LendingTree, Inc. (TREE) CEO Douglas R. Lebda Sells 8,000 Shares
LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $299.13, for a total transaction of $2,393,040.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
LendingTree, Inc. (TREE) traded up $2.35 during midday trading on Friday, hitting $304.30. 235,561 shares of the company’s stock were exchanged, compared to its average volume of 231,220. The company has a market capitalization of $3,640.00, a PE ratio of 91.78, a PEG ratio of 3.08 and a beta of 1.50. LendingTree, Inc. has a 12-month low of $96.20 and a 12-month high of $307.85. 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 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 firm had revenue of $171.50 million for the quarter, compared to analysts’ expectations of $157.97 million. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The company’s revenue was up 81.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. analysts expect that LendingTree, Inc. will post 3.06 EPS for the current year.
Several institutional investors have recently modified their holdings of TREE. Vanguard Group Inc. grew its stake in shares of LendingTree by 45.6% in the second quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock worth $92,333,000 after purchasing an additional 167,933 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of LendingTree in the second quarter worth $26,693,000. Nikko Asset Management Americas Inc. grew its stake in shares of LendingTree by 1,314.7% in the second quarter. Nikko Asset Management Americas Inc. now owns 134,400 shares of the financial services provider’s stock worth $23,144,000 after purchasing an additional 124,900 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of LendingTree by 1,264.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 129,600 shares of the financial services provider’s stock worth $22,317,000 after purchasing an additional 120,100 shares during the last quarter. Finally, Davidson Kempner Capital Management LP bought a new stake in shares of LendingTree in the third quarter worth $28,550,000. 72.09% of the stock is currently owned by institutional investors.
Several research analysts have commented on the stock. BWS Financial downgraded shares of LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price objective for the company. in a research report on Thursday, October 12th. Zacks Investment Research upgraded shares of LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 price objective for the company in a research report on Thursday, November 2nd. Needham & Company LLC restated a “buy” rating and set a $300.00 price objective (up from $250.00) on shares of LendingTree in a research report on Thursday, October 26th. Oppenheimer boosted their price objective on shares of LendingTree to $340.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Northland Securities restated a “buy” rating and set a $280.00 price objective on shares of LendingTree in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. LendingTree presently has an average rating of “Buy” and a consensus target price of $251.25.
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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.
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