LendingTree, Inc. (NASDAQ:TREE) General Counsel Heather Novitsky Sells 2,000 Shares

LendingTree, Inc. (NASDAQ:TREE) General Counsel Heather Novitsky sold 2,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $49.08, for a total transaction of $98,160.00. Following the sale, the general counsel now directly owns 564 shares in the company, valued at approximately $27,681.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

LendingTree Trading Down 2.5 %

Shares of TREE traded down $1.25 on Tuesday, hitting $48.93. 163,530 shares of the stock traded hands, compared to its average volume of 300,959. The firm has a market capitalization of $647.34 million, a P/E ratio of -4.71 and a beta of 2.10. The company has a quick ratio of 3.71, a current ratio of 3.71 and a debt-to-equity ratio of 4.80. LendingTree, Inc. has a 1 year low of $10.12 and a 1 year high of $52.76. The stock’s 50 day moving average is $39.84 and its two-hundred day moving average is $30.40.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Tuesday, February 27th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.14. The business had revenue of $134.40 million for the quarter, compared to analysts’ expectations of $135.55 million. LendingTree had a positive return on equity of 1.34% and a negative net margin of 21.07%. During the same quarter last year, the firm earned ($0.53) earnings per share. As a group, sell-side analysts predict that LendingTree, Inc. will post -0.04 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on LendingTree from $25.00 to $38.00 and gave the company an “overweight” rating in a research note on Wednesday, February 28th. Oppenheimer boosted their price objective on shares of LendingTree from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 1st. Needham & Company LLC raised their target price on shares of LendingTree from $40.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, April 30th. Keefe, Bruyette & Woods upped their price target on shares of LendingTree from $45.00 to $60.00 and gave the company an “outperform” rating in a report on Wednesday, May 1st. Finally, Susquehanna lifted their price objective on LendingTree from $15.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 28th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.50.

Hedge Funds Weigh In On LendingTree

A number of large investors have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in LendingTree by 1.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 32,280 shares of the financial services provider’s stock worth $979,000 after buying an additional 553 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of LendingTree by 78.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,995 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 1,321 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in LendingTree by 1.4% during the 3rd quarter. Qube Research & Technologies Ltd now owns 116,481 shares of the financial services provider’s stock worth $1,805,000 after purchasing an additional 1,568 shares during the period. Hsbc Holdings PLC increased its holdings in LendingTree by 8.9% in the 4th quarter. Hsbc Holdings PLC now owns 23,862 shares of the financial services provider’s stock valued at $729,000 after purchasing an additional 1,957 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its position in LendingTree by 3.3% in the first quarter. Los Angeles Capital Management LLC now owns 66,314 shares of the financial services provider’s stock valued at $2,808,000 after purchasing an additional 2,146 shares during the period. 68.26% of the stock is currently owned by hedge funds and other institutional investors.

About LendingTree

LendingTree, Inc, through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services.