Emerald Advisers INC Has Cut Its Lendingtree INC (TREE) Stake by $18.42 Million

June 22, 2018 - By Migdalia James

LendingTree, Inc. (NASDAQ:TREE) LogoInvestors sentiment decreased to 0.71 in Q1 2018. Its down 0.52, from 1.23 in 2017Q4. It fall, as 28 investors sold TREE shares while 93 reduced holdings. 33 funds opened positions while 53 raised stakes. 9.14 million shares or 0.08% more from 9.13 million shares in 2017Q4 were reported. 11,729 were reported by Raymond James & Associates. Alliancebernstein Ltd Partnership reported 9,808 shares. Alyeska Inv Ltd Partnership has 0.12% invested in LendingTree, Inc. (NASDAQ:TREE) for 41,740 shares. Ny State Common Retirement Fund owns 15,014 shares. Deutsche Bancorp Ag reported 0% in LendingTree, Inc. (NASDAQ:TREE). The New York-based Qs Ltd Co has invested 0.07% in LendingTree, Inc. (NASDAQ:TREE). 23,246 were reported by Invesco Limited. Goldman Sachs Grp Incorporated holds 0.01% or 67,151 shares in its portfolio. Texas Permanent School Fund owns 5,106 shares. Mackay Shields Ltd Liability, a New York-based fund reported 11,400 shares. Verition Fund Mngmt Lc reported 0.06% in LendingTree, Inc. (NASDAQ:TREE). Price T Rowe Inc Md holds 0% or 5,153 shares in its portfolio. Carroll Fincl Assoc owns 3,601 shares. 2,247 are held by Jane Street Group Incorporated Ltd Limited Liability Company. Dimensional Fund Limited Partnership holds 0.04% of its portfolio in LendingTree, Inc. (NASDAQ:TREE) for 304,924 shares.

Emerald Advisers Inc decreased its stake in Lendingtree Inc (TREE) by 21.62% based on its latest 2018Q1 regulatory filing with the SEC. Emerald Advisers Inc sold 56,162 shares as the company’s stock declined 27.67% with the market. The institutional investor held 203,562 shares of the finance company at the end of 2018Q1, valued at $66.80 million, down from 259,724 at the end of the previous reported quarter. Emerald Advisers Inc who had been investing in Lendingtree Inc for a number of months, seems to be less bullish one the $3.22 billion market cap company. The stock decreased 3.23% or $8.6 during the last trading session, reaching $257.85. About 187,219 shares traded. LendingTree, Inc. (NASDAQ:TREE) has risen 66.73% since June 22, 2017 and is uptrending. It has outperformed by 54.16% the S&P500.

Emerald Advisers Inc, which manages about $1.71B and $2.50 billion US Long portfolio, upped its stake in American Eagle Outfitters Inc. (NYSE:AEO) by 974,510 shares to 985,528 shares, valued at $19.64 million in 2018Q1, according to the filing. It also increased its holding in Merit Med Sys Inc (NASDAQ:MMSI) by 88,833 shares in the quarter, for a total of 302,724 shares, and has risen its stake in Alarm.Com Holdings Inc.

Analysts await LendingTree, Inc. (NASDAQ:TREE) to report earnings on July, 26. They expect $0.76 EPS, 0.00 % or $0.00 from last year’s $0.76 per share. TREE’s profit will be $9.49 million for 84.82 P/E if the $0.76 EPS becomes a reality. After $0.51 actual EPS reported by LendingTree, Inc. for the previous quarter, Wall Street now forecasts 49.02 % EPS growth.

More recent LendingTree, Inc. (NASDAQ:TREE) news were published by: Prnewswire.com which released: “LendingTree Completes Acquisition of Ovation Credit Services” on June 12, 2018. Also Bizjournals.com published the news titled: “Congressman sues LendingTree CEO over home construction in Quail Hollow” on June 13, 2018. Seekingalpha.com‘s news article titled: “Lending Tree drops as analyst sees near-term choppiness in mortgage business” with publication date: June 13, 2018 was also an interesting one.

LendingTree, Inc. (NASDAQ:TREE) Ratings Coverage

Among 10 analysts covering LendingTree (NASDAQ:TREE), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. LendingTree has $425.0 highest and $290 lowest target. $368’s average target is 42.72% above currents $257.85 stock price. LendingTree had 13 analyst reports since January 24, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, March 27 by UBS. The firm has “Buy” rating by Stephens given on Monday, March 19. UBS upgraded LendingTree, Inc. (NASDAQ:TREE) on Monday, May 7 to “Buy” rating. The firm has “Buy” rating given on Monday, January 22 by Bank of America. RBC Capital Markets maintained the shares of TREE in report on Thursday, February 22 with “Buy” rating. The firm earned “Buy” rating on Thursday, February 22 by Northland Capital. The stock of LendingTree, Inc. (NASDAQ:TREE) has “Hold” rating given on Tuesday, May 8 by SunTrust. On Thursday, February 22 the stock rating was maintained by Needham with “Buy”. Stephens maintained the stock with “Buy” rating in Thursday, February 22 report. The firm earned “Buy” rating on Tuesday, February 27 by Guggenheim.

LendingTree, Inc. (NASDAQ:TREE) Institutional Positions Chart

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