Insight Capital Research & Management Inc. Sells 4,650 Shares of LendingTree, Inc. (TREE)
Insight Capital Research & Management Inc. lowered its stake in LendingTree, Inc. (NASDAQ:TREE) by 60.2% during the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,068 shares of the financial services provider’s stock after selling 4,650 shares during the quarter. Insight Capital Research & Management Inc.’s holdings in LendingTree were worth $750,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Invictus RG purchased a new stake in LendingTree in the 3rd quarter valued at approximately $104,000. Advisor Group Inc. lifted its stake in LendingTree by 61.7% in the 3rd 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. SG Americas Securities LLC purchased a new stake in LendingTree in the 2nd quarter valued at approximately $148,000. Aperio Group LLC purchased a new stake in LendingTree in the 3rd quarter valued at approximately $201,000. Finally, Seven Eight Capital LP purchased a new stake in LendingTree in the 2nd quarter valued at approximately $207,000. 72.11% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts recently issued reports on TREE shares. Zacks Investment Research lowered LendingTree from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Oppenheimer increased their price target on LendingTree from $245.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Stephens increased their price target on LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, October 26th. Bank of America increased their price target on LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday, October 10th. Finally, Citigroup reissued an “outperform” rating and set a $290.00 price target on shares of LendingTree in a research note on Friday, October 27th. One investment analyst has rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the company. LendingTree currently has an average rating of “Buy” and an average target price of $251.25.
LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.20. The business had revenue of $171.50 million during the quarter, compared to the consensus estimate of $157.97 million. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The business’s revenue for the quarter was up 81.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 EPS. research analysts predict that LendingTree, Inc. will post 3.06 earnings per share for the current year.
In other news, CEO Douglas R. Lebda sold 8,000 shares of the company’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $306.96, for a total transaction of $2,455,680.00. Following the completion of the sale, the chief executive officer now directly owns 403,818 shares in the company, valued at approximately $123,955,973.28. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Douglas R. Lebda sold 16,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $275.00, for a total value of $4,400,000.00. Following the sale, the chief executive officer now owns 453,418 shares of the company’s stock, valued at $124,689,950. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 97,374 shares of company stock valued at $27,064,286. Insiders own 21.90% of the company’s stock.
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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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