Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 14,750 shares of the stock in a transaction dated Tuesday, July 10th. The shares were sold at an average price of $223.02, for a total value of $3,289,545.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of NASDAQ TREE traded up $7.75 during trading on Thursday, hitting $246.50. The company had a trading volume of 359,591 shares, compared to its average volume of 247,746. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.73. Lendingtree Inc has a 12 month low of $169.05 and a 12 month high of $404.40. The company has a market capitalization of $2.77 billion, a P/E ratio of 81.62, a price-to-earnings-growth ratio of 1.82 and a beta of 1.75.
Lendingtree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, April 26th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.02). Lendingtree had a return on equity of 11.81% and a net margin of 6.04%. The company had revenue of $181.00 million during the quarter, compared to the consensus estimate of $174.13 million. During the same period last year, the business earned $0.85 EPS. The firm’s quarterly revenue was up 36.6% compared to the same quarter last year. research analysts anticipate that Lendingtree Inc will post 3.37 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Xact Kapitalforvaltning AB bought a new position in shares of Lendingtree in the fourth quarter worth about $234,000. Advisor Group Inc. grew its position in shares of Lendingtree by 36.2% during the fourth quarter. Advisor Group Inc. now owns 718 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 191 shares in the last quarter. ARP Americas LP purchased a new stake in shares of Lendingtree during the first quarter worth about $263,000. Polen Capital Management LLC grew its position in shares of Lendingtree by 42.5% during the first quarter. Polen Capital Management LLC now owns 949 shares of the financial services provider’s stock worth $311,000 after purchasing an additional 283 shares in the last quarter. Finally, NJ State Employees Deferred Compensation Plan purchased a new stake in shares of Lendingtree during the first quarter worth about $328,000. 78.25% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on TREE shares. Zacks Investment Research raised Lendingtree from a “sell” rating to a “buy” rating and set a $362.00 target price on the stock in a report on Wednesday, April 25th. UBS Group raised Lendingtree from a “neutral” rating to a “buy” rating and set a $375.00 target price on the stock in a report on Monday, May 7th. Compass Point downgraded Lendingtree from a “buy” rating to a “neutral” rating and lowered their target price for the company from $350.00 to $275.00 in a report on Tuesday, June 26th. BidaskClub downgraded Lendingtree from a “buy” rating to a “hold” rating in a report on Thursday, April 5th. Finally, ValuEngine downgraded Lendingtree from a “hold” rating to a “sell” rating in a report on Friday, April 27th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $341.63.
Lendingtree Company Profile
LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.
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