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.
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.
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