LendingTree, Inc. (TREE) Director Sells $924,280.00 in Stock
LendingTree, Inc. (NASDAQ:TREE) Director Peter Horan sold 3,500 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $264.08, for a total transaction of $924,280.00. Following the completion of the transaction, the director now directly owns 31,494 shares in the company, valued at $8,316,935.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Peter Horan also recently made the following trade(s):
- On Tuesday, August 22nd, Peter Horan sold 2,000 shares of LendingTree stock. The shares were sold at an average price of $226.90, for a total transaction of $453,800.00.
LendingTree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The company had revenue of $171.50 million during the quarter, compared to analyst estimates of $157.97 million. During the same quarter in the previous year, the firm earned $0.80 earnings per share. LendingTree’s revenue was up 81.3% on a year-over-year basis.
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Several hedge funds and other institutional investors have recently modified their holdings of TREE. Meeder Asset Management Inc. grew its holdings in shares of LendingTree by 2,685.7% during the second quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 752 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of LendingTree during the second quarter worth about $148,000. Aperio Group LLC purchased a new position in shares of LendingTree during the third quarter worth about $201,000. Seven Eight Capital LP purchased a new position in shares of LendingTree during the second quarter worth about $207,000. Finally, Profund Advisors LLC purchased a new position in shares of LendingTree during the second quarter worth about $210,000. 72.00% of the stock is owned by institutional investors.
Several brokerages have recently weighed in on TREE. BWS Financial lowered shares of LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price objective on the stock. in a research report on Thursday, October 12th. Zacks Investment Research raised shares of LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 price objective on the stock in a research report on Thursday. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective (up from $250.00) on shares of LendingTree in a research report on Thursday, October 26th. Northland Securities reissued a “buy” rating and issued a $280.00 price objective on shares of LendingTree in a research report on Thursday, October 26th. Finally, Citigroup Inc. restated an “outperform” rating and issued a $290.00 price target on shares of LendingTree in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $247.08.
LendingTree Company Profile
LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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