Insider Selling: LendingTree, Inc. (TREE) CEO Sells $507,650.00 in Stock
LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda sold 1,846 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $275.00, for a total value of $507,650.00. Following the transaction, the chief executive officer now directly owns 453,418 shares in the company, valued at approximately $124,689,950. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
LendingTree, Inc. (NASDAQ TREE) opened at $258.25 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.86 and a current ratio of 3.86. The firm has a market capitalization of $3,222.60, a P/E ratio of 81.84, a P/E/G ratio of 2.74 and a beta of 1.51. LendingTree, Inc. has a 1-year low of $87.16 and a 1-year high of $280.80.
LendingTree (NASDAQ:TREE) last posted its earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.20. The business had revenue of $171.50 million for the quarter, compared to analyst estimates of $157.97 million. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The firm’s revenue was up 81.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.80 EPS. analysts anticipate that LendingTree, Inc. will post 3.06 earnings per share for the current fiscal year.
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TREE has been the topic of several recent analyst reports. Stephens boosted their price target on LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Bank of America Corporation boosted their price target on LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. BWS Financial lowered LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price target on the stock. in a research report on Thursday, October 12th. Northland Securities reaffirmed a “buy” rating and set a $280.00 price target on shares of LendingTree in a research report on Thursday, October 26th. Finally, Zacks Investment Research lowered LendingTree from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $247.08.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in LendingTree by 117,777.8% in the 1st quarter. BlackRock Inc. now owns 823,966 shares of the financial services provider’s stock valued at $103,284,000 after purchasing an additional 823,267 shares during the period. Vanguard Group Inc. boosted its stake in LendingTree by 45.6% in the 2nd quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock valued at $92,333,000 after purchasing an additional 167,933 shares during the period. Baillie Gifford & Co. boosted its stake in LendingTree by 3.2% in the 3rd quarter. Baillie Gifford & Co. now owns 346,828 shares of the financial services provider’s stock valued at $84,782,000 after purchasing an additional 10,657 shares during the period. Dimensional Fund Advisors LP boosted its stake in LendingTree by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 316,069 shares of the financial services provider’s stock valued at $54,428,000 after purchasing an additional 18,678 shares during the period. Finally, Emerald Advisers Inc. PA boosted its stake in LendingTree by 3.4% in the 2nd quarter. Emerald Advisers Inc. PA now owns 287,861 shares of the financial services provider’s stock valued at $49,570,000 after purchasing an additional 9,580 shares during the period. Institutional investors and hedge funds own 70.55% of the company’s stock.
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.
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