Lendingtree Inc (TREE) Shares Sold by Carroll Financial Associates Inc.
Carroll Financial Associates Inc. trimmed its holdings in Lendingtree Inc (NASDAQ:TREE) by 27.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,101 shares of the financial services provider’s stock after selling 1,560 shares during the period. Carroll Financial Associates Inc.’s holdings in Lendingtree were worth $1,396,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Ameriprise Financial Inc. grew its stake in Lendingtree by 7.4% in the third quarter. Ameriprise Financial Inc. now owns 140,699 shares of the financial services provider’s stock valued at $34,393,000 after acquiring an additional 9,658 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Lendingtree during the third quarter worth about $1,060,000. USA Financial Portformulas Corp acquired a new position in shares of Lendingtree during the third quarter worth about $568,000. Global X MANAGEMENT CO LLC boosted its position in shares of Lendingtree by 55.2% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,813 shares of the financial services provider’s stock worth $688,000 after buying an additional 1,000 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Lendingtree by 3.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 31,573 shares of the financial services provider’s stock worth $5,437,000 after buying an additional 918 shares during the period. 71.68% of the stock is owned by hedge funds and other institutional investors.
Lendingtree Inc (NASDAQ:TREE) traded up $12.75 on Thursday, reaching $372.75. The company had a trading volume of 221,400 shares, compared to its average volume of 148,500. Lendingtree Inc has a fifty-two week low of $103.80 and a fifty-two week high of $374.50. The company has a market capitalization of $4,308.77, a price-to-earnings ratio of 163.49, a PEG ratio of 2.14 and a beta of 1.54. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78.
Lendingtree (NASDAQ:TREE) last released its earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping the 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 business 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 company posted $0.80 earnings per share. Lendingtree’s revenue was up 81.3% on a year-over-year basis. equities research analysts anticipate that Lendingtree Inc will post 3.06 earnings per share for the current year.
Several research firms have recently weighed in on TREE. Needham & Company LLC upped their price objective on Lendingtree from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Oppenheimer upped their price objective on Lendingtree to $340.00 and gave the stock an “outperform” rating in a research report on Friday, December 1st. Stephens reaffirmed an “overweight” rating and set a $375.00 price objective (up from $300.00) on shares of Lendingtree in a research report on Monday, December 18th. Northland Securities reaffirmed a “buy” rating and set a $280.00 price objective on shares of Lendingtree in a research report on Thursday, October 26th. Finally, Zacks Investment Research raised 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $278.08.
In other Lendingtree news, Director Steven Ozonian sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $265.08, for a total value of $530,160.00. Following the sale, the director now owns 9,379 shares in the company, valued at $2,486,185.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Douglas R. Lebda sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $350.36, for a total value of $1,401,440.00. Following the completion of the sale, the chief executive officer now owns 536,878 shares in the company, valued at approximately $188,100,576.08. The disclosure for this sale can be found here. Insiders have sold 125,374 shares of company stock worth $37,115,606 in the last quarter. 21.90% of the stock is currently owned by corporate insiders.
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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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