Stephens Reaffirms “Overweight” Rating for Lendingtree (TREE)
Lendingtree (NASDAQ:TREE)‘s stock had its “overweight” rating restated by investment analysts at Stephens in a research report issued on Monday, MarketBeat reports. They currently have a $375.00 price target on the financial services provider’s stock, up from their previous price target of $300.00. Stephens’ price objective suggests a potential upside of 8.90% from the company’s previous close.
A number of other research analysts also recently commented on TREE. Needham & Company LLC increased their target price on shares of Lendingtree from $300.00 to $375.00 and gave the company a “buy” rating in a research report on Thursday. Guggenheim set a $360.00 price target on shares of Lendingtree and gave the stock a “buy” rating in a research note on Thursday. BidaskClub upgraded shares of Lendingtree from a “buy” rating to a “strong-buy” rating in a research note on Friday. Oppenheimer increased their price target on shares of Lendingtree from $340.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Northland Securities reiterated a “buy” rating and set a $340.00 price target on shares of Lendingtree in a research note on Thursday. One analyst has rated the stock with a sell rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $278.08.
Lendingtree (NASDAQ TREE) traded up $9.65 during midday trading on Monday, hitting $344.35. 848,900 shares of the company were exchanged, compared to its average volume of 196,442. 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 stock has a market cap of $4,120.00, a P/E ratio of 104.67, a price-to-earnings-growth ratio of 3.10 and a beta of 1.54. Lendingtree has a 1 year low of $96.20 and a 1 year high of $347.75.
In other news, CEO Douglas R. Lebda sold 8,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $320.11, for a total value of $2,560,880.00. Following the completion of the sale, the chief executive officer now owns 397,218 shares in the company, valued at approximately $127,153,453.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas R. Lebda sold 4,000 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was sold at an average price of $258.68, for a total transaction of $1,034,720.00. The disclosure for this sale can be found here. Insiders sold a total of 105,374 shares of company stock valued at $29,625,166 in the last 90 days. Company insiders own 21.90% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Jackson Square Partners LLC increased its holdings in shares of Lendingtree by 0.3% in the 3rd quarter. Jackson Square Partners LLC now owns 549,600 shares of the financial services provider’s stock valued at $134,349,000 after purchasing an additional 1,853 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Lendingtree by 45.6% in the 2nd quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock valued at $92,333,000 after purchasing an additional 167,933 shares in the last quarter. Baillie Gifford & Co. increased its holdings in Lendingtree by 3.2% during the 3rd quarter. Baillie Gifford & Co. now owns 346,828 shares of the financial services provider’s stock valued at $84,782,000 after acquiring an additional 10,657 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Lendingtree by 6.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 316,069 shares of the financial services provider’s stock valued at $54,428,000 after acquiring an additional 18,678 shares in the last quarter. Finally, Macquarie Group Ltd. increased its holdings in Lendingtree by 55.6% during the 3rd quarter. Macquarie Group Ltd. now owns 221,383 shares of the financial services provider’s stock valued at $54,117,000 after acquiring an additional 79,065 shares in the last quarter. Institutional investors and hedge funds own 72.11% of the company’s stock.
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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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