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

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Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 14,750 shares of the business’s stock in a transaction that occurred on Thursday, July 12th. The stock was sold at an average price of $243.99, for a total value of $3,598,852.50. Following the transaction, the chief executive officer now directly owns 534,354 shares in the company, valued at approximately $130,377,032.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ TREE opened at $249.45 on Thursday. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.73. Lendingtree Inc has a 12 month low of $178.30 and a 12 month high of $404.40. The company has a market cap of $2.94 billion, a PE ratio of 82.60, a price-to-earnings-growth ratio of 1.91 and a beta of 1.75.

Lendingtree (NASDAQ:TREE) last issued its earnings results on Thursday, April 26th. The financial services provider reported $1.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.02). Lendingtree had a return on equity of 11.81% and a net margin of 6.04%. The business had revenue of $181.00 million for the quarter, compared to the consensus estimate of $174.13 million. During the same quarter in the prior year, the firm posted $0.85 earnings per share. The business’s revenue was up 36.6% compared to the same quarter last year. research analysts expect that Lendingtree Inc will post 3.41 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Xact Kapitalforvaltning AB bought a new position in shares of Lendingtree during the 4th quarter worth approximately $234,000. Advisor Group Inc. boosted its stake in shares of Lendingtree by 36.2% during the 4th quarter. Advisor Group Inc. now owns 718 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 191 shares during the period. ARP Americas LP bought a new position in shares of Lendingtree during the 1st quarter worth approximately $263,000. Amalgamated Bank boosted its stake in shares of Lendingtree by 35.8% during the 2nd quarter. Amalgamated Bank now owns 1,278 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 337 shares during the period. Finally, Polen Capital Management LLC boosted its stake in shares of Lendingtree by 42.5% during the 1st quarter. Polen Capital Management LLC now owns 949 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 283 shares during the period. Institutional investors own 78.27% of the company’s stock.

TREE has been the topic of several recent analyst reports. BidaskClub lowered Lendingtree from a “strong-buy” rating to a “buy” rating in a research report on Friday, March 30th. UBS Group initiated coverage on Lendingtree in a research report on Tuesday, March 27th. They set a “neutral” rating and a $375.00 price target on the stock. Deutsche Bank initiated coverage on Lendingtree in a research report on Wednesday, May 30th. They set a “hold” rating on the stock. Zacks Investment Research raised Lendingtree from a “sell” rating to a “buy” rating and set a $362.00 price target on the stock in a research report on Wednesday, April 25th. Finally, SunTrust Banks lowered their price target on Lendingtree to $310.00 and set a “hold” rating on the stock in a research report on Friday, April 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $335.25.

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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