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.
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.
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