LendingTree, Inc. (NASDAQ:TREE) CEO Douglas R. Lebda sold 4,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $264.94, for a total value of $1,059,760.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
LendingTree, Inc. (TREE) opened at $290.10 on Monday. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78. LendingTree, Inc. has a 52 week low of $94.00 and a 52 week high of $292.40. The company has a market capitalization of $3,472.15, a PE ratio of 88.18, a P/E/G ratio of 2.95 and a beta of 1.51.
LendingTree (NASDAQ:TREE) last issued its earnings results on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.97 by $0.20. LendingTree had a return on equity of 16.52% and a net margin of 5.49%. The company had revenue of $171.50 million during the quarter, compared to the consensus estimate of $157.97 million. During the same period in the previous year, the firm posted $0.80 earnings per share. LendingTree’s quarterly revenue was up 81.3% compared to the same quarter last year. analysts anticipate that LendingTree, Inc. will post 3.06 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on TREE shares. Stephens upped their price target on LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Zacks Investment Research cut LendingTree from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Bank of America Corporation increased their price target on LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Tuesday, October 10th. BWS Financial lowered LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price target on the stock. in a research note on Thursday, October 12th. Finally, Northland Securities reissued a “buy” rating and set a $280.00 price target on shares of LendingTree in a research note on Thursday, October 26th. One research analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. LendingTree presently has a consensus rating of “Buy” and a consensus price target of $247.08.
Hedge funds have recently modified their holdings of the business. Invictus RG acquired a new position in LendingTree in the third quarter valued at approximately $104,000. Advisor Group Inc. boosted its stake in LendingTree by 61.7% in the third quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 201 shares during the period. Meeder Asset Management Inc. boosted its stake in LendingTree by 2,685.7% in the second quarter. Meeder Asset Management Inc. now owns 780 shares of the financial services provider’s stock valued at $135,000 after acquiring an additional 752 shares during the period. SG Americas Securities LLC bought a new stake in shares of LendingTree during the second quarter valued at approximately $148,000. Finally, Aperio Group LLC bought a new stake in shares of LendingTree during the third quarter valued at approximately $201,000. Institutional investors own 70.86% of the company’s stock.
LendingTree Company Profile
LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.
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