during the period. Institutional investors own 81.09% of the company’s stock.

In other news, CEO Douglas R. Lebda sold 14,750 shares of Lendingtree stock in a transaction dated Thursday, May 24th. The stock was sold at an average price of $264.63, for a total transaction of $3,903,292.50. Following the sale, the chief executive officer now directly owns 534,354 shares of the company’s stock, valued at $141,406,099.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter Horan sold 1,000 shares of Lendingtree stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $244.51, for a total value of $244,510.00. Following the sale, the director now directly owns 24,015 shares in the company, valued at $5,871,907.65. The disclosure for this sale can be found here. Insiders have sold 251,932 shares of company stock worth $62,266,006 over the last three months. Insiders own 20.50% of the company’s stock.

TREE has been the topic of a number of recent analyst reports. BidaskClub cut Lendingtree from a “hold” rating to a “sell” rating in a research report on Wednesday, May 30th. SunTrust Banks decreased their target price on Lendingtree to $310.00 and set a “hold” rating on the stock in a research report on Friday, April 27th. ValuEngine cut Lendingtree from a “hold” rating to a “sell” rating in a research report on Friday, April 27th. Deutsche Bank started coverage on Lendingtree in a research report on Wednesday, May 30th. They issued a “hold” rating and a $290.00 target price on the stock. Finally, Deutsche Bank decreased their target price on Lendingtree from $290.00 to $270.00 and set a “hold” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $328.18.

Lendingtree stock opened at $230.25 on Friday. Lendingtree Inc has a 12-month low of $205.45 and a 12-month high of $404.40. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 76.24, a price-to-earnings-growth ratio of 1.62 and a beta of 1.78.

Lendingtree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $0.78 by $0.69. Lendingtree had a return on equity of 12.09% and a net margin of 10.82%. The firm had revenue of $184.10 million for the quarter, compared to analyst estimates of $194.88 million. During the same period last year, the firm posted $0.90 earnings per share. The business’s revenue for the quarter was up 20.5% on a year-over-year basis. equities analysts anticipate that Lendingtree Inc will post 3.62 earnings per share for the current fiscal year.

Lendingtree Company Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

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Institutional Ownership by Quarter for Lendingtree (NASDAQ:TREE)

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