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

Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 8,000 shares of the business’s stock in a transaction on Wednesday, December 20th. The shares were sold at an average price of $331.10, for a total transaction of $2,648,800.00. Following the sale, the chief executive officer now owns 389,318 shares of the company’s stock, valued at $128,903,189.80. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Lendingtree Inc (NASDAQ:TREE) opened at $341.95 on Friday. Lendingtree Inc has a 1-year low of $96.20 and a 1-year high of $355.80. The company has a market cap of $4,040.07, a PE ratio of 149.98, a price-to-earnings-growth ratio of 2.99 and a beta of 1.54. 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 released its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, beating the 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 business had revenue of $171.50 million during the quarter, compared to the consensus estimate of $157.97 million. During the same quarter in the prior year, the firm earned $0.80 EPS. The business’s revenue was up 81.3% on a year-over-year basis. equities research analysts forecast that Lendingtree Inc will post 3.06 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teachers Advisors LLC raised its position in shares of Lendingtree by 7.7% during the 1st quarter. Teachers Advisors LLC now owns 11,399 shares of the financial services provider’s stock valued at $1,429,000 after buying an additional 811 shares in the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Lendingtree by 5.6% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock valued at $294,000 after buying an additional 90 shares in the last quarter. Great West Life Assurance Co. Can raised its position in shares of Lendingtree by 4.1% during the 2nd quarter. Great West Life Assurance Co. Can now owns 10,572 shares of the financial services provider’s stock valued at $1,819,000 after buying an additional 412 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Lendingtree by 3.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 31,573 shares of the financial services provider’s stock valued at $5,437,000 after buying an additional 918 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Lendingtree by 64.8% during the 2nd quarter. First Trust Advisors LP now owns 18,394 shares of the financial services provider’s stock valued at $3,167,000 after buying an additional 7,232 shares in the last quarter. 71.68% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Lendingtree from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Oppenheimer boosted their price objective on shares of Lendingtree from $245.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Stephens boosted their price objective on shares of Lendingtree from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Bank of America boosted their price objective on shares of Lendingtree from $250.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Citigroup reissued an “outperform” rating and set a $290.00 price objective on shares of Lendingtree in a research report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Lendingtree has a consensus rating of “Buy” and a consensus price target of $278.08.

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About Lendingtree

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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