Lendingtree Inc (TREE) CEO Sells $4,787,260.00 in Stock

Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 14,750 shares of the stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $324.56, for a total value of $4,787,260.00. Following the sale, the chief executive officer now directly owns 532,076 shares in the company, valued at $172,690,586.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of Lendingtree stock opened at $322.80 on Friday. The stock has a market capitalization of $4,014.11, a P/E ratio of 106.89, a P/E/G ratio of 1.96 and a beta of 1.73. Lendingtree Inc has a twelve month low of $116.70 and a twelve month high of $404.40. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.97 and a current ratio of 2.97.

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Lendingtree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.84 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.06). The company had revenue of $161.00 million during the quarter, compared to analysts’ expectations of $150.25 million. Lendingtree had a net margin of 2.52% and a return on equity of 14.67%. The company’s quarterly revenue was up 59.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.87 earnings per share. sell-side analysts forecast that Lendingtree Inc will post 4.11 EPS for the current year.

Lendingtree declared that its Board of Directors has authorized a share buyback plan on Thursday, February 22nd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Several equities research analysts have recently issued reports on TREE shares. Oppenheimer increased their target price on shares of Lendingtree from $340.00 to $370.00 and gave the stock an “outperform” rating in a research note on Thursday, December 14th. Needham & Company LLC increased their target price on shares of Lendingtree from $300.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, December 14th. Northland Securities reissued a “buy” rating and set a $340.00 target price on shares of Lendingtree in a research note on Thursday, December 14th. BidaskClub raised shares of Lendingtree from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. Finally, Guggenheim set a $360.00 target price on shares of Lendingtree and gave the stock a “buy” rating in a research note on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. Lendingtree currently has an average rating of “Buy” and a consensus target price of $327.33.

A number of institutional investors have recently modified their holdings of TREE. Eagle Asset Management Inc. lifted its stake in Lendingtree by 738.0% in the 4th quarter. Eagle Asset Management Inc. now owns 143,850 shares of the financial services provider’s stock valued at $48,974,000 after buying an additional 126,684 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new position in Lendingtree in the 3rd quarter valued at about $28,550,000. Bamco Inc. NY purchased a new position in Lendingtree in the 4th quarter valued at about $33,490,000. Carillon Tower Advisers Inc. purchased a new position in Lendingtree in the 4th quarter valued at about $31,256,000. Finally, IFG Advisory LLC purchased a new position in Lendingtree in the 4th quarter valued at about $1,723,000. 77.02% of the stock is currently owned by hedge funds and other institutional investors.

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Lendingtree Company Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings in the United States. Its mortgage products comprise purchase and refinance products. The company also provides information, tools, and access to various conditional loan offers for non-mortgage products, including auto loans, credit cards, home equity loans, personal loans, reverse mortgages, small business loans, and student loans.

Insider Buying and Selling by Quarter for Lendingtree (NASDAQ:TREE)

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