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.
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.
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.
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