LendingTree (TREE) CEO Douglas R. Lebda Sells 14,750 Shares

LendingTree (NASDAQ:TREE) CEO Douglas R. Lebda sold 14,750 shares of the firm’s stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $285.89, for a total value of $4,216,877.50. Following the transaction, the chief executive officer now owns 534,354 shares in the company, valued at $152,766,465.06. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of LendingTree opened at $279.35 on Tuesday, Marketbeat.com reports. LendingTree has a 12-month low of $275.35 and a 12-month high of $286.40. The firm has a market capitalization of $3.49 billion, a PE ratio of 92.50, a P/E/G ratio of 2.15 and a beta of 1.77. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.73.

LendingTree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.02). LendingTree had a net margin of 6.04% and a return on equity of 11.81%. The company had revenue of $181.00 million during the quarter, compared to analysts’ expectations of $174.13 million. During the same quarter in the prior year, the business posted $0.85 earnings per share. The company’s revenue was up 36.6% compared to the same quarter last year. equities research analysts forecast that LendingTree will post 3.37 EPS for the current year.

LendingTree declared that its Board of Directors has initiated a share buyback plan on Thursday, February 22nd that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Several research analysts have commented on TREE shares. SunTrust Banks reduced their price objective on LendingTree to $310.00 and set a “hold” rating on the stock in a report on Friday, April 27th. BidaskClub upgraded LendingTree from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 17th. Stephens raised their price objective on LendingTree from $385.00 to $420.00 and gave the stock an “overweight” rating in a report on Monday, March 19th. They noted that the move was a valuation call. ValuEngine downgraded LendingTree from a “hold” rating to a “sell” rating in a report on Friday, April 27th. Finally, Oppenheimer raised their price objective on LendingTree from $370.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $339.57.

Large investors have recently made changes to their positions in the company. Mason Street Advisors LLC grew its stake in LendingTree by 97.6% during the 1st quarter. Mason Street Advisors LLC now owns 3,874 shares of the financial services provider’s stock worth $1,271,000 after buying an additional 1,913 shares during the last quarter. Northwestern Mutual Investment Management Company LLC acquired a new stake in LendingTree during the 1st quarter worth about $518,000. Allianz Asset Management GmbH lifted its position in LendingTree by 38.1% during the 1st quarter. Allianz Asset Management GmbH now owns 301,365 shares of the financial services provider’s stock worth $98,893,000 after acquiring an additional 83,215 shares during the period. Carillon Tower Advisers Inc. lifted its position in LendingTree by 82.3% during the 1st quarter. Carillon Tower Advisers Inc. now owns 167,339 shares of the financial services provider’s stock worth $53,874,000 after acquiring an additional 75,530 shares during the period. Finally, Gideon Capital Advisors Inc. acquired a new position in shares of LendingTree in the 1st quarter valued at about $820,000. Institutional investors and hedge funds own 74.18% of the company’s stock.

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.

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

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