LendingTree (NASDAQ:TREE) has been assigned a $360.00 price target by Guggenheim in a report released on Thursday. The firm presently has a “buy” rating on the financial services provider’s stock. Guggenheim’s target price points to a potential upside of 4.54% from the company’s current price.
Other equities research analysts also recently issued reports about the stock. Needham & Company LLC lifted their price objective on shares of LendingTree from $300.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday. Northland Securities reiterated a “buy” rating and set a $280.00 price objective on shares of LendingTree in a research note on Thursday, October 26th. Bank of America lifted their price objective on shares of LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Zacks Investment Research upgraded shares of LendingTree from a “sell” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Oppenheimer lifted their price objective on shares of LendingTree from $340.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, eleven have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $272.31.
LendingTree (NASDAQ TREE) traded up $9.65 during trading hours on Thursday, hitting $344.35. 848,974 shares of the stock traded hands, compared to its average volume of 196,442. LendingTree has a 1-year low of $96.20 and a 1-year high of $347.75. 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 $4,010.00, a P/E ratio of 98.97, a P/E/G ratio of 2.93 and a beta of 1.54.
In related news, insider Nikul Patel sold 6,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $309.00, for a total transaction of $1,854,000.00. Following the completion of the transaction, the insider now directly owns 4,953 shares in the company, valued at $1,530,477. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas R. Lebda sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $320.11, for a total transaction of $2,560,880.00. Following the transaction, the chief executive officer now owns 397,218 shares of the company’s stock, valued at $127,153,453.98. The disclosure for this sale can be found here. Insiders have sold 105,374 shares of company stock valued at $29,625,166 over the last 90 days. 21.90% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Invictus RG acquired a new position in LendingTree during the third quarter valued at $104,000. Advisor Group Inc. increased its holdings in LendingTree by 61.7% in the third 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 in the last quarter. Aperio Group LLC purchased a new position in LendingTree in the third quarter valued at $201,000. SG Americas Securities LLC purchased a new position in LendingTree in the second quarter valued at $148,000. Finally, Amalgamated Bank purchased a new position in LendingTree in the third quarter valued at $217,000. Institutional investors own 72.11% of the company’s stock.
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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.
