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 company’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $338.81, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Lendingtree Inc (TREE) opened at $340.25 on Wednesday. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78. Lendingtree Inc has a 12 month low of $96.20 and a 12 month high of $355.80. The firm has a market cap of $4,070.00, a P/E ratio of 134.49, a price-to-earnings-growth ratio of 3.01 and a beta of 1.54.

Lendingtree (NASDAQ:TREE) last released its quarterly earnings results on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.20. The firm had revenue of $171.50 million for the quarter, compared to analyst estimates of $157.97 million. Lendingtree had a net margin of 5.49% and a return on equity of 16.52%. The business’s revenue for the quarter was up 81.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.80 EPS. sell-side analysts predict that Lendingtree Inc will post 3.06 earnings per share for the current fiscal year.

TREE has been the topic of several analyst reports. Zacks Investment Research downgraded Lendingtree from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Oppenheimer increased their price target on Lendingtree from $245.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, October 27th. Stephens raised their target price on 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 raised their target price on Lendingtree from $250.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. Finally, Citigroup restated an “outperform” rating and set a $290.00 target price on shares of Lendingtree in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $278.08.

Several hedge funds have recently added to or reduced their stakes in TREE. Vanguard Group Inc. raised its position in shares of Lendingtree by 45.6% during the 2nd quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock valued at $92,333,000 after buying an additional 167,933 shares during the period. Janus Henderson Group PLC acquired a new stake in Lendingtree in the 2nd quarter valued at approximately $26,693,000. Davidson Kempner Capital Management LP acquired a new stake in Lendingtree in the 3rd quarter valued at approximately $28,550,000. Baillie Gifford & Co. grew its stake in shares of Lendingtree by 39.7% in the second quarter. Baillie Gifford & Co. now owns 336,171 shares of the financial services provider’s stock worth $57,889,000 after acquiring an additional 95,471 shares in the last quarter. Finally, Macquarie Group Ltd. grew its stake in shares of Lendingtree by 55.6% in the third quarter. Macquarie Group Ltd. now owns 221,383 shares of the financial services provider’s stock worth $54,117,000 after acquiring an additional 79,065 shares in the last quarter. 71.68% of the stock is currently owned by hedge funds and other institutional investors.

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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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