LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda sold 1,846 shares of the company’s stock in a transaction on Friday, November 3rd. The shares were sold at an average price of $275.00, for a total transaction of $507,650.00. Following the completion of the transaction, the chief executive officer now owns 453,418 shares of the company’s stock, valued at approximately $124,689,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

LendingTree, Inc. (NASDAQ TREE) traded down $2.70 during midday trading on Tuesday, reaching $273.15. 42,717 shares of the company traded hands, compared to its average volume of 208,244. The stock has a market capitalization of $3,270.00, a PE ratio of 83.04, a P/E/G ratio of 2.78 and a beta of 1.50. LendingTree, Inc. has a 52-week low of $81.65 and a 52-week high of $280.80. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.20. The firm had revenue of $171.50 million during the quarter, compared to analysts’ expectations of $157.97 million. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The firm’s revenue for the quarter was up 81.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.80 earnings per share. equities research analysts predict that LendingTree, Inc. will post 3.06 earnings per share for the current year.

COPYRIGHT VIOLATION WARNING: “LendingTree, Inc. (TREE) CEO Sells $507,650.00 in Stock” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2017/11/07/lendingtree-inc-tree-ceo-sells-507650-00-in-stock.html.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in LendingTree by 117,777.8% in the first quarter. BlackRock Inc. now owns 823,966 shares of the financial services provider’s stock valued at $103,284,000 after buying an additional 823,267 shares in the last quarter. Vanguard Group Inc. increased its holdings in LendingTree by 45.6% in the second quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock valued at $92,333,000 after buying an additional 167,933 shares in the last quarter. Baillie Gifford & Co. increased its holdings in LendingTree by 3.2% in the third quarter. Baillie Gifford & Co. now owns 346,828 shares of the financial services provider’s stock valued at $84,782,000 after buying an additional 10,657 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in LendingTree by 6.3% in the second quarter. Dimensional Fund Advisors LP now owns 316,069 shares of the financial services provider’s stock valued at $54,428,000 after buying an additional 18,678 shares in the last quarter. Finally, Emerald Advisers Inc. PA increased its holdings in LendingTree by 3.4% in the second quarter. Emerald Advisers Inc. PA now owns 287,861 shares of the financial services provider’s stock valued at $49,570,000 after buying an additional 9,580 shares in the last quarter. 70.55% of the stock is owned by hedge funds and other institutional investors.

Several research firms have issued reports on TREE. Zacks Investment Research upgraded shares of LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 price objective for the company in a research note on Thursday, November 2nd. Oppenheimer Holdings, Inc. increased their target price on shares of LendingTree from $245.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Citigroup Inc. reiterated an “outperform” rating and set a $290.00 target price on shares of LendingTree in a research note on Friday, October 27th. Northland Securities reiterated a “buy” rating and set a $280.00 target price on shares of LendingTree in a research note on Thursday, October 26th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price (up previously from $250.00) on shares of LendingTree in a research note on Thursday, October 26th. One investment 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 a consensus rating of “Buy” and an average target price of $247.08.

About LendingTree

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.

Insider Buying and Selling by Quarter for LendingTree (NASDAQ:TREE)

Receive News & Ratings for LendingTree Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingTree Inc. and related companies with MarketBeat.com's FREE daily email newsletter.