It Seems Lendingtree Inc (NASDAQ:TREE) Will Go Up. Just Reported Less Shorted Shares

October 13, 2018 - By Adrian Mccoy

LendingTree, Inc. (NASDAQ:TREE) Logo

Investors sentiment increased to 1.64 in 2018 Q2. Its up 0.93, from 0.71 in 2018Q1. It improved, as 28 investors sold LendingTree, Inc. shares while 49 reduced holdings. 40 funds opened positions while 86 raised stakes. 10.21 million shares or 11.78% more from 9.14 million shares in 2018Q1 were reported.
Kennedy Capital Management reported 0.07% stake. Horizon Kinetics Ltd Liability Com has 8,233 shares for 0.05% of their portfolio. Schroder Mngmt Grp owns 2,134 shares or 0% of their US portfolio. Envestnet Asset Mgmt Inc invested 0% of its portfolio in LendingTree, Inc. (NASDAQ:TREE). 2,498 are owned by Qcm Cayman. Victory Capital Mgmt has invested 0.13% of its portfolio in LendingTree, Inc. (NASDAQ:TREE). Rhumbline Advisers owns 15,487 shares for 0.01% of their portfolio. Jackson Square Partners Limited Liability Co holds 416,040 shares or 0.45% of its portfolio. Par Cap Inc stated it has 26,400 shares or 0.06% of all its holdings. Geode Cap Mgmt Llc stated it has 0.01% of its portfolio in LendingTree, Inc. (NASDAQ:TREE). Sei Invs accumulated 80,976 shares or 0.06% of the stock. Arizona State Retirement Sys stated it has 5,464 shares or 0.01% of all its holdings. Glenmede Company Na invested in 0% or 54 shares. Ls Advsr Limited accumulated 1,106 shares. Moreover, Bank Of America De has 0.01% invested in LendingTree, Inc. (NASDAQ:TREE).

The stock of Lendingtree Inc (NASDAQ:TREE) registered a decrease of 6.19% in short interest. TREE’s total short interest was 2.28M shares in October as published by FINRA. Its down 6.19% from 2.43M shares, reported previously. With 106,900 shares average volume, it will take short sellers 21 days to cover their TREE’s short positions. The short interest to Lendingtree Inc’s float is 30.6%.

The stock decreased 3.54% or $7.31 during the last trading session, reaching $199.29. About 402,474 shares traded or 126.99% up from the average. LendingTree, Inc. (NASDAQ:TREE) has risen 4.70% since October 13, 2017 and is uptrending. It has underperformed by 10.92% the S&P500.

LendingTree, Inc., through its subsidiary, LendingTree, LLC, operates an online loan marketplace for clients seeking loans and other credit offerings in the United States. The company has market cap of $2.55 billion. The firm offers tools and resources, including free credit scores that facilitate comparison shopping for these loans and other credit offerings. It has a 37.4 P/E ratio. The Company’s mortgage products comprise purchase and refinance products.

LendingTree, Inc. (NASDAQ:TREE) Ratings Coverage

Among 5 analysts covering LendingTree (NASDAQ:TREE), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. LendingTree had 6 analyst reports since May 7, 2018 according to SRatingsIntel. The firm has “Market Perform” rating by Northland Capital given on Friday, July 27. SunTrust maintained LendingTree, Inc. (NASDAQ:TREE) rating on Tuesday, May 8. SunTrust has “Hold” rating and $31000 target. The rating was upgraded by UBS on Monday, May 7 to “Buy”. The company was downgraded on Tuesday, June 26 by Compass Point. The stock of LendingTree, Inc. (NASDAQ:TREE) earned “Hold” rating by Deutsche Bank on Thursday, August 16.

More important recent LendingTree, Inc. (NASDAQ:TREE) news were published by: which released: “LendingTree Inc. (TREE) LendingTree to Acquire (Transcript)” on October 05, 2018, also published article titled: “LendingTree (TREE) Announces Acquisition of LLC for Approx. $370.20M”, published: “LendingTree To Recognize Financial Innovation At The Benzinga Fintech Summit” on September 26, 2018. More interesting news about LendingTree, Inc. (NASDAQ:TREE) was released by: and their article: “LendingTree Study Ranks the Cities with the Most Foreign-born Homeowners” with publication date: October 11, 2018.

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

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