Insider Selling: Lendingtree Inc (TREE) Insider Sells 4,800 Shares of Stock

Lendingtree Inc (NASDAQ:TREE) insider Carla Shumate sold 4,800 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $343.72, for a total value of $1,649,856.00. Following the completion of the transaction, the insider now directly owns 7,227 shares in the company, valued at approximately $2,484,064.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Carla Shumate also recently made the following trade(s):

  • On Thursday, November 16th, Carla Shumate sold 2,414 shares of Lendingtree stock. The shares were sold at an average price of $275.00, for a total value of $663,850.00.

Lendingtree Inc (NASDAQ TREE) traded down $7.98 during midday trading on Thursday, reaching $344.57. The company’s stock had a trading volume of 61,271 shares, compared to its average volume of 199,251. 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 Inc has a 12-month low of $111.88 and a 12-month high of $404.40. The company has a market capitalization of $4,075.38, a PE ratio of 151.52, a PEG ratio of 1.84 and a beta of 1.63.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jackson Square Partners LLC lifted its stake in Lendingtree by 0.3% during the third quarter. Jackson Square Partners LLC now owns 549,600 shares of the financial services provider’s stock worth $134,349,000 after purchasing an additional 1,853 shares during the last quarter. Vanguard Group Inc. lifted its stake in Lendingtree by 45.6% during the second quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock worth $92,333,000 after purchasing an additional 167,933 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Lendingtree by 3.2% during the third quarter. Baillie Gifford & Co. now owns 346,828 shares of the financial services provider’s stock worth $84,782,000 after purchasing an additional 10,657 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Lendingtree by 6.3% during the second quarter. Dimensional Fund Advisors LP now owns 316,069 shares of the financial services provider’s stock worth $54,428,000 after purchasing an additional 18,678 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in Lendingtree by 55.6% during the third quarter. Macquarie Group Ltd. now owns 221,383 shares of the financial services provider’s stock worth $54,117,000 after purchasing an additional 79,065 shares during the last quarter. Hedge funds and other institutional investors own 72.18% of the company’s stock.

Several equities analysts have recently commented on TREE shares. Zacks Investment Research downgraded Lendingtree from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Oppenheimer upped their target price on Lendingtree from $245.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Bank of America reaffirmed a “buy” rating and issued a $425.00 target price on shares of Lendingtree in a research report on Tuesday, January 23rd. Stephens boosted their price target on Lendingtree from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Finally, Citigroup reiterated an “outperform” rating and issued a $290.00 price target on shares of Lendingtree in a research note on Friday, October 27th. One analyst has rated the stock with a sell rating, two have given a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. Lendingtree presently has an average rating of “Buy” and an average target price of $288.85.

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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)

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