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 17th. The stock was sold at an average price of $273.55, for a total value of $4,034,862.50. Following the transaction, the chief executive officer now owns 534,354 shares in the company, valued at $146,172,536.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

TREE traded up $3.75 on Monday, reaching $278.70. 134,042 shares of the stock were exchanged, compared to its average volume of 232,268. LendingTree has a fifty-two week low of $152.08 and a fifty-two week high of $404.40. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.33 and a current ratio of 3.33. The stock has a market cap of $3.48 billion, a P/E ratio of 92.28, a P/E/G ratio of 2.14 and a beta of 1.77.

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

LendingTree announced that its Board of Directors has approved a share buyback program on Thursday, February 22nd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

Several hedge funds have recently modified their holdings of TREE. Public Employees Retirement Association of Colorado acquired a new position in shares of LendingTree in the 4th quarter valued at about $153,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in LendingTree by 34.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 639 shares of the financial services provider’s stock worth $218,000 after buying an additional 165 shares in the last quarter. Polen Capital Management LLC purchased a new stake in LendingTree during the 4th quarter worth approximately $227,000. Xact Kapitalforvaltning AB purchased a new stake in LendingTree during the 4th quarter worth approximately $234,000. Finally, Shelton Capital Management purchased a new stake in LendingTree during the 4th quarter worth approximately $244,000. 78.55% of the stock is owned by institutional investors and hedge funds.

Several research analysts have commented on the company. UBS upgraded LendingTree from a “neutral” rating to a “buy” rating and set a $375.00 price objective on the stock in a report on Monday, May 7th. Zacks Investment Research downgraded LendingTree from a “buy” rating to a “strong sell” rating in a report on Thursday, May 3rd. SunTrust Banks cut their price target on LendingTree to $310.00 and set a “hold” rating on the stock in a report on Friday, April 27th. ValuEngine downgraded LendingTree from a “hold” rating to a “sell” rating in a report on Friday, April 27th. Finally, BidaskClub downgraded LendingTree from a “buy” rating to a “hold” rating in a report on Thursday, April 5th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. LendingTree has a consensus rating of “Hold” and an average price target of $339.57.

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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