Insider Selling: LendingTree, Inc. (TREE) CEO Sells 8,000 Shares of Stock

LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda sold 8,000 shares of the stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $299.13, for a total value of $2,393,040.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

LendingTree, Inc. (TREE) traded up $4.15 during trading on Thursday, hitting $301.95. The stock had a trading volume of 191,451 shares, compared to its average volume of 191,830. LendingTree, Inc. has a 52-week low of $96.20 and a 52-week high of $307.00. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $3,661.85, a price-to-earnings ratio of 92.99, a P/E/G ratio of 3.12 and a beta of 1.51.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, topping the Zacks’ 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 firm had revenue of $171.50 million during the quarter, compared to analyst estimates of $157.97 million. During the same period last year, the company earned $0.80 earnings per share. The business’s revenue for the quarter was up 81.3% on a year-over-year basis. research analysts forecast that LendingTree, Inc. will post 3.06 earnings per share for the current year.

Institutional investors have recently bought and sold shares of the company. Crossmark Global Holdings Inc. bought a new position in shares of LendingTree in the third quarter worth $1,060,000. First Trust Advisors LP boosted its holdings in shares of LendingTree by 64.8% in the second quarter. First Trust Advisors LP now owns 18,394 shares of the financial services provider’s stock worth $3,167,000 after acquiring an additional 7,232 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in shares of LendingTree by 5.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 90 shares during the period. USA Financial Portformulas Corp bought a new position in shares of LendingTree in the third quarter worth $568,000. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of LendingTree by 3.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 31,573 shares of the financial services provider’s stock worth $5,437,000 after acquiring an additional 918 shares during the period. 72.09% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently commented on the company. Oppenheimer increased their price objective on LendingTree from $245.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Northland Securities reissued a “buy” rating and issued a $280.00 target price on shares of LendingTree in a research report on Thursday, October 26th. Zacks Investment Research raised LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 target price for the company in a research report on Thursday, November 2nd. Citigroup reissued an “outperform” rating and issued a $290.00 target price on shares of LendingTree in a research report on Friday, October 27th. Finally, Stephens raised their target price on LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. One 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $247.08.

ILLEGAL ACTIVITY WARNING: “Insider Selling: LendingTree, Inc. (TREE) CEO Sells 8,000 Shares of Stock” was originally published by American Banking News and is the property of of American Banking News. If you are reading this piece on another site, it was copied illegally and republished in violation of U.S. and international copyright laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/11/30/insider-selling-lendingtree-inc-tree-ceo-sells-8000-shares-of-stock.html.

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.

Leave a Reply