Shares of Lendingtree Inc (NASDAQ:TREE) have received an average recommendation of “Hold” from the nineteen ratings firms that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and nine have given a buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $331.08.

Several brokerages have issued reports on TREE. BidaskClub lowered Lendingtree from a “hold” rating to a “sell” rating in a research note on Thursday. ValuEngine lowered Lendingtree from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Zacks Investment Research lowered Lendingtree from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Northland Securities lowered Lendingtree from an “outperform” rating to a “market perform” rating in a research note on Friday, July 27th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Lendingtree in a research note on Friday, July 27th.

In other Lendingtree news, Director Gci Liberty, Inc. purchased 220,000 shares of Lendingtree stock in a transaction that occurred on Friday, July 6th. The shares were bought at an average price of $213.99 per share, for a total transaction of $47,077,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Peter Horan sold 1,000 shares of the business’s stock in a transaction dated Tuesday, August 7th. The shares were sold at an average price of $244.51, for a total value of $244,510.00. Following the transaction, the director now owns 24,015 shares in the company, valued at approximately $5,871,907.65. The disclosure for this sale can be found here. In the last three months, insiders sold 281,432 shares of company stock valued at $70,338,681. 20.50% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the stock. Retirement Systems of Alabama increased its holdings in Lendingtree by 2.1% during the 2nd quarter. Retirement Systems of Alabama now owns 10,190 shares of the financial services provider’s stock valued at $2,179,000 after purchasing an additional 214 shares during the period. Legal & General Group Plc increased its holdings in Lendingtree by 3.5% during the 2nd quarter. Legal & General Group Plc now owns 7,507 shares of the financial services provider’s stock valued at $1,605,000 after purchasing an additional 254 shares during the period. Arizona State Retirement System grew its holdings in shares of Lendingtree by 5.1% during the 2nd quarter. Arizona State Retirement System now owns 5,464 shares of the financial services provider’s stock worth $1,168,000 after acquiring an additional 264 shares during the period. Polen Capital Management LLC grew its holdings in shares of Lendingtree by 42.5% during the 1st quarter. Polen Capital Management LLC now owns 949 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 283 shares during the period. Finally, Xact Kapitalforvaltning AB grew its holdings in shares of Lendingtree by 43.7% during the 1st quarter. Xact Kapitalforvaltning AB now owns 986 shares of the financial services provider’s stock worth $324,000 after acquiring an additional 300 shares during the period. Institutional investors own 77.65% of the company’s stock.

TREE stock traded down $2.35 during mid-day trading on Tuesday, hitting $245.80. 126,239 shares of the stock were exchanged, compared to its average volume of 239,986. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.70. Lendingtree has a 12 month low of $205.45 and a 12 month high of $404.40. The firm has a market cap of $3.18 billion, a P/E ratio of 88.31, a price-to-earnings-growth ratio of 1.64 and a beta of 1.78.

Lendingtree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, July 26th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.69. Lendingtree had a return on equity of 12.09% and a net margin of 10.82%. The firm had revenue of $184.10 million during the quarter, compared to analyst estimates of $194.88 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue was up 20.5% compared to the same quarter last year. research analysts expect that Lendingtree will post 3.62 EPS for the current fiscal year.

About Lendingtree

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

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Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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