Lendingtree Inc (TREE) CEO Douglas R. Lebda Sells 4,000 Shares of Stock
Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 4,000 shares of Lendingtree stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $350.36, for a total transaction of $1,401,440.00. Following the transaction, the chief executive officer now owns 536,878 shares of the company’s stock, valued at approximately $188,100,576.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Lendingtree Inc (NASDAQ TREE) opened at $356.05 on Friday. 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 firm has a market cap of $4,214.21, a P/E ratio of 156.16, a PEG ratio of 2.09 and a beta of 1.54. Lendingtree Inc has a 52-week low of $99.43 and a 52-week high of $365.00.
Lendingtree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.20. The business had revenue of $171.50 million during the quarter, compared to analyst estimates 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 business posted $0.80 earnings per share. analysts forecast that Lendingtree Inc will post 3.06 EPS for the current year.
Several large investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company raised its position in shares of Lendingtree by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 5,059 shares of the financial services provider’s stock valued at $871,000 after buying an additional 70 shares during the last quarter. Teachers Advisors LLC grew its holdings in Lendingtree by 1.4% in the second quarter. Teachers Advisors LLC now owns 11,557 shares of the financial services provider’s stock valued at $1,990,000 after purchasing an additional 158 shares during the period. New York State Teachers Retirement System grew its holdings in Lendingtree by 1.0% in the third quarter. New York State Teachers Retirement System now owns 19,657 shares of the financial services provider’s stock valued at $4,805,000 after purchasing an additional 200 shares during the period. Advisor Group Inc. grew its holdings in Lendingtree by 61.7% in the third quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 201 shares during the period. Finally, Northern Trust Corp grew its holdings in Lendingtree by 0.3% in the second quarter. Northern Trust Corp now owns 90,140 shares of the financial services provider’s stock valued at $15,521,000 after purchasing an additional 238 shares during the period. 71.68% of the stock is owned by institutional investors and hedge funds.
TREE has been the subject of a number of research reports. Needham & Company LLC restated a “buy” rating and set a $300.00 target price (up previously from $250.00) on shares of Lendingtree in a research report on Thursday, October 26th. Zacks Investment Research upgraded shares of Lendingtree from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Bank of America lifted their target price on shares of Lendingtree from $250.00 to $285.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. BWS Financial cut shares of Lendingtree from a “buy” rating to a “sell” rating and set a $194.00 target price for the company. in a research report on Thursday, October 12th. Finally, Oppenheimer lifted their target price on shares of Lendingtree from $340.00 to $370.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. One analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Lendingtree presently has a consensus rating of “Buy” and a consensus price target of $278.08.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/lendingtree-inc-tree-ceo-douglas-r-lebda-sells-4000-shares-of-stock/1797504.html.
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.
Receive News & Ratings for Lendingtree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lendingtree and related companies with Analyst Ratings Network's FREE daily email newsletter.