Lendingtree (TREE) Downgraded by BidaskClub to “Sell”

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BidaskClub downgraded shares of Lendingtree (NASDAQ:TREE) from a hold rating to a sell rating in a research report released on Thursday.

Several other equities analysts have also recently commented on TREE. Zacks Investment Research upgraded shares of Lendingtree from a sell rating to a buy rating and set a $362.00 price target on the stock in a report on Wednesday, April 25th. ValuEngine lowered shares of Lendingtree from a hold rating to a sell rating in a research report on Friday, April 27th. SunTrust Banks lowered their target price on shares of Lendingtree to $310.00 and set a hold rating on the stock in a research note on Friday, April 27th. UBS Group raised shares of Lendingtree from a neutral rating to a buy rating and set a $375.00 target price on the stock in a research note on Monday, May 7th. Finally, Deutsche Bank started coverage on shares of Lendingtree in a research note on Wednesday, May 30th. They set a hold rating on the stock. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $331.81.

Lendingtree opened at $245.80 on Thursday, Marketbeat reports. The stock has a market capitalization of $3.18 billion, a P/E ratio of 81.39, a PEG ratio of 1.64 and a beta of 1.78. Lendingtree has a one year low of $205.45 and a one year high of $404.40. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.59 and a quick ratio of 3.59.

Lendingtree (NASDAQ:TREE) last announced its earnings results on Thursday, July 26th. The financial services provider reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.69. The firm had revenue of $184.10 million for the quarter, compared to analysts’ expectations of $194.88 million. Lendingtree had a return on equity of 12.09% and a net margin of 10.82%. The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.90 earnings per share. analysts predict that Lendingtree will post 3.62 EPS for the current year.

In other news, CEO Douglas R. Lebda sold 14,750 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $273.55, for a total value of $4,034,862.50. Following the completion of the transaction, the chief executive officer now directly owns 534,354 shares in the company, valued at approximately $146,172,536.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robin Henderson sold 270 shares of the business’s stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $269.00, for a total transaction of $72,630.00. Following the completion of the transaction, the director now owns 1,005 shares of the company’s stock, valued at $270,345. The disclosure for this sale can be found here. Insiders sold a total of 281,432 shares of company stock valued at $70,338,681 in the last quarter. Corporate insiders own 20.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Baillie Gifford & Co. grew its holdings in shares of Lendingtree by 5.0% during the 2nd quarter. Baillie Gifford & Co. now owns 1,330,086 shares of the financial services provider’s stock valued at $284,373,000 after purchasing an additional 63,369 shares during the last quarter. Nikko Asset Management Americas Inc. grew its holdings in Lendingtree by 39.6% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 381,155 shares of the financial services provider’s stock worth $81,491,000 after acquiring an additional 108,057 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in Lendingtree by 38.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 377,933 shares of the financial services provider’s stock worth $80,802,000 after acquiring an additional 104,835 shares during the last quarter. Allianz Asset Management GmbH grew its holdings 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 last quarter. Finally, Sumitomo Mitsui Asset Management Company LTD grew its holdings in Lendingtree by 13.4% during the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 288,020 shares of the financial services provider’s stock worth $61,578,000 after acquiring an additional 33,935 shares during the last quarter. 77.65% of the stock is currently owned by institutional investors.

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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