Nikul Patel Sells 7,500 Shares of Tree.com Inc. (TREE) Stock
Tree.com Inc. (NASDAQ:TREE) COO Nikul Patel sold 7,500 shares of the company’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $99.60, for a total transaction of $747,000.00. Following the sale, the chief operating officer now owns 23,000 shares in the company, valued at $2,290,800. The sale was disclosed in a filing with the SEC, which is available at this link.
Tree.com Inc. (NASDAQ:TREE) opened at 106.55 on Thursday. The stock’s 50 day moving average is $89.69 and its 200-day moving average is $91.21. Tree.com Inc. has a 1-year low of $52.11 and a 1-year high of $112.00. The company has a market capitalization of $1.26 billion, a P/E ratio of 26.22 and a beta of 1.36.
Tree.com (NASDAQ:TREE) last issued its earnings results on Thursday, October 27th. The company reported $0.80 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by $0.04. Tree.com had a return on equity of 26.82% and a net margin of 14.43%. The firm had revenue of $94.60 million for the quarter, compared to analysts’ expectations of $97.43 million. During the same period last year, the firm earned $0.79 earnings per share. Tree.com’s revenue for the quarter was up 35.5% on a year-over-year basis. On average, analysts expect that Tree.com Inc. will post $3.21 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of the company. BNP Paribas Arbitrage SA increased its position in shares of Tree.com by 121.9% in the second quarter. BNP Paribas Arbitrage SA now owns 2,126 shares of the company’s stock worth $188,000 after buying an additional 1,168 shares during the period. SG Americas Securities LLC increased its position in shares of Tree.com by 5.6% in the second quarter. SG Americas Securities LLC now owns 2,791 shares of the company’s stock worth $247,000 after buying an additional 147 shares during the period. Societe Generale purchased a new position in shares of Tree.com during the second quarter worth approximately $247,000. Capstone Asset Management Co. increased its position in shares of Tree.com by 21.1% in the second quarter. Capstone Asset Management Co. now owns 4,760 shares of the company’s stock worth $420,000 after buying an additional 830 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Tree.com by 4.5% in the second quarter. Rhumbline Advisers now owns 8,304 shares of the company’s stock worth $733,000 after buying an additional 359 shares during the period. 89.77% of the stock is currently owned by institutional investors.
TREE has been the topic of several analyst reports. RBC Capital Markets set a $145.00 price target on shares of Tree.com and gave the company a “buy” rating in a report on Monday, October 24th. Zacks Investment Research upgraded shares of Tree.com from a “sell” rating to a “buy” rating and set a $115.00 price target on the stock in a report on Thursday, August 4th. Vetr upgraded shares of Tree.com from a “buy” rating to a “strong-buy” rating and set a $118.86 price target on the stock in a report on Wednesday, August 17th. Royal Bank Of Canada upped their price target on shares of Tree.com from $110.00 to $120.00 and gave the company an “outperform” rating in a report on Friday, November 18th. Finally, Mizuho cut their price target on shares of Tree.com from $122.00 to $116.00 and set a “buy” rating on the stock in a report on Friday, September 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. Tree.com currently has an average rating of “Buy” and an average target price of $122.99.
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LendingTree, Inc (LendingTree), formerly Tree.com, Inc, is engaged in operating an online loan marketplace for consumers. The Company offers a range of loan types and other credit-based offerings for its consumers. The Company operates through Lending activities segment. 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, reverse mortgage, auto loans, credit cards, personal loans, student loans and small business loans, and other related offerings.
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