LendingTree, Inc. (TREE) CAO Sells $663,850.00 in Stock
LendingTree, Inc. (NASDAQ:TREE) CAO Carla Shumate sold 2,414 shares of LendingTree stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $275.00, for a total value of $663,850.00. Following the sale, the chief accounting officer now owns 4,841 shares in the company, valued at $1,331,275. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
LendingTree, Inc. (NASDAQ:TREE) traded up $5.35 during trading hours on Tuesday, hitting $295.45. The company had a trading volume of 193,800 shares, compared to its average volume of 190,933. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.86 and a current ratio of 3.86. LendingTree, Inc. has a 12 month low of $96.20 and a 12 month high of $296.00. The company has a market cap of $3,560.00, a price-to-earnings ratio of 88.18, a price-to-earnings-growth ratio of 2.95 and a beta of 1.50.
LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The company had revenue of $171.50 million for the quarter, compared to analyst estimates of $157.97 million. During the same period in the previous year, the company posted $0.80 EPS. The firm’s revenue for the quarter was up 81.3% compared to the same quarter last year. sell-side analysts predict that LendingTree, Inc. will post 3.06 EPS for the current fiscal year.
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Several large investors have recently added to or reduced their stakes in TREE. BlackRock Inc. raised its stake in shares of LendingTree by 117,777.8% during 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. raised its stake in shares of LendingTree by 45.6% during 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. Janus Henderson Group PLC bought a new stake in shares of LendingTree during the 2nd quarter valued at $26,693,000. Nikko Asset Management Americas Inc. raised its stake in shares of LendingTree by 1,314.7% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 134,400 shares of the financial services provider’s stock valued at $23,144,000 after purchasing an additional 124,900 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of LendingTree by 1,264.2% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 129,600 shares of the financial services provider’s stock valued at $22,317,000 after purchasing an additional 120,100 shares during the period. Institutional investors own 70.86% of the company’s stock.
Several brokerages have issued reports on TREE. Zacks Investment Research upgraded LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 target price on the stock in a research note on Thursday, November 2nd. Oppenheimer Holdings, Inc. boosted their target price on LendingTree from $245.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Citigroup Inc. restated an “outperform” rating and issued a $290.00 target price on shares of LendingTree in a research note on Friday, October 27th. Northland Securities restated a “buy” rating and issued a $280.00 target price on shares of LendingTree in a research note on Thursday, October 26th. Finally, Needham & Company LLC restated a “buy” rating and issued a $300.00 target price (up from $250.00) on shares of LendingTree in a research note on Thursday, October 26th. One 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’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $247.08.
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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