Douglas R. Lebda Sells 4,000 Shares of LendingTree, Inc. (TREE) Stock

LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda sold 4,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $264.94, for a total transaction of $1,059,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

LendingTree, Inc. (NASDAQ TREE) opened at $273.20 on Friday. The stock has a market cap of $3,269.93, a PE ratio of 83.04, a P/E/G ratio of 2.78 and a beta of 1.51. LendingTree, Inc. has a 1-year low of $79.71 and a 1-year high of $275.00. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78.

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

ILLEGAL ACTIVITY NOTICE: “Douglas R. Lebda Sells 4,000 Shares of LendingTree, Inc. (TREE) Stock” was first posted by Community Financial News and is the property of of Community Financial News. If you are viewing this report on another publication, it was stolen and reposted in violation of international trademark & copyright law. The correct version of this report can be read at https://www.com-unik.info/2017/11/05/douglas-r-lebda-sells-4000-shares-of-lendingtree-inc-tree-stock.html.

TREE has been the subject of a number of research reports. Northland Securities reaffirmed a “buy” rating and issued a $280.00 target price on shares of LendingTree in a report on Thursday, October 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $300.00 target price (up from $250.00) on shares of LendingTree in a report on Thursday, October 26th. Bank of America Corporation upped their target price on shares of LendingTree from $250.00 to $285.00 and gave the company a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research raised shares of LendingTree from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Finally, Citigroup Inc. reaffirmed an “outperform” rating and issued a $290.00 target price on shares of LendingTree in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $247.08.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Group LLC raised its holdings in LendingTree by 2.4% during the second quarter. Renaissance Group LLC now owns 2,859 shares of the financial services provider’s stock worth $492,000 after purchasing an additional 68 shares in the last quarter. Prudential Financial Inc. raised its holdings in LendingTree by 0.6% during the first quarter. Prudential Financial Inc. now owns 12,575 shares of the financial services provider’s stock worth $1,576,000 after purchasing an additional 70 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in LendingTree by 1.4% during the second quarter. The Manufacturers Life Insurance Company now owns 5,059 shares of the financial services provider’s stock worth $871,000 after purchasing an additional 70 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its holdings 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 worth $294,000 after purchasing an additional 90 shares in the last quarter. Finally, Texas Permanent School Fund raised its holdings in LendingTree by 1.7% during the second quarter. Texas Permanent School Fund now owns 5,319 shares of the financial services provider’s stock worth $916,000 after purchasing an additional 90 shares in the last quarter. 72.00% of the stock is owned by hedge funds and other 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)

What are top analysts saying about LendingTree Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for LendingTree Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit