Lendingtree Inc (NASDAQ:TREE) Insider Sells $674,639.84 in Stock

Share on StockTwits

Lendingtree Inc (NASDAQ:TREE) insider Sushil Sharma sold 2,128 shares of the business’s stock in a transaction dated Friday, August 9th. The shares were sold at an average price of $317.03, for a total value of $674,639.84. Following the sale, the insider now directly owns 8,097 shares of the company’s stock, valued at approximately $2,566,991.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NASDAQ:TREE opened at $294.22 on Friday. The company has a current ratio of 0.67, a quick ratio of 0.67 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.85 billion, a P/E ratio of 33.13, a P/E/G ratio of 10.43 and a beta of 2.18. Lendingtree Inc has a 12 month low of $183.25 and a 12 month high of $434.94. The business’s 50-day moving average is $374.52 and its 200 day moving average is $361.31.

Lendingtree (NASDAQ:TREE) last posted its earnings results on Thursday, July 25th. The financial services provider reported $1.18 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.50. The company had revenue of $278.40 million for the quarter, compared to the consensus estimate of $267.46 million. Lendingtree had a return on equity of 12.54% and a net margin of 3.63%. The firm’s revenue for the quarter was up 51.2% on a year-over-year basis. During the same period in the previous year, the business earned $1.47 earnings per share. On average, research analysts forecast that Lendingtree Inc will post 1.22 earnings per share for the current year.

Several equities analysts have recently commented on the company. SunTrust Banks set a $350.00 price objective on Lendingtree and gave the company a “hold” rating in a research report on Monday. Susquehanna Bancshares upgraded Lendingtree from a “neutral” rating to a “positive” rating in a research report on Thursday, July 25th. Northland Securities restated a “hold” rating on shares of Lendingtree in a research report on Thursday, July 25th. Oppenheimer boosted their price objective on Lendingtree from $440.00 to $465.00 and gave the company an “outperform” rating in a research report on Tuesday, July 23rd. Finally, Bank of America restated a “buy” rating and issued a $390.00 price objective (down from $420.00) on shares of Lendingtree in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $358.67.

Several large investors have recently bought and sold shares of TREE. Raymond James & Associates raised its position in shares of Lendingtree by 21.3% in the 4th quarter. Raymond James & Associates now owns 1,157 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 203 shares during the period. Legal & General Group Plc raised its position in shares of Lendingtree by 8.7% in the 4th quarter. Legal & General Group Plc now owns 7,892 shares of the financial services provider’s stock valued at $1,733,000 after acquiring an additional 632 shares during the period. Millennium Management LLC acquired a new stake in shares of Lendingtree in the 4th quarter valued at approximately $1,303,000. Amalgamated Bank acquired a new stake in shares of Lendingtree in the 4th quarter valued at approximately $278,000. Finally, Norges Bank acquired a new stake in shares of Lendingtree in the 4th quarter valued at approximately $12,737,000. Institutional investors own 79.47% of the company’s stock.

About Lendingtree

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans 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.

Featured Story: Net Margin

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

Receive News & Ratings for Lendingtree Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lendingtree and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Lundin Mining Co.  Insider Nemesia S.a.r.l.  Acquires 150,000 Shares
Lundin Mining Co. Insider Nemesia S.a.r.l. Acquires 150,000 Shares
Brian B. Hansen Sells 15,000 Shares of Tandem Diabetes Care Inc  Stock
Brian B. Hansen Sells 15,000 Shares of Tandem Diabetes Care Inc Stock
Osisko gold royalties Ltd  Director Sells C$897,627.00 in Stock
Osisko gold royalties Ltd Director Sells C$897,627.00 in Stock
Deciphera Pharmaceuticals Inc  Director Sells $917,325.00 in Stock
Deciphera Pharmaceuticals Inc Director Sells $917,325.00 in Stock
Boston Advisors LLC Decreases Stock Holdings in Textron Inc.
Boston Advisors LLC Decreases Stock Holdings in Textron Inc.
Sumedh S. Thakar Sells 6,980 Shares of Qualys Inc  Stock
Sumedh S. Thakar Sells 6,980 Shares of Qualys Inc Stock


© 2006-2019 Ticker Report