Lendingtree Inc (NASDAQ:TREE) Director Steven Ozonian sold 975 shares of Lendingtree stock in a transaction dated Friday, November 2nd. The shares were sold at an average price of $247.83, for a total transaction of $241,634.25. Following the completion of the transaction, the director now directly owns 7,344 shares of the company’s stock, valued at approximately $1,820,063.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of TREE stock opened at $264.33 on Thursday. The stock has a market cap of $3.28 billion, a P/E ratio of 87.53, a P/E/G ratio of 1.96 and a beta of 2.10. The company has a quick ratio of 3.59, a current ratio of 3.33 and a debt-to-equity ratio of 0.66. Lendingtree Inc has a 52 week low of $183.25 and a 52 week high of $404.40.

Lendingtree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, November 1st. The financial services provider reported $1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.61. The firm had revenue of $197.10 million during the quarter, compared to the consensus estimate of $199.28 million. Lendingtree had a net margin of 12.73% and a return on equity of 12.86%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 EPS. On average, research analysts forecast that Lendingtree Inc will post 3.68 EPS for the current year.

Several analysts recently commented on TREE shares. Deutsche Bank reduced their target price on shares of Lendingtree from $290.00 to $270.00 and set a “hold” rating for the company in a report on Thursday, August 16th. Zacks Investment Research downgraded shares of Lendingtree from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 1st. ValuEngine downgraded shares of Lendingtree from a “hold” rating to a “sell” rating in a report on Monday, July 30th. BidaskClub raised shares of Lendingtree from a “sell” rating to a “hold” rating in a report on Saturday, July 14th. Finally, SunTrust Banks reduced their target price on shares of Lendingtree from $310.00 to $280.00 and set a “hold” rating for the company in a report on Thursday, July 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $330.13.

A number of hedge funds and other institutional investors have recently bought and sold shares of TREE. Xact Kapitalforvaltning AB boosted its holdings in Lendingtree by 43.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 986 shares of the financial services provider’s stock valued at $324,000 after purchasing an additional 300 shares during the period. Allianz Asset Management GmbH boosted its holdings in Lendingtree by 38.1% in the 1st quarter. Allianz Asset Management GmbH now owns 301,365 shares of the financial services provider’s stock valued at $98,893,000 after purchasing an additional 83,215 shares during the period. Empowered Funds LLC boosted its holdings in Lendingtree by 83.3% in the 2nd quarter. Empowered Funds LLC now owns 6,036 shares of the financial services provider’s stock valued at $1,268,000 after purchasing an additional 2,743 shares during the period. Bank of Montreal Can boosted its holdings in Lendingtree by 16.1% in the 2nd quarter. Bank of Montreal Can now owns 7,485 shares of the financial services provider’s stock valued at $1,600,000 after purchasing an additional 1,036 shares during the period. Finally, Scout Investments Inc. boosted its holdings in Lendingtree by 38.7% in the 2nd quarter. Scout Investments Inc. now owns 134,930 shares of the financial services provider’s stock valued at $28,848,000 after purchasing an additional 37,656 shares during the period. 84.72% of the stock is owned by hedge funds and other institutional investors.

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Lendingtree Company Profile

LendingTree, Inc engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It provides mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans, and small business loans. The company was founded Douglas Lebda in April 2008 and is headquartered in Charlotte, NC.

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

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