Insider Selling: Lendingtree Inc (TREE) CEO Sells 4,000 Shares of Stock

Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 4,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $350.36, for a total value of $1,401,440.00. Following the completion of the sale, the chief executive officer now owns 536,878 shares of the company’s stock, valued at $188,100,576.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Shares of Lendingtree Inc (NASDAQ TREE) traded up $1.75 during trading hours on Friday, hitting $352.10. The stock had a trading volume of 142,600 shares, compared to its average volume of 197,367. Lendingtree Inc has a one year low of $99.43 and a one year high of $365.00. The firm has a market cap of $4,193.27, a P/E ratio of 154.43, a PEG ratio of 2.08 and a beta of 1.54. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86.

Lendingtree (NASDAQ:TREE) last announced its quarterly earnings data on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.20. Lendingtree had a return on equity of 16.52% and a net margin of 5.49%. The company 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 company’s quarterly revenue was up 81.3% compared to the same quarter last year. research analysts expect that Lendingtree Inc will post 3.06 earnings per share for the current fiscal year.

A number of equities research analysts have weighed in on TREE shares. Needham & Company LLC restated a “buy” rating and issued a $300.00 target price (up from $250.00) on shares of Lendingtree in a research report on Thursday, October 26th. Zacks Investment Research upgraded Lendingtree from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Bank of America increased their price objective on Lendingtree from $250.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. BWS Financial downgraded Lendingtree from a “buy” rating to a “sell” rating and set a $194.00 price objective for the company. in a research report on Thursday, October 12th. Finally, Oppenheimer increased their price objective on Lendingtree from $340.00 to $370.00 and gave the company an “outperform” rating in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. Lendingtree has a consensus rating of “Buy” and a consensus target price of $278.08.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TREE. Schwab Charles Investment Management Inc. lifted its holdings in shares of Lendingtree by 3.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 31,573 shares of the financial services provider’s stock valued at $5,437,000 after purchasing an additional 918 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Lendingtree in the second quarter valued at $148,000. Bank of New York Mellon Corp lifted its holdings in shares of Lendingtree by 20.0% in the second quarter. Bank of New York Mellon Corp now owns 104,227 shares of the financial services provider’s stock valued at $17,948,000 after purchasing an additional 17,338 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Lendingtree by 10.6% in the second quarter. Legal & General Group Plc now owns 12,992 shares of the financial services provider’s stock valued at $2,239,000 after purchasing an additional 1,240 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Lendingtree by 147.3% in the second quarter. BNP Paribas Arbitrage SA now owns 3,312 shares of the financial services provider’s stock valued at $570,000 after purchasing an additional 1,973 shares in the last quarter. Institutional investors own 71.68% of the company’s stock.

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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)

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