Insider Selling: Lendingtree Inc (TREE) President Sells 5,750 Shares of Stock

Lendingtree Inc (NASDAQ:TREE) President Neil Salvage sold 5,750 shares of the company’s stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $149.52, for a total value of $859,740.00. Following the completion of the sale, the president now directly owns 17,407 shares of the company’s stock, valued at $2,602,694.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Neil Salvage also recently made the following trade(s):

  • On Friday, May 5th, Neil Salvage sold 3,000 shares of Lendingtree stock. The stock was sold at an average price of $146.50, for a total value of $439,500.00.
  • On Tuesday, March 7th, Neil Salvage sold 698 shares of Lendingtree stock. The shares were sold at an average price of $118.62, for a total value of $82,796.76.

Lendingtree Inc (NASDAQ:TREE) traded up 2.80% during mid-day trading on Friday, reaching $157.65. The company had a trading volume of 160,949 shares. The stock has a 50 day moving average price of $134.37 and a 200-day moving average price of $114.00. Lendingtree Inc has a 12-month low of $67.47 and a 12-month high of $159.75. The stock has a market capitalization of $1.88 billion, a P/E ratio of 71.27 and a beta of 1.49.

Lendingtree (NASDAQ:TREE) last released its earnings results on Thursday, April 27th. The financial services provider reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.69 by $0.27. The company had revenue of $132.50 million during the quarter, compared to analysts’ expectations of $124.99 million. Lendingtree had a return on equity of 26.82% and a net margin of 14.43%. The firm’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.76 EPS. Equities analysts anticipate that Lendingtree Inc will post $3.79 EPS for the current fiscal year.

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

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its position in Lendingtree by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 800 shares of the financial services provider’s stock worth $100,000 after buying an additional 20 shares during the period. BNP Paribas Arbitrage SA raised its position in Lendingtree by 14.3% in the first quarter. BNP Paribas Arbitrage SA now owns 1,339 shares of the financial services provider’s stock worth $168,000 after buying an additional 168 shares during the period. Invictus RG bought a new position in Lendingtree during the first quarter worth $179,000. LS Investment Advisors LLC raised its position in Lendingtree by 482.9% in the first quarter. LS Investment Advisors LLC now owns 1,533 shares of the financial services provider’s stock worth $192,000 after buying an additional 1,270 shares during the period. Finally, Mason Street Advisors LLC raised its position in Lendingtree by 7.4% in the first quarter. Mason Street Advisors LLC now owns 1,689 shares of the financial services provider’s stock worth $212,000 after buying an additional 117 shares during the period. 79.66% of the stock is owned by institutional investors.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded Lendingtree from a “hold” rating to a “sell” rating in a report on Tuesday, May 2nd. CIBC increased their price objective on Lendingtree from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 2nd. Royal Bank of Canada increased their price objective on Lendingtree from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. BWS Financial increased their price objective on Lendingtree from $150.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Finally, Needham & Company LLC increased their price objective on Lendingtree from $140.00 to $170.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. One investment analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $144.26.

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.

5 Day Chart for NASDAQ:TREE

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