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 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.
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.
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