Insider Selling: LendingTree, Inc. (TREE) CEO Sells 8,000 Shares of Stock

LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda sold 8,000 shares of the stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $179.26, for a total transaction of $1,434,080.00. Following the sale, the chief executive officer now owns 509,506 shares of the company’s stock, valued at approximately $91,334,045.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Shares of LendingTree, Inc. (NASDAQ:TREE) traded up 0.45% during midday trading on Thursday, reaching $179.65. 101,652 shares of the company’s stock were exchanged. LendingTree, Inc. has a 12 month low of $73.65 and a 12 month high of $180.23. The stock has a market cap of $2.15 billion, a PE ratio of 81.22 and a beta of 1.65. The company’s 50 day moving average is $158.45 and its 200-day moving average is $125.66.

LendingTree (NASDAQ:TREE) last released its quarterly earnings data on Thursday, April 27th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.27. LendingTree had a return on equity of 18.12% and a net margin of 6.79%. The company had revenue of $132.50 million during the quarter, compared to the consensus estimate of $124.99 million. During the same quarter in the prior year, the firm posted $0.76 earnings per share. The firm’s revenue was up 39.9% compared to the same quarter last year. Equities analysts forecast that LendingTree, Inc. will post $3.83 EPS for the current fiscal year.

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

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in TREE. State of Alaska Department of Revenue increased its position in LendingTree by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 800 shares of the financial services provider’s stock valued at $100,000 after buying an additional 20 shares in the last quarter. Capital Impact Advisors LLC increased its position in LendingTree by 35.6% in the first quarter. Capital Impact Advisors LLC now owns 13,497 shares of the financial services provider’s stock valued at $1,692,000 after buying an additional 3,547 shares in the last quarter. Campbell Newman Asset Management Inc. increased its position in LendingTree by 13.7% in the first quarter. Campbell Newman Asset Management Inc. now owns 2,980 shares of the financial services provider’s stock valued at $374,000 after buying an additional 360 shares in the last quarter. Macquarie Group Ltd. increased its position in LendingTree by 67.4% in the fourth quarter. Macquarie Group Ltd. now owns 275,579 shares of the financial services provider’s stock valued at $27,930,000 after buying an additional 110,986 shares in the last quarter. Finally, Teachers Advisors LLC increased its position in LendingTree by 10.9% in the fourth quarter. Teachers Advisors LLC now owns 10,588 shares of the financial services provider’s stock valued at $1,073,000 after buying an additional 1,040 shares in the last quarter. 76.75% of the stock is owned by institutional investors.

A number of equities research analysts recently issued reports on TREE shares. Zacks Investment Research cut shares of LendingTree from a “hold” rating to a “sell” rating in a research report on Thursday, March 2nd. BWS Financial increased their target price on shares of LendingTree from $150.00 to $185.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $140.00 target price (up previously from $129.00) on shares of LendingTree in a research report on Monday, February 27th. Mizuho reiterated a “buy” rating and set a $135.00 target price on shares of LendingTree in a research report on Tuesday, March 28th. Finally, CIBC increased their target price on shares of LendingTree from $140.00 to $160.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating and twelve have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $157.91.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:TREE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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