Insider Selling: LendingTree, Inc. (TREE) CEO Sells $2,455,680.00 in Stock

LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $306.96, for a total transaction of $2,455,680.00. Following the transaction, the chief executive officer now directly owns 403,818 shares in the company, valued at $123,955,973.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of LendingTree, Inc. (NASDAQ:TREE) opened at $315.05 on Monday. 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 stock has a market cap of $3,770.83, a price-to-earnings ratio of 95.76, a P/E/G ratio of 2.83 and a beta of 1.54. LendingTree, Inc. has a 12 month low of $96.20 and a 12 month high of $319.42.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.20. The business had revenue of $171.50 million during the quarter, compared to analyst estimates of $157.97 million. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The business’s revenue was up 81.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. analysts expect that LendingTree, Inc. will post 3.06 EPS for the current year.

Several large investors have recently modified their holdings of TREE. Invictus RG bought a new stake in shares of LendingTree in the third quarter worth $104,000. Advisor Group Inc. increased its stake in LendingTree by 61.7% during the third 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 last quarter. SG Americas Securities LLC bought a new stake in LendingTree during the second quarter valued at $148,000. Aperio Group LLC bought a new stake in LendingTree during the third quarter valued at $201,000. Finally, Seven Eight Capital LP bought a new stake in LendingTree during the second quarter valued at $207,000. Institutional investors and hedge funds own 72.11% of the company’s stock.

TREE has been the topic of a number of recent research reports. Zacks Investment Research cut shares of LendingTree from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Oppenheimer boosted their target price on shares of LendingTree from $245.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Stephens boosted their target price on shares of LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Bank of America boosted their target price on shares of LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a research report on Tuesday, October 10th. Finally, Citigroup reissued an “outperform” rating and set a $290.00 target price on shares of LendingTree in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $251.25.

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About LendingTree

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.

Insider Buying and Selling by Quarter for LendingTree (NASDAQ:TREE)

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