Lendingtree Inc (TREE) CEO Douglas R. Lebda Sells 8,000 Shares

Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 8,000 shares of the firm’s stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $338.81, for a total transaction of $2,710,480.00. Following the completion of the transaction, the chief executive officer now directly owns 379,327 shares in the company, valued at $128,519,780.87. The sale was disclosed in a document filed with the SEC, which is available at this link.

Lendingtree Inc (NASDAQ:TREE) traded down $2.50 during trading on Friday, reaching $340.45. 165,354 shares of the company traded hands, compared to its average volume of 241,460. Lendingtree Inc has a 12-month low of $96.20 and a 12-month high of $355.80. 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 firm has a market cap of $4,104.70, a P/E ratio of 149.32, a PEG ratio of 3.04 and a beta of 1.54.

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

A number of institutional investors have recently bought and sold shares of TREE. Vanguard Group Inc. increased its holdings in 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. Janus Henderson Group PLC acquired a new stake in Lendingtree in the 2nd quarter valued at approximately $26,693,000. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Lendingtree by 1,264.2% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 129,600 shares of the financial services provider’s stock valued at $22,317,000 after purchasing an additional 120,100 shares during the last quarter. Davidson Kempner Capital Management LP acquired a new stake in Lendingtree in the 3rd quarter valued at approximately $28,550,000. Finally, Baillie Gifford & Co. increased its holdings in Lendingtree by 39.7% in the 2nd quarter. Baillie Gifford & Co. now owns 336,171 shares of the financial services provider’s stock valued at $57,889,000 after purchasing an additional 95,471 shares during the last quarter. Hedge funds and other institutional investors own 71.68% of the company’s stock.

TREE has been the subject of a number of recent research reports. Needham & Company LLC increased their price objective on shares of Lendingtree from $300.00 to $375.00 and gave the company a “buy” rating in a report on Thursday, December 14th. Oppenheimer increased their price objective on shares of Lendingtree to $340.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Stephens reiterated an “overweight” rating and issued a $375.00 price objective (up previously from $300.00) on shares of Lendingtree in a report on Monday, December 18th. Northland Securities reiterated a “buy” rating and issued a $280.00 price objective on shares of Lendingtree in a report on Thursday, October 26th. Finally, Zacks Investment Research upgraded shares of Lendingtree from a “sell” rating to a “strong-buy” rating and set a $308.00 price objective for the company in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Lendingtree presently has a consensus rating of “Buy” and an average target price of $278.08.

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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.

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

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