LendingTree, Inc. (NASDAQ:TREE) shares reached a new 52-week high during trading on Wednesday . The company traded as high as $325.60 and last traded at $312.65, with a volume of 171200 shares traded. The stock had previously closed at $308.90.

A number of research analysts have commented on the company. Oppenheimer upped their price target on LendingTree from $340.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday. BWS Financial cut LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price target on the stock. in a research note on Thursday, October 12th. BidaskClub upgraded LendingTree from a “buy” rating to a “strong-buy” rating in a research note on Friday. 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 research note on Thursday, November 2nd. Finally, Northland Securities restated a “buy” rating and set a $340.00 price target on shares of LendingTree in a research note on Thursday. One research analyst has rated the stock with a sell rating, eleven have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $272.31.

The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78. The firm has a market capitalization of $3,897.04, a PE ratio of 98.97, a price-to-earnings-growth ratio of 2.93 and a beta of 1.54.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the company earned $0.80 earnings per share. The company’s revenue was up 81.3% on a year-over-year basis. equities analysts forecast that LendingTree, Inc. will post 3.06 EPS for the current year.

In other news, CEO Douglas R. Lebda sold 12,000 shares of the company’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $272.31, for a total transaction of $3,267,720.00. Following the sale, the chief executive officer now owns 432,715 shares of the company’s stock, valued at $117,832,621.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Douglas R. Lebda sold 16,000 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 453,418 shares in the company, valued at approximately $124,689,950. The disclosure for this sale can be found here. Insiders have sold 97,374 shares of company stock worth $27,064,286 in the last ninety days. Corporate insiders own 21.90% of the company’s stock.

Several institutional investors have recently bought and sold shares of TREE. Teachers Advisors LLC increased its position in shares of LendingTree by 7.7% during the first quarter. Teachers Advisors LLC now owns 11,399 shares of the financial services provider’s stock worth $1,429,000 after acquiring an additional 811 shares during the period. Municipal Employees Retirement System of Michigan increased its position in shares of LendingTree by 5.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 90 shares during the period. Great West Life Assurance Co. Can increased its position in shares of LendingTree by 4.1% during the second quarter. Great West Life Assurance Co. Can now owns 10,572 shares of the financial services provider’s stock worth $1,819,000 after acquiring an additional 412 shares during the period. Texas Permanent School Fund increased its position in shares of LendingTree by 1.7% during the second quarter. Texas Permanent School Fund now owns 5,319 shares of the financial services provider’s stock worth $916,000 after acquiring an additional 90 shares during the period. Finally, Global X Management Co. LLC increased its holdings in LendingTree by 299.3% in the second quarter. Global X Management Co. LLC now owns 1,813 shares of the financial services provider’s stock valued at $312,000 after buying an additional 1,359 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors and hedge funds.

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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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