Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 4,000 shares of the business’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $121.44, for a total value of $485,760.00. Following the transaction, the chief executive officer now directly owns 660,896 shares of the company’s stock, valued at $80,259,210.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Lendingtree Inc (NASDAQ:TREE) traded down 0.81% on Monday, hitting $123.00. The stock had a trading volume of 26,577 shares. Lendingtree Inc has a one year low of $64.07 and a one year high of $130.20. The company’s 50-day moving average is $116.77 and its 200-day moving average is $101.94. The stock has a market cap of $1.46 billion, a P/E ratio of 57.24 and a beta of 1.49.
Lendingtree (NASDAQ:TREE) last issued its earnings results on Thursday, February 23rd. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.09. The business had revenue of $100.80 million for the quarter, compared to analyst estimates of $97.13 million. Lendingtree had a return on equity of 26.82% and a net margin of 14.43%. The business’s quarterly revenue was up 28.7% on a year-over-year basis. During the same period last year, the company posted $2.69 EPS. On average, analysts anticipate that Lendingtree Inc will post $4.00 earnings per share for the current fiscal year.
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Several research analysts recently commented on TREE shares. Mizuho boosted their target price on Lendingtree from $102.00 to $122.00 and gave the stock a “buy” rating in a research note on Monday, November 21st. Needham & Company LLC reissued a “buy” rating and set a $140.00 target price on shares of Lendingtree in a research note on Sunday, December 4th. Guggenheim reissued a “buy” rating on shares of Lendingtree in a research note on Sunday, December 4th. BWS Financial reissued a “buy” rating and set a $125.00 target price (up from $110.00) on shares of Lendingtree in a research note on Wednesday, December 7th. Finally, Zacks Investment Research raised Lendingtree from a “sell” rating to a “hold” rating in a research note on Friday, December 9th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have assigned a buy rating to the stock. Lendingtree has a consensus rating of “Buy” and an average target price of $128.82.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC raised its position in shares of Lendingtree by 6.3% in the third quarter. SG Americas Securities LLC now owns 2,967 shares of the company’s stock valued at $288,000 after buying an additional 176 shares during the period. Brown Advisory Inc. purchased a new position in shares of Lendingtree during the fourth quarter valued at $321,000. BNP Paribas Arbitrage SA raised its position in shares of Lendingtree by 78.7% in the third quarter. BNP Paribas Arbitrage SA now owns 3,799 shares of the company’s stock valued at $368,000 after buying an additional 1,673 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Lendingtree by 4.0% in the fourth quarter. Thrivent Financial for Lutherans now owns 3,890 shares of the company’s stock valued at $394,000 after buying an additional 150 shares during the period. Finally, Denver Investment Advisors LLC purchased a new position in shares of Lendingtree during the fourth quarter valued at $567,000. 79.66% of the stock is currently owned by institutional investors and hedge funds.
LendingTree, Inc (LendingTree), formerly Tree.com, Inc, is engaged in operating an online loan marketplace for consumers. The Company offers a range of loan types and other credit-based offerings for its consumers. The Company operates through Lending activities segment. 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, reverse mortgage, auto loans, credit cards, personal loans, student loans and small business loans, and other related offerings.
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