Newman Dignan & Sheerar Continues to Hold Stake in Alibaba Group Hldg Adr (BABA); Lending Tree (TREE) Shareholder Connors Investor Services Decreased Holding by $1.48 Million

January 14, 2018 - By Louis Casey

Connors Investor Services Inc decreased its stake in Lending Tree Inc (TREE) by 30.21% based on its latest 2017Q3 regulatory filing with the SEC. Connors Investor Services Inc sold 6,071 shares as the company’s stock rose 39.58% with the market. The institutional investor held 14,026 shares of the finance company at the end of 2017Q3, valued at $3.43M, down from 20,097 at the end of the previous reported quarter. Connors Investor Services Inc who had been investing in Lending Tree Inc for a number of months, seems to be less bullish one the $4.36 billion market cap company. The stock increased 0.47% or $1.7 during the last trading session, reaching $364. About 99,417 shares traded. LendingTree, Inc. (NASDAQ:TREE) has risen 126.83% since January 14, 2017 and is uptrending. It has outperformed by 110.13% the S&P500.

Newman Dignan & Sheerar Inc increased its stake in Alibaba Group Hldg Adr (BABA) by 92.77% based on its latest 2017Q3 regulatory filing with the SEC. Newman Dignan & Sheerar Inc bought 3,066 shares as the company’s stock rose 22.58% with the market. The institutional investor held 6,371 shares of the business services company at the end of 2017Q3, valued at $1.10M, up from 3,305 at the end of the previous reported quarter. Newman Dignan & Sheerar Inc who had been investing in Alibaba Group Hldg Adr for a number of months, seems to be bullish on the $481.84 billion market cap company. The stock decreased 0.51% or $0.96 during the last trading session, reaching $187.79. About 11.79M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since January 14, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

Among 14 analysts covering LendingTree (NASDAQ:TREE), 13 have Buy rating, 1 Sell and 0 Hold. Therefore 93% are positive. LendingTree had 35 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Tuesday, June 20 by Needham. As per Monday, November 16, the company rating was initiated by Guggenheim. Mizuho maintained LendingTree, Inc. (NASDAQ:TREE) on Monday, November 21 with “Buy” rating. Compass Point initiated the stock with “Buy” rating in Thursday, June 2 report. The stock has “Buy” rating by RBC Capital Markets on Tuesday, July 25. The stock of LendingTree, Inc. (NASDAQ:TREE) earned “Buy” rating by Northland Capital on Thursday, December 14. The firm has “Buy” rating given on Tuesday, October 27 by Needham. On Wednesday, November 18 the stock rating was initiated by Bank of America with “Neutral”. The rating was maintained by Mizuho on Friday, October 28 with “Buy”. The stock of LendingTree, Inc. (NASDAQ:TREE) has “Buy” rating given on Thursday, December 10 by Bank of America.

Analysts await LendingTree, Inc. (NASDAQ:TREE) to report earnings on February, 22. They expect $0.71 earnings per share, up 2.90% or $0.02 from last year’s $0.69 per share. TREE’s profit will be $8.50 million for 128.17 P/E if the $0.71 EPS becomes a reality. After $0.88 actual earnings per share reported by LendingTree, Inc. for the previous quarter, Wall Street now forecasts -19.32% negative EPS growth.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.17, from 1.13 in 2017Q2. It improved, as 14 investors sold TREE shares while 63 reduced holdings. 35 funds opened positions while 65 raised stakes. 8.39 million shares or 0.09% more from 8.38 million shares in 2017Q2 were reported. Horizon Kinetics Ltd Com owns 8,233 shares. 12,820 are held by Prudential Financial. Dimensional Fund Advsrs Limited Partnership reported 312,601 shares. Highlander Limited Liability invested 0% of its portfolio in LendingTree, Inc. (NASDAQ:TREE). Cornerstone Mngmt Ltd Liability Co reported 100 shares stake. State Board Of Administration Of Florida Retirement System holds 0% or 4,007 shares in its portfolio. Qs Limited Com, New York-based fund reported 22,970 shares. Schwab Charles Inv Mgmt owns 0.01% invested in LendingTree, Inc. (NASDAQ:TREE) for 33,435 shares. Moreover, Lpl Fincl Lc has 0% invested in LendingTree, Inc. (NASDAQ:TREE) for 1,157 shares. Rbf Cap Lc reported 0.03% of its portfolio in LendingTree, Inc. (NASDAQ:TREE). Wellington Grp Limited Liability Partnership has 0% invested in LendingTree, Inc. (NASDAQ:TREE) for 15,922 shares. Scout Investments stated it has 68,661 shares. Oppenheimer Asset Mgmt owns 0% invested in LendingTree, Inc. (NASDAQ:TREE) for 35 shares. Raymond James And Assocs invested 0.01% in LendingTree, Inc. (NASDAQ:TREE). Connors Investor holds 14,026 shares.

Connors Investor Services Inc, which manages about $522.13M and $662.99M US Long portfolio, upped its stake in Apple (NASDAQ:AAPL) by 25,613 shares to 100,826 shares, valued at $15.52M in 2017Q3, according to the filing. It also increased its holding in Chevron (NYSE:CVX) by 4,530 shares in the quarter, for a total of 66,085 shares, and has risen its stake in Costco Wholesale (NASDAQ:COST).

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