LendingTree, Inc. (NASDAQ:TREE) Director G Kennedy Thompson bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were bought at an average price of $230.91 per share, with a total value of $1,154,550.00. Following the transaction, the director now directly owns 5,000 shares in the company, valued at $1,154,550. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

LendingTree, Inc. (TREE) traded up 2.14% during midday trading on Friday, reaching $235.90. The company had a trading volume of 174,144 shares. The firm has a 50-day moving average of $212.99 and a 200-day moving average of $160.00. LendingTree, Inc. has a 12 month low of $75.05 and a 12 month high of $236.35. The stock has a market cap of $2.83 billion, a P/E ratio of 110.13 and a beta of 1.58.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.90 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.17. LendingTree had a return on equity of 17.01% and a net margin of 5.85%. The company had revenue of $152.80 million during the quarter, compared to analysts’ expectations of $135.48 million. During the same period in the prior year, the company earned $0.92 EPS. LendingTree’s revenue was up 62.0% compared to the same quarter last year. On average, equities analysts expect that LendingTree, Inc. will post $3.82 EPS for the current fiscal year.

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Several research firms recently commented on TREE. Zacks Investment Research downgraded LendingTree from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada raised their target price on LendingTree from $160.00 to $250.00 and gave the stock an “outperform” rating in a research report on Friday, July 28th. Stephens restated an “overweight” rating and set a $250.00 target price (up previously from $200.00) on shares of LendingTree in a research report on Sunday, July 30th. Northland Securities reaffirmed a “buy” rating and set a $150.00 price target on shares of LendingTree in a report on Tuesday, July 25th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $250.00 price target (up from $200.00) on shares of LendingTree in a report on Thursday, July 27th. One research analyst has rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $183.00.

Hedge funds have recently bought and sold shares of the stock. Teachers Advisors LLC increased its stake in shares of LendingTree by 10.9% in the fourth quarter. Teachers Advisors LLC now owns 10,588 shares of the financial services provider’s stock worth $1,073,000 after buying an additional 1,040 shares during the last quarter. State of Alaska Department of Revenue boosted its position in LendingTree by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 800 shares of the financial services provider’s stock worth $100,000 after buying an additional 20 shares during the period. Russell Investments Group Ltd. boosted its position in LendingTree by 6.5% in the first quarter. Russell Investments Group Ltd. now owns 108,079 shares of the financial services provider’s stock worth $13,548,000 after buying an additional 6,590 shares during the period. Kornitzer Capital Management Inc. KS bought a new position in LendingTree during the first quarter worth about $1,203,000. Finally, Great West Life Assurance Co. Can boosted its position in LendingTree by 4.9% in the first quarter. Great West Life Assurance Co. Can now owns 10,160 shares of the financial services provider’s stock worth $1,273,000 after buying an additional 471 shares during the period. Institutional investors and hedge funds own 71.69% of the company’s stock.

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.

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

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