LendingTree (NASDAQ:TREE) had its price objective upped by stock analysts at Oppenheimer from $340.00 to $370.00 in a note issued to investors on Thursday. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Oppenheimer’s target price would indicate a potential upside of 13.64% from the company’s previous close.
Several other analysts also recently weighed in on the company. Zacks Investment Research downgraded LendingTree from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Stephens lifted their target price on LendingTree from $250.00 to $300.00 and gave the company an “overweight” rating in a research note on Thursday, October 26th. Bank of America lifted their target price on LendingTree from $250.00 to $285.00 and gave the company a “buy” rating in a research note on Tuesday, October 10th. BWS Financial lowered LendingTree from a “buy” rating to a “sell” rating and set a $194.00 target price on the stock. in a research note on Thursday, October 12th. Finally, Northland Securities reiterated a “buy” rating and issued a $280.00 target price on shares of LendingTree in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $253.75.
Shares of LendingTree (TREE) opened at $325.60 on Thursday. 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 firm has a market capitalization of $3,742.04, a PE ratio of 95.03, a P/E/G ratio of 2.81 and a beta of 1.54. LendingTree has a fifty-two week low of $96.20 and a fifty-two week high of $326.50.
In other news, CEO Douglas R. Lebda sold 4,000 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was sold at an average price of $258.68, for a total transaction of $1,034,720.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Nikul Patel sold 6,000 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $309.00, for a total value of $1,854,000.00. Following the sale, the insider now owns 4,953 shares in the company, valued at approximately $1,530,477. The disclosure for this sale can be found here. Insiders sold 97,374 shares of company stock worth $27,064,286 in the last quarter. 21.90% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of TREE. Invictus RG purchased a new stake in shares of LendingTree during the third quarter worth about $104,000. Advisor Group Inc. grew its stake in shares of LendingTree by 61.7% during the third quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 201 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of LendingTree during the second quarter worth about $148,000. Aperio Group LLC purchased a new stake in shares of LendingTree during the third quarter worth about $201,000. Finally, Seven Eight Capital LP purchased a new stake in shares of LendingTree during the second quarter worth about $207,000. Institutional investors and hedge funds own 72.11% of the company’s stock.
TRADEMARK VIOLATION NOTICE: This news story was originally reported by American Banking and Market News and is owned by of American Banking and Market News. If you are viewing this news story on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The legal version of this news story can be viewed at https://www.americanbankingnews.com/2017/12/14/oppenheimer-increases-lendingtree-tree-price-target-to-370-00.html.
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.
