LendingTree, Inc. (TREE) CEO Sells $4,400,000.00 in Stock
LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $275.00, for a total value of $4,400,000.00. Following the transaction, the chief executive officer now owns 453,418 shares in the company, valued at approximately $124,689,950. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Shares of LendingTree, Inc. (NASDAQ:TREE) opened at $258.25 on Friday. The company has a market capitalization of $3,202.25, a P/E ratio of 81.32, a PEG ratio of 2.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.86 and a current ratio of 3.86. LendingTree, Inc. has a 52 week low of $87.16 and a 52 week high of $280.80.
LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, topping the Thomson Reuters’ 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 previous year, the company earned $0.80 EPS. The company’s quarterly revenue was up 81.3% on a year-over-year basis. research analysts expect that LendingTree, Inc. will post 3.06 earnings per share for the current fiscal year.
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A number of hedge funds have recently bought and sold shares of the stock. Amalgamated Bank purchased a new stake in LendingTree in the 3rd quarter valued at approximately $217,000. Legal & General Group Plc lifted its stake in LendingTree by 11.2% in the 3rd quarter. Legal & General Group Plc now owns 14,442 shares of the financial services provider’s stock valued at $3,530,000 after buying an additional 1,450 shares in the last quarter. American International Group Inc. lifted its stake in LendingTree by 6.2% in the 3rd quarter. American International Group Inc. now owns 5,189 shares of the financial services provider’s stock valued at $1,268,000 after buying an additional 301 shares in the last quarter. Macquarie Group Ltd. lifted its stake in LendingTree by 55.6% in the 3rd quarter. Macquarie Group Ltd. now owns 221,383 shares of the financial services provider’s stock valued at $54,117,000 after buying an additional 79,065 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in LendingTree by 7.4% in the 3rd quarter. Ameriprise Financial Inc. now owns 140,699 shares of the financial services provider’s stock valued at $34,393,000 after buying an additional 9,658 shares in the last quarter. 70.55% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on TREE shares. Needham & Company LLC reiterated 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 LendingTree from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Bank of America Corporation boosted their target price on 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 LendingTree from a “buy” rating to a “sell” rating and set a $194.00 target price on the stock. in a research report on Thursday, October 12th. Finally, Citigroup Inc. reiterated an “outperform” rating and set a $290.00 target price on shares of LendingTree in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. LendingTree has an average rating of “Buy” and an average target price of $247.08.
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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