LendingTree, Inc. (TREE) Director G Kennedy Thompson Buys 4,000 Shares
LendingTree, Inc. (NASDAQ:TREE) Director G Kennedy Thompson purchased 4,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was bought at an average price of $264.90 per share, for a total transaction of $1,059,600.00. Following the completion of the acquisition, the director now directly owns 9,000 shares in the company, valued at approximately $2,384,100. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
G Kennedy Thompson also recently made the following trade(s):
- On Thursday, August 31st, G Kennedy Thompson purchased 5,000 shares of LendingTree stock. The stock was bought at an average price of $230.91 per share, for a total transaction of $1,154,550.00.
Shares of LendingTree, Inc. (TREE) traded down $0.50 during mid-day trading on Monday, reaching $257.75. The company had a trading volume of 94,600 shares, compared to its average volume of 189,644. LendingTree, Inc. has a 1 year low of $87.16 and a 1 year high of $280.80. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78. The stock has a market cap of $3,084.96, a P/E ratio of 78.34, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51.
LendingTree (NASDAQ:TREE) last announced its earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share 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 firm had revenue of $171.50 million for the quarter, compared to the consensus estimate of $157.97 million. During the same period in the previous year, the business earned $0.80 EPS. The firm’s revenue for the quarter was up 81.3% on a year-over-year basis. sell-side analysts predict that LendingTree, Inc. will post 3.06 EPS for the current year.
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Hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. grew its stake in LendingTree by 61.7% during the 3rd quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock worth $128,000 after buying an additional 201 shares during the last quarter. Meeder Asset Management Inc. increased its stake in LendingTree by 2,685.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock worth $135,000 after buying an additional 752 shares in the last quarter. Aperio Group LLC purchased a new stake in LendingTree during the 3rd quarter worth approximately $201,000. SG Americas Securities LLC purchased a new stake in LendingTree during the 2nd quarter worth approximately $148,000. Finally, Amalgamated Bank purchased a new stake in LendingTree during the 3rd quarter worth approximately $217,000. Hedge funds and other institutional investors own 71.20% of the company’s stock.
A number of research analysts have recently issued reports on the company. BWS Financial downgraded LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price target on the stock. in a report on Thursday, October 12th. Zacks Investment Research upgraded LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 price target on the stock in a report on Thursday, November 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $300.00 price target (up from $250.00) on shares of LendingTree in a report on Thursday, October 26th. Northland Securities reiterated a “buy” rating and issued a $280.00 price target on shares of LendingTree in a report on Thursday, October 26th. Finally, Citigroup Inc. reiterated an “outperform” rating and issued a $290.00 price target on shares of LendingTree in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eleven have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target 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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