Insider Selling: LendingTree, Inc. (TREE) Insider Sells 1,000 Shares of Stock
LendingTree, Inc. (NASDAQ:TREE) insider Nikul Patel sold 1,000 shares of the stock in a transaction on Monday, December 4th. The shares were sold at an average price of $307.00, for a total value of $307,000.00. Following the transaction, the insider now directly owns 4,953 shares in the company, valued at $1,520,571. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Nikul Patel also recently made the following trade(s):
- On Wednesday, November 29th, Nikul Patel sold 1,000 shares of LendingTree stock. The shares were sold at an average price of $300.00, for a total value of $300,000.00.
LendingTree, Inc. (NASDAQ:TREE) traded down $0.90 during trading hours on Tuesday, reaching $303.40. The company’s stock had a trading volume of 247,000 shares, compared to its average volume of 192,254. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $3,642.10, a PE ratio of 92.49, a PEG ratio of 3.10 and a beta of 1.54. LendingTree, Inc. has a twelve month low of $96.20 and a twelve month high of $316.25.
Several equities analysts have recently weighed in on TREE shares. Zacks Investment Research raised LendingTree from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Bank of America increased their price target on LendingTree from $250.00 to $285.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. BWS Financial cut LendingTree from a “buy” rating to a “sell” rating and set a $194.00 target price on the stock. in a report on Thursday, October 12th. Stephens raised their target price on LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price (up from $250.00) on shares of LendingTree in a report on Thursday, October 26th. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. LendingTree currently has an average rating of “Buy” and a consensus target price of $251.25.
A number of large investors have recently bought and sold shares of TREE. Vanguard Group Inc. raised its holdings in LendingTree by 45.6% during the second quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock valued at $92,333,000 after acquiring an additional 167,933 shares during the period. Janus Henderson Group PLC purchased a new position in shares of LendingTree during the second quarter valued at about $26,693,000. Nikko Asset Management Americas Inc. grew its position in shares of LendingTree by 1,314.7% during the second quarter. Nikko Asset Management Americas Inc. now owns 134,400 shares of the financial services provider’s stock valued at $23,144,000 after purchasing an additional 124,900 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in shares of LendingTree by 1,264.2% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 129,600 shares of the financial services provider’s stock valued at $22,317,000 after purchasing an additional 120,100 shares in the last quarter. Finally, Davidson Kempner Capital Management LP purchased a new position in shares of LendingTree during the third quarter valued at about $28,550,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.
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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