Lendingtree INC (TREE) Shareholder Advent Capital Management Increased Its Stake by $5.83 Million as Shares Rose

April 20, 2018 - By Daniel Mitchell

LendingTree, Inc. (NASDAQ:TREE) Corporate LogoDuring Q4 2017 the big money sentiment decreased to 1.23. That’s change of 0.07, from 2017Q3’s 1.3. 18 investors sold all, 70 reduced holdings as TREE ratio is negative. 64 increased holdings while 44 funds acquired holdings. Funds hold 9.13 million shares thus 8.84% more from 2017Q3’s 8.39 million shares. New York-based Advent Mngmt De has invested 0.28% in LendingTree, Inc. (NASDAQ:TREE). Royal Fincl Bank Of Canada reported 6,692 shs or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 639 shs. Partner Fund Management Limited Partnership has 65,340 shs for 0.53% of their capital. Bartlett Company Ltd Liability Company reported 108 shs or 0% of all its holdings. New York-based G2 Invest Ptnrs Mngmt Ltd Co has invested 7.89% in LendingTree, Inc. (NASDAQ:TREE). 7,734 are owned by Comerica Natl Bank. Rafferty Asset Management Ltd Liability accumulated 0.02% or 2,602 shs. Art Ltd accumulated 13,315 shs or 0.2% of the stock. Envestnet Asset Mgmt reported 169 shs. Barclays Public Limited Company owns 29,039 shs for 0.01% of their capital. Wellington Mgmt Grp Inc Ltd Liability Partnership invested 0% in LendingTree, Inc. (NASDAQ:TREE). Prudential owns 12,705 shs for 0.01% of their capital. Guggenheim Capital Limited has invested 0.01% in LendingTree, Inc. (NASDAQ:TREE). The Missouri-based Amer Century Companies has invested 0% in LendingTree, Inc. (NASDAQ:TREE).

Based on the latest 2017Q4 regulatory filing with the SEC, Advent Capital Management upped its stake in Lendingtree Inc (TREE) by 66%. 17,160 shares were bought by Advent Capital Management as the company’s stock rose 1.74% while stock markets declined. The finance company announced $14.69 million value for the 2017Q4. Now the institutional investor is holding 43,160 shares, compared to the 26,000 from the previous quarter. Lendingtree Inc has $3.95 billion MC. TREE hit $322.5 during the last trading session after $7.05 change.LendingTree, Inc. has volume of 132,885 shares. Since April 20, 2017 TREE has risen 190.64% and is uptrending. The stock outperformed the S&P500 by 179.09%.

The Advent Capital Management’s stake in Old Republic Intl Corp (Prn) was decreased by 5.14 million shares to 12.38M shares valued at $17.18M in 2017Q4, according to the filing. It manages about $5.22 billion US Long portfolio. Advent Capital Management has cut its stake in National Health Investor (Prn) and also reduced its holding in Calatlantic Group Inc (Prn) by 5.50 million shares in the quarter, for a total of 30.98M shares.

LendingTree, Inc. (NASDAQ:TREE) Ratings Coverage

In total 10 analysts cover Lendingtree Inc (NASDAQ:TREE). “Buy” rating has 7, “Sell” are 0, while 3 are “Hold”. (NASDAQ:TREE) has 70% bullish analysts. With $425.0 highest and $290 lowest [Target], Lendingtree Inc has $374.44 average [Target] or 16.11% above the current ($322.5) price. 16 are the (NASDAQ:TREE)’s ratings reports on 20 Apr 2018 according to StockzIntelligence Inc. On Thursday, February 22 the stock has “Buy” rating by Needham. On Monday, December 18 the rating was maintained by Stephens with “Buy”. On Friday, October 27 the rating was maintained by Oppenheimer with “Outperform”. The stock rating was maintained by Guggenheim with “Buy” on Wednesday, December 13. On Thursday, February 22 the company was maintained by RBC Capital Markets. On Thursday, February 22 the stock of LendingTree, Inc. (NASDAQ:TREE) has “Buy” rating given by Northland Capital. On Thursday, February 22 the stock of LendingTree, Inc. (NASDAQ:TREE) earned “Buy” rating by Stephens. The stock rating was maintained by Bank of America with “Buy” on Monday, January 22. On Thursday, December 14 the firm earned “Buy” rating by Needham. On Thursday, December 14 the stock of LendingTree, Inc. (NASDAQ:TREE) earned “Buy” rating by Northland Capital.

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

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