Douglas R. Lebda Sells 8,000 Shares of LendingTree, Inc. (TREE) 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 13th. The stock was sold at an average price of $320.11, for a total value of $2,560,880.00. Following the completion of the transaction, the chief executive officer now owns 397,218 shares in the company, valued at approximately $127,153,453.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
LendingTree, Inc. (NASDAQ TREE) traded up $9.10 during trading hours on Friday, hitting $334.70. 406,200 shares of the company were exchanged, compared to its average volume of 193,735. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86. The company has a market cap of $4,010.00, a PE ratio of 98.97, a PEG ratio of 2.93 and a beta of 1.54. LendingTree, Inc. has a 52 week low of $96.20 and a 52 week high of $340.05.
LendingTree (NASDAQ:TREE) last posted its quarterly earnings results 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 company 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%. LendingTree’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 EPS. sell-side analysts anticipate that LendingTree, Inc. will post 3.06 EPS for the current year.
TREE has been the topic of a number of research analyst reports. Zacks Investment Research downgraded LendingTree from a “hold” rating to a “sell” rating in a research note on Thursday, October 26th. Oppenheimer boosted their target price on LendingTree from $245.00 to $290.00 and gave the stock an “outperform” rating in a research note on Friday, October 27th. Stephens boosted their target price 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 boosted their target price 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 restated an “outperform” rating and issued a $290.00 target price on shares of LendingTree in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, eleven have issued a buy rating and two have issued a strong buy rating to the company’s stock. LendingTree currently has an average rating of “Buy” and an average target price of $272.31.
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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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