LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda sold 12,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $272.31, for a total transaction of $3,267,720.00. Following the completion of the transaction, the chief executive officer now owns 432,715 shares in the company, valued at approximately $117,832,621.65. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.
LendingTree, Inc. (TREE) traded up $7.70 during midday trading on Friday, hitting $279.40. 268,800 shares of the company traded hands, compared to its average volume of 190,283. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78. The company has a market cap of $3,251.92, a P/E ratio of 82.58, a P/E/G ratio of 2.77 and a beta of 1.51. LendingTree, Inc. has a fifty-two week low of $92.85 and a fifty-two week high of $281.80.
LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.20. The business had revenue of $171.50 million during 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%. LendingTree’s quarterly revenue was up 81.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 EPS. sell-side analysts anticipate that LendingTree, Inc. will post 3.06 earnings per share for the current fiscal year.
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A number of institutional investors have recently modified their holdings of TREE. Invictus RG bought a new stake in LendingTree in the 3rd quarter valued at $104,000. Advisor Group Inc. boosted its holdings in LendingTree by 61.7% in the 3rd quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 201 shares during the period. Meeder Asset Management Inc. boosted its holdings in LendingTree by 2,685.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock valued at $135,000 after purchasing an additional 752 shares during the period. SG Americas Securities LLC bought a new stake in LendingTree in the 2nd quarter valued at $148,000. Finally, Aperio Group LLC bought a new stake in LendingTree in the 3rd quarter valued at $201,000. 71.20% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have weighed in on the stock. Stephens reiterated an “overweight” rating and issued a $250.00 price objective (up previously from $200.00) on shares of LendingTree in a research note on Sunday, July 30th. Royal Bank Of Canada increased their price target on shares of LendingTree from $160.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, July 28th. Needham & Company LLC restated a “buy” rating and set a $250.00 price target (up previously from $200.00) on shares of LendingTree in a research note on Thursday, July 27th. Northland Securities restated a “buy” rating and set a $150.00 price target on shares of LendingTree in a research note on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. increased their price target on shares of LendingTree from $245.00 to $290.00 and gave the stock an “outperform” rating in a research note 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 company. The company currently has an average rating of “Buy” and an average target price of $247.08.
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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