LendingTree (TREE) Upgraded by BidaskClub to “Strong-Buy”
LendingTree (NASDAQ:TREE) was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a report issued on Friday.
A number of other brokerages have also recently issued reports on TREE. Zacks Investment Research cut LendingTree from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Oppenheimer raised their target price on LendingTree from $245.00 to $290.00 and gave the stock an “outperform” rating in a report on Friday, October 27th. 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. Bank of America raised their target price on LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, Citigroup restated an “outperform” rating and set a $290.00 target price on shares of LendingTree in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. LendingTree has a consensus rating of “Buy” and a consensus target price of $272.31.
Shares of LendingTree (NASDAQ:TREE) traded up $9.65 on Friday, reaching $344.35. The company’s stock had a trading volume of 627,881 shares, compared to its average volume of 222,421. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.86 and a current ratio of 3.86. LendingTree has a 12-month low of $96.20 and a 12-month high of $347.75. The company has a market capitalization of $4,005.96, a PE ratio of 101.73, a P/E/G ratio of 3.01 and a beta of 1.54.
In other news, CEO Douglas R. Lebda sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $320.11, for a total transaction of $2,560,880.00. Following the sale, the chief executive officer now owns 397,218 shares of the company’s stock, valued at $127,153,453.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Steven Ozonian sold 2,000 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $265.08, for a total value of $530,160.00. Following the sale, the director now directly owns 9,379 shares in the company, valued at approximately $2,486,185.32. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,374 shares of company stock worth $29,625,166. 21.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Invictus RG acquired a new stake in LendingTree in the 3rd quarter valued at approximately $104,000. Advisor Group Inc. raised its position in LendingTree by 61.7% in the 3rd quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock valued at $128,000 after buying an additional 201 shares during the last quarter. SG Americas Securities LLC acquired a new stake in LendingTree in the 2nd quarter valued at approximately $148,000. Aperio Group LLC acquired a new stake in LendingTree in the 3rd quarter valued at approximately $201,000. Finally, Seven Eight Capital LP acquired a new stake in LendingTree in the 2nd quarter valued at approximately $207,000. 72.11% of the stock is currently owned by institutional investors.
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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