Neil Salvage Sells 2,000 Shares of LendingTree, Inc. (TREE) Stock

LendingTree, Inc. (NASDAQ:TREE) President Neil Salvage sold 2,000 shares of the stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $269.80, for a total value of $539,600.00. Following the completion of the transaction, the president now directly owns 8,025 shares in the company, valued at $2,165,145. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Friday, November 3rd, Neil Salvage sold 3,893 shares of LendingTree stock. The shares were sold at an average price of $269.10, for a total value of $1,047,606.30.
  • 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 value of $400,620.00.

Shares of LendingTree, Inc. (NASDAQ:TREE) opened at $290.10 on Friday. LendingTree, Inc. has a one year low of $94.00 and a one year high of $292.40. 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 company has a market capitalization of $3,340.00, a PE ratio of 81.69, a PEG ratio of 2.74 and a beta of 1.50.

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

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A number of brokerages have recently weighed in on TREE. Zacks Investment Research raised LendingTree from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Royal Bank Of Canada increased their price objective on LendingTree from $160.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, July 28th. Northland Securities reissued a “buy” rating and issued a $150.00 price objective on shares of LendingTree in a report on Tuesday, July 25th. Needham & Company LLC reissued a “buy” rating and issued a $300.00 price objective (up from $250.00) on shares of LendingTree in a report on Thursday, October 26th. Finally, Stephens reissued an “overweight” rating and issued a $250.00 price objective (up from $200.00) on shares of LendingTree in a report on Sunday, July 30th. One analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $247.08.

A number of hedge funds have recently modified their holdings of TREE. OppenheimerFunds Inc. boosted its position in LendingTree by 17.3% during the first quarter. OppenheimerFunds Inc. now owns 2,559 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 378 shares in the last quarter. Teachers Advisors LLC boosted its position in LendingTree by 7.7% during the first quarter. Teachers Advisors LLC now owns 11,399 shares of the financial services provider’s stock worth $1,429,000 after purchasing an additional 811 shares in the last quarter. Legal & General Group Plc boosted its position in LendingTree by 2.3% during the first quarter. Legal & General Group Plc now owns 11,752 shares of the financial services provider’s stock worth $1,473,000 after purchasing an additional 262 shares in the last quarter. Thrivent Financial For Lutherans boosted its position in LendingTree by 4.4% during the first quarter. Thrivent Financial For Lutherans now owns 4,060 shares of the financial services provider’s stock worth $509,000 after purchasing an additional 170 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in LendingTree by 5.8% during the first quarter. Vanguard Group Inc. now owns 368,264 shares of the financial services provider’s stock worth $46,161,000 after purchasing an additional 20,330 shares in the last quarter. Institutional investors own 71.20% of the company’s stock.

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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