Insider Selling: LendingTree, Inc. (TREE) President Sells 2,000 Shares of Stock

LendingTree, Inc. (NASDAQ:TREE) President Neil Salvage sold 2,000 shares of the firm’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $283.97, for a total value of $567,940.00. Following the sale, the president now directly owns 7,025 shares of the company’s stock, valued at $1,994,889.25. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

  • On Tuesday, November 14th, Neil Salvage sold 2,000 shares of LendingTree stock. The shares were sold at an average price of $269.80, for a total value of $539,600.00.
  • 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.

LendingTree, Inc. (NASDAQ:TREE) traded up $5.35 during trading hours on Tuesday, hitting $295.45. The stock had a trading volume of 193,800 shares, compared to its average volume of 190,933. LendingTree, Inc. has a 1-year low of $96.20 and a 1-year high of $296.00. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86. The company has a market cap of $3,470.00, a price-to-earnings ratio of 88.18, a P/E/G ratio of 2.95 and a beta of 1.50.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results 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. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The business had revenue of $171.50 million for the quarter, compared to analyst estimates of $157.97 million. During the same period last year, the company earned $0.80 EPS. The firm’s revenue was up 81.3% on a year-over-year basis. sell-side analysts predict that LendingTree, Inc. will post 3.06 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This report was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this report on another website, it was illegally stolen and republished in violation of U.S. & international copyright law. The correct version of this report can be read at https://sportsperspectives.com/2017/11/21/insider-selling-lendingtree-inc-tree-president-sells-2000-shares-of-stock.html.

A number of equities research analysts recently weighed in on TREE shares. Zacks Investment Research cut LendingTree from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Oppenheimer Holdings, Inc. increased their price objective on LendingTree from $245.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. 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 research report on Friday, July 28th. Northland Securities reiterated a “buy” rating and issued a $150.00 price objective on shares of LendingTree in a research report on Tuesday, July 25th. Finally, Stephens reiterated an “overweight” rating and issued a $250.00 price objective (up from $200.00) on shares of LendingTree in a research report on Sunday, July 30th. One analyst has rated the stock with a sell rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $247.08.

Several large investors have recently bought and sold shares of TREE. Teachers Advisors LLC boosted its position in shares of LendingTree by 7.7% in the 1st 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 during the last quarter. Legal & General Group Plc boosted its position in shares of LendingTree by 2.3% in the 1st 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 during the last quarter. Vanguard Group Inc. boosted its position in shares of LendingTree by 5.8% in the 1st 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 during the last quarter. Geode Capital Management LLC boosted its position in shares of LendingTree by 6.6% in the 1st quarter. Geode Capital Management LLC now owns 58,884 shares of the financial services provider’s stock worth $7,381,000 after purchasing an additional 3,623 shares during the last quarter. Finally, BlackRock Inc. boosted its position in shares of LendingTree by 117,777.8% in the 1st quarter. BlackRock Inc. now owns 823,966 shares of the financial services provider’s stock worth $103,284,000 after purchasing an additional 823,267 shares during the last quarter. Institutional investors and hedge funds own 70.86% of the company’s stock.

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.

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

Receive News & Ratings for LendingTree Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LendingTree Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply