LendingTree, Inc. (NASDAQ:TREE) President Neil Salvage sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, November 17th. The stock was sold at an average price of $283.97, for a total value of $567,940.00. Following the completion of the transaction, the president now owns 7,025 shares of the company’s stock, valued at $1,994,889.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Neil Salvage also recently made the following trade(s):

  • On Tuesday, November 14th, Neil Salvage sold 2,000 shares of LendingTree stock. The stock was sold at an average price of $269.80, for a total value of $539,600.00.
  • On Friday, November 3rd, Neil Salvage sold 3,893 shares of LendingTree stock. The stock was sold at an average price of $269.10, for a total value of $1,047,606.30.
  • On Friday, October 27th, Neil Salvage sold 1,500 shares of LendingTree stock. The stock was sold at an average price of $267.08, for a total value of $400,620.00.

Shares of LendingTree, Inc. (NASDAQ TREE) opened at $298.20 on Thursday. LendingTree, Inc. has a twelve month low of $96.20 and a twelve month high of $304.50. The firm has a market capitalization of $3,555.33, a price-to-earnings ratio of 90.29, a P/E/G ratio of 3.03 and a beta of 1.51. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78.

LendingTree (NASDAQ:TREE) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate 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 quarter in the prior year, the firm posted $0.80 EPS. LendingTree’s quarterly revenue was up 81.3% compared to the same quarter last year. equities analysts forecast that LendingTree, Inc. will post 3.06 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the business. California Public Employees Retirement System increased its stake in LendingTree by 1.1% in the third quarter. California Public Employees Retirement System now owns 21,239 shares of the financial services provider’s stock worth $5,192,000 after purchasing an additional 239 shares during the period. Davidson Kempner Capital Management LP purchased a new stake in LendingTree in the third quarter worth $28,550,000. Jackson Square Partners LLC increased its stake in LendingTree by 0.3% in the third quarter. Jackson Square Partners LLC now owns 549,600 shares of the financial services provider’s stock worth $134,349,000 after purchasing an additional 1,853 shares during the period. Invictus RG purchased a new stake in LendingTree in the third quarter worth $104,000. Finally, Schwab Charles Investment Management Inc. increased its stake in LendingTree by 5.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 33,435 shares of the financial services provider’s stock worth $8,174,000 after purchasing an additional 1,862 shares during the period. Institutional investors and hedge funds own 70.86% of the company’s stock.

TREE has been the topic of several recent research reports. Stephens upped their price objective on LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Zacks Investment Research cut LendingTree from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Bank of America Corporation upped their price objective on LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. BWS Financial cut LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price objective on the stock. in a report on Thursday, October 12th. Finally, Northland Securities reaffirmed a “buy” rating and set a $280.00 price objective on shares of LendingTree in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $247.08.

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.

Insider Buying and Selling by Quarter for LendingTree (NASDAQ:TREE)

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