Lendingtree’s (TREE) Hold Rating Reaffirmed at SunTrust Banks

SunTrust Banks reaffirmed their hold rating on shares of Lendingtree (NASDAQ:TREE) in a research note published on Thursday morning. The brokerage currently has a $360.00 target price on the financial services provider’s stock.

TREE has been the subject of a number of other research reports. Bank of America reaffirmed a buy rating and issued a $425.00 price objective on shares of Lendingtree in a research note on Tuesday, January 23rd. Needham & Company LLC reissued a buy rating and set a $300.00 price target (up from $250.00) on shares of Lendingtree in a research note on Thursday, October 26th. Oppenheimer increased their price target on Lendingtree from $340.00 to $370.00 and gave the company an outperform rating in a research note on Thursday, December 14th. Guggenheim set a $360.00 price target on Lendingtree and gave the company a buy rating in a research note on Thursday, December 14th. Finally, Northland Securities reissued a buy rating and set a $340.00 price target on shares of Lendingtree in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Buy and an average target price of $293.93.

Lendingtree (NASDAQ:TREE) opened at $341.05 on Thursday. The firm has a market capitalization of $4,443.42, a PE ratio of 112.84, a PEG ratio of 2.01 and a beta of 1.63. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86. Lendingtree has a one year low of $115.20 and a one year high of $404.40.

Lendingtree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.06). The business had revenue of $161.00 million during the quarter, compared to the consensus estimate of $150.25 million. Lendingtree had a return on equity of 16.52% and a net margin of 5.49%. The business’s revenue was up 59.7% on a year-over-year basis. During the same period last year, the company earned $0.87 EPS. research analysts forecast that Lendingtree will post 3.09 EPS for the current year.

In other news, CEO Douglas R. Lebda sold 4,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $350.36, for a total value of $1,401,440.00. Following the completion of the sale, the chief executive officer now directly owns 536,878 shares of the company’s stock, valued at approximately $188,100,576.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas R. Lebda sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $299.13, for a total value of $2,393,040.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,676 shares of company stock valued at $36,932,777. 21.90% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Lendingtree by 1.8% in the 4th quarter. BlackRock Inc. now owns 880,746 shares of the financial services provider’s stock valued at $299,851,000 after purchasing an additional 15,596 shares during the last quarter. Jackson Square Partners LLC lifted its stake 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 during the last quarter. Vanguard Group Inc. lifted 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 valued at $92,333,000 after purchasing an additional 167,933 shares during the last quarter. Baillie Gifford & Co. lifted 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 valued at $84,782,000 after purchasing an additional 10,657 shares during the last quarter. Finally, Macquarie Group Ltd. lifted its stake in shares of Lendingtree by 55.6% in the 3rd quarter. Macquarie Group Ltd. now owns 221,383 shares of the financial services provider’s stock valued at $54,117,000 after purchasing an additional 79,065 shares during the last quarter. 74.60% of the stock is 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.

Analyst Recommendations for Lendingtree (NASDAQ:TREE)

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