Douglas R. Lebda Sells 14,750 Shares of Lendingtree Inc (TREE) Stock

Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 14,750 shares of Lendingtree stock in a transaction dated Thursday, April 5th. The shares were sold at an average price of $323.22, for a total value of $4,767,495.00. Following the transaction, the chief executive officer now owns 517,706 shares of the company’s stock, valued at approximately $167,332,933.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Lendingtree stock opened at $322.80 on Friday. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.81. Lendingtree Inc has a twelve month low of $116.70 and a twelve month high of $404.40. The stock has a market capitalization of $3,913.72, a P/E ratio of 106.89, a price-to-earnings-growth ratio of 1.91 and a beta of 1.73.

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

Lendingtree announced that its board has approved a stock buyback program on Thursday, February 22nd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its shares are undervalued.

A number of large investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its stake in Lendingtree by 7.3% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,969 shares of the financial services provider’s stock worth $1,011,000 after buying an additional 202 shares in the last quarter. Xact Kapitalforvaltning AB purchased a new stake in Lendingtree during the 4th quarter worth approximately $234,000. Pier Capital LLC purchased a new stake in Lendingtree during the 4th quarter worth approximately $5,974,000. MetLife Investment Advisors LLC purchased a new stake in Lendingtree during the 4th quarter worth approximately $1,018,000. Finally, Jane Street Group LLC increased its stake in Lendingtree by 128.6% during the 4th quarter. Jane Street Group LLC now owns 1,166 shares of the financial services provider’s stock worth $397,000 after buying an additional 5,239 shares in the last quarter. Institutional investors own 77.02% of the company’s stock.

TREE has been the subject of a number of recent research reports. Bank of America reiterated a “buy” rating and set a $425.00 price objective on shares of Lendingtree in a research note on Tuesday, January 23rd. SunTrust Banks initiated coverage on Lendingtree in a research note on Tuesday, January 23rd. They set a “hold” rating for the company. BidaskClub lowered Lendingtree from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 30th. Oppenheimer lifted their price objective on Lendingtree from $340.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Finally, Guggenheim set a $360.00 price objective on Lendingtree and gave the company a “buy” rating in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $327.33.

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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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