As Lendingtree INC (TREE) Stock Value Declined, Shareholder Nikko Asset Management Americas INC Decreased Its Position

September 8, 2018 - By Margaret Guttierez

LendingTree, Inc. (NASDAQ:TREE) LogoInvestors sentiment decreased to 0.71 in 2018 Q1. Its down 0.52, from 1.23 in 2017Q4. It dived, 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. Swiss National Bank & Trust accumulated 13,550 shares. Clearbridge Ltd Company reported 0% in LendingTree, Inc. (NASDAQ:TREE). Cambridge Inv Advisors accumulated 0% or 651 shares. Pier Capital Ltd has invested 0.72% in LendingTree, Inc. (NASDAQ:TREE). Punch And Associate Inv Mgmt Inc has invested 0.48% in LendingTree, Inc. (NASDAQ:TREE). Moreover, Meeder Asset Management Incorporated has 0.01% invested in LendingTree, Inc. (NASDAQ:TREE) for 254 shares. Parametric Associate Ltd Com, a Washington-based fund reported 30,836 shares. Portolan Cap Mgmt Llc reported 2,393 shares. Etrade Cap Mgmt Ltd Liability, New York-based fund reported 2,566 shares. Pennsylvania-based Pnc Financial Ser Group Inc has invested 0% in LendingTree, Inc. (NASDAQ:TREE). Glenmede Trust Company Na invested in 0% or 54 shares. Guggenheim Capital Lc reported 0.04% stake. Natixis reported 0.01% stake. Gideon Cap Inc has 2,500 shares. Blackrock holds 0.01% of its portfolio in LendingTree, Inc. (NASDAQ:TREE) for 757,989 shares.

Nikko Asset Management Americas Inc decreased its stake in Lendingtree Inc (TREE) by 33.57% based on its latest 2018Q1 regulatory filing with the SEC. Nikko Asset Management Americas Inc sold 138,002 shares as the company’s stock declined 27.67% with the market. The institutional investor held 273,098 shares of the finance company at the end of 2018Q1, valued at $89.62 million, down from 411,100 at the end of the previous reported quarter. Nikko Asset Management Americas Inc who had been investing in Lendingtree Inc for a number of months, seems to be less bullish one the $3.19B market cap company. The stock decreased 0.08% or $0.2 during the last trading session, reaching $248.65. About 79,045 shares traded. LendingTree, Inc. (NASDAQ:TREE) has risen 66.73% since September 8, 2017 and is uptrending. It has outperformed by 54.16% the S&P500.

Nikko Asset Management Americas Inc, which manages about $3.82B and $2.81 billion US Long portfolio, upped its stake in Las Vegas Sands Corp (NYSE:LVS) by 48,771 shares to 53,371 shares, valued at $3.84M in 2018Q1, according to the filing. It also increased its holding in Facebook Inc (NASDAQ:FB) by 22,342 shares in the quarter, for a total of 161,642 shares, and has risen its stake in Apple Inc (NASDAQ:AAPL).

Analysts await LendingTree, Inc. (NASDAQ:TREE) to report earnings on October, 25. They expect $1.31 EPS, up 48.86 % or $0.43 from last year’s $0.88 per share. TREE’s profit will be $16.79 million for 47.45 P/E if the $1.31 EPS becomes a reality. After $0.90 actual EPS reported by LendingTree, Inc. for the previous quarter, Wall Street now forecasts 45.56 % EPS growth.

More recent LendingTree, Inc. (NASDAQ:TREE) news were published by: Bizjournals.com which released: “New markets, products build momentum for LendingTree” on August 17, 2018. Also Fool.com published the news titled: “These Stocks Turned $1000 Into $21000 — or More!” on August 23, 2018. Prnewswire.com‘s news article titled: “LendingTree Analysis Reveals Where Homebuyers are Stretching to Buy” with publication date: September 06, 2018 was also an interesting one.

LendingTree, Inc. (NASDAQ:TREE) Ratings Coverage

Among 6 analysts covering Lendingtree Inc (NASDAQ:TREE), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Lendingtree Inc had 8 analyst reports since March 19, 2018 according to SRatingsIntel. UBS upgraded the shares of TREE in report on Monday, May 7 to “Buy” rating. Northland Capital downgraded the stock to “Market Perform” rating in Friday, July 27 report. The rating was initiated by UBS with “Hold” on Tuesday, March 27. The stock of LendingTree, Inc. (NASDAQ:TREE) earned “Hold” rating by Deutsche Bank on Thursday, August 16. Stephens maintained the stock with “Buy” rating in Monday, March 19 report. The company was maintained on Tuesday, May 8 by SunTrust. The firm has “Hold” rating by Compass Point given on Tuesday, June 26.

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

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