LendingTree, Inc. (TREE) CEO Sells $1,059,760.00 in Stock
LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $264.94, for a total transaction of $1,059,760.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of LendingTree, Inc. (NASDAQ TREE) traded up $9.00 on Friday, hitting $273.20. 113,800 shares of the stock traded hands, compared to its average volume of 226,328. The company has a market cap of $3,196.87, a price-to-earnings ratio of 81.18 and a beta of 1.51.
LendingTree (NASDAQ:TREE) last announced its quarterly earnings results 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 net margin of 5.49% and a return on equity of 16.52%. The company had revenue of $171.50 million for the quarter, compared to analyst estimates of $157.97 million. During the same quarter in the prior year, the business posted $0.80 EPS. LendingTree’s quarterly revenue was up 81.3% on a year-over-year basis. analysts expect that LendingTree, Inc. will post 3.06 EPS for the current year.
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TREE has been the topic of several research reports. Northland Securities reiterated a “buy” rating and issued a $150.00 price objective on shares of LendingTree in a research note on Tuesday, July 25th. Needham & Company LLC reiterated a “buy” rating and issued a $250.00 price objective (up previously from $200.00) on shares of LendingTree in a research note on Thursday, July 27th. Royal Bank Of Canada upped their price objective on shares of LendingTree from $160.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, July 28th. Stephens reiterated an “overweight” rating and issued a $250.00 price objective (up previously from $200.00) on shares of LendingTree in a research note on Sunday, July 30th. Finally, Zacks Investment Research lowered shares of LendingTree from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. LendingTree presently has an average rating of “Buy” and a consensus target price of $247.08.
Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. increased its stake in shares of LendingTree by 117,777.8% during the 1st quarter. BlackRock Inc. now owns 823,966 shares of the financial services provider’s stock worth $103,284,000 after purchasing an additional 823,267 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of LendingTree by 45.6% during the 2nd quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock worth $92,333,000 after buying an additional 167,933 shares during the period. Baillie Gifford & Co. boosted its holdings in shares of LendingTree by 3.2% during the 3rd quarter. Baillie Gifford & Co. now owns 346,828 shares of the financial services provider’s stock worth $84,782,000 after buying an additional 10,657 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of LendingTree by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 316,069 shares of the financial services provider’s stock worth $54,428,000 after buying an additional 18,678 shares during the period. Finally, Emerald Advisers Inc. PA boosted its holdings in shares of LendingTree by 3.4% during the 2nd quarter. Emerald Advisers Inc. PA now owns 287,861 shares of the financial services provider’s stock worth $49,570,000 after buying an additional 9,580 shares during the period. Institutional investors own 72.00% of the company’s stock.
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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