LendingTree, Inc. (TREE) CAO Sells $663,850.00 in Stock

LendingTree, Inc. (NASDAQ:TREE) CAO Carla Shumate sold 2,414 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $275.00, for a total transaction of $663,850.00. Following the completion of the transaction, the chief accounting officer now owns 4,841 shares of the company’s stock, valued at $1,331,275. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

LendingTree, Inc. (TREE) opened at $298.20 on Friday. LendingTree, Inc. has a 1-year low of $96.20 and a 1-year high of $304.50. 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 $3,569.10, a price-to-earnings ratio of 90.64, a PEG ratio of 3.04 and a beta of 1.51.

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

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Several equities analysts have recently commented on TREE shares. Needham & Company LLC reissued a “buy” rating and issued a $250.00 target price (up previously from $200.00) on shares of LendingTree in a report on Thursday, July 27th. Royal Bank Of Canada boosted their target price on shares of LendingTree from $160.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, July 28th. Stephens reissued an “overweight” rating and issued a $250.00 target price (up previously from $200.00) on shares of LendingTree in a report on Sunday, July 30th. Zacks Investment Research downgraded shares of LendingTree from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, Bank of America Corporation boosted their target price on shares of LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. 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’s stock. The company presently has an average rating of “Buy” and an average target price of $247.08.

Institutional investors have recently added to or reduced their stakes in the stock. Crossmark Global Holdings Inc. purchased a new stake in LendingTree during the third quarter valued at $1,060,000. First Trust Advisors LP raised its stake in LendingTree by 64.8% during the second quarter. First Trust Advisors LP now owns 18,394 shares of the financial services provider’s stock valued at $3,167,000 after purchasing an additional 7,232 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its stake in LendingTree by 5.6% during the second quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 90 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in LendingTree by 3.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 31,573 shares of the financial services provider’s stock valued at $5,437,000 after purchasing an additional 918 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in LendingTree by 4.1% during the second quarter. Great West Life Assurance Co. Can now owns 10,572 shares of the financial services provider’s stock valued at $1,819,000 after purchasing an additional 412 shares in the last quarter. 70.86% of the stock is currently owned by institutional investors.

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)

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