Neil Salvage Sells 3,893 Shares of LendingTree, Inc. (TREE) Stock
LendingTree, Inc. (NASDAQ:TREE) President Neil Salvage sold 3,893 shares of the company’s stock in a transaction dated Friday, November 3rd. The shares were sold at an average price of $269.10, for a total transaction of $1,047,606.30. Following the completion of the sale, the president now directly owns 11,025 shares of the company’s stock, valued at $2,966,827.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Neil Salvage also recently made the following trade(s):
- On Friday, October 27th, Neil Salvage sold 1,500 shares of LendingTree stock. The shares were sold at an average price of $267.08, for a total transaction of $400,620.00.
LendingTree, Inc. (NASDAQ:TREE) traded up $1.55 during trading hours on Monday, reaching $274.75. 64,517 shares of the company’s stock were exchanged, compared to its average volume of 228,831. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.86 and a current ratio of 3.86. The stock has a market capitalization of $3,269.88, a P/E ratio of 83.04, a P/E/G ratio of 2.78 and a beta of 1.51. LendingTree, Inc. has a 12 month low of $79.71 and a 12 month high of $275.00.
LendingTree (NASDAQ:TREE) last issued its earnings results on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.20. The business had revenue of $171.50 million for the quarter, compared to the consensus estimate of $157.97 million. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The business’s revenue for the quarter was up 81.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.80 EPS. research analysts anticipate that LendingTree, Inc. will post 3.06 earnings per share for the current year.
TREE has been the subject of a number of research reports. Northland Securities reaffirmed a “buy” rating and issued a $280.00 target price on shares of LendingTree in a report on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price (up from $250.00) on shares of LendingTree in a report on Thursday, October 26th. Bank of America Corporation upped their target price on shares of LendingTree from $250.00 to $285.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research raised shares of LendingTree from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Finally, Citigroup Inc. reissued an “outperform” rating and set 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 stock. LendingTree has an average rating of “Buy” and an average target price of $247.08.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its position in LendingTree by 117,777.8% in the 1st quarter. BlackRock Inc. now owns 823,966 shares of the financial services provider’s stock valued at $103,284,000 after purchasing an additional 823,267 shares during the last quarter. Vanguard Group Inc. grew its stake 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 worth $92,333,000 after purchasing an additional 167,933 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of LendingTree by 3.2% in the 3rd quarter. Baillie Gifford & Co. now owns 346,828 shares of the financial services provider’s stock worth $84,782,000 after purchasing an additional 10,657 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of LendingTree by 6.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 316,069 shares of the financial services provider’s stock worth $54,428,000 after purchasing an additional 18,678 shares during the last quarter. Finally, Emerald Advisers Inc. PA grew its stake in shares of LendingTree by 3.4% in the 2nd quarter. Emerald Advisers Inc. PA now owns 287,861 shares of the financial services provider’s stock worth $49,570,000 after purchasing an additional 9,580 shares during the last quarter. 70.55% of the stock is owned by institutional investors and hedge funds.
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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