Insider Selling: Lendingtree Inc (TREE) CEO Sells $2,710,480.00 in Stock
Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 27th. The shares were sold at an average price of $338.81, for a total transaction of $2,710,480.00. Following the transaction, the chief executive officer now directly owns 379,327 shares of the company’s stock, valued at approximately $128,519,780.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Lendingtree Inc (TREE) opened at $340.45 on Monday. Lendingtree Inc has a 1 year low of $96.20 and a 1 year high of $355.80. The stock has a market cap of $4,074.85, a P/E ratio of 149.32, a price-to-earnings-growth ratio of 3.01 and a beta of 1.54. 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 (NASDAQ:TREE) last announced its earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.20. Lendingtree had a net margin of 5.49% and a return on equity of 16.52%. The business had revenue of $171.50 million during the quarter, compared to analyst estimates of $157.97 million. During the same period in the previous year, the business posted $0.80 earnings per share. Lendingtree’s revenue for the quarter was up 81.3% on a year-over-year basis. equities research analysts anticipate that Lendingtree Inc will post 3.06 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Lendingtree by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,059 shares of the financial services provider’s stock worth $871,000 after acquiring an additional 70 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in shares of Lendingtree by 5.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 90 shares during the last quarter. Campbell Newman Asset Management Inc. lifted its holdings in shares of Lendingtree by 4.9% in the 2nd quarter. Campbell Newman Asset Management Inc. now owns 3,125 shares of the financial services provider’s stock worth $538,000 after acquiring an additional 145 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Lendingtree by 1.4% in the 2nd quarter. Teachers Advisors LLC now owns 11,557 shares of the financial services provider’s stock worth $1,990,000 after acquiring an additional 158 shares during the last quarter. Finally, New York State Teachers Retirement System lifted its holdings in shares of Lendingtree by 1.0% in the 3rd quarter. New York State Teachers Retirement System now owns 19,657 shares of the financial services provider’s stock worth $4,805,000 after acquiring an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 71.68% 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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