Lendingtree Inc (TREE) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its position in Lendingtree Inc (NASDAQ:TREE) by 42.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,480 shares of the financial services provider’s stock after selling 1,857 shares during the period. Crossmark Global Holdings Inc.’s holdings in Lendingtree were worth $844,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Invictus RG bought a new stake in shares of Lendingtree in the third quarter worth $104,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Lendingtree in the fourth quarter worth $153,000. Advisor Group Inc. grew its holdings in shares of Lendingtree by 61.7% in the third quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 201 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Lendingtree by 34.8% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 639 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 165 shares during the period. Finally, Aperio Group LLC bought a new stake in shares of Lendingtree in the third quarter worth $201,000. 70.38% of the stock is owned by institutional investors.

In other news, insider Nikul Patel sold 1,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The stock was sold at an average price of $300.00, for a total value of $300,000.00. Following the transaction, the insider now directly owns 4,953 shares in the company, valued at $1,485,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas R. Lebda sold 8,000 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $297.39, for a total value of $2,379,120.00. Following the completion of the transaction, the chief executive officer now owns 421,018 shares in the company, valued at $125,206,543.02. The disclosure for this sale can be found here. Insiders sold 119,676 shares of company stock worth $39,311,897 over the last 90 days. Company insiders own 21.90% of the company’s stock.

Several equities analysts recently weighed in on TREE shares. Zacks Investment Research downgraded Lendingtree from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Oppenheimer lifted their target price on Lendingtree from $245.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, October 27th. Bank of America reiterated a “buy” rating and set a $425.00 target price on shares of Lendingtree in a research report on Tuesday, January 23rd. Stephens lifted their target price on Lendingtree from $250.00 to $300.00 and gave the company an “overweight” rating in a research report on Thursday, October 26th. Finally, Citigroup reiterated an “outperform” rating and set a $290.00 target price on shares of Lendingtree in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $288.85.

Lendingtree Inc (NASDAQ:TREE) opened at $378.95 on Friday. The firm has a market capitalization of $4,540.00, a price-to-earnings ratio of 149.78, a P/E/G ratio of 2.01 and a beta of 1.62. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78. Lendingtree Inc has a 52-week low of $111.88 and a 52-week high of $404.40.

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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.

Institutional Ownership by Quarter for Lendingtree (NASDAQ:TREE)

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