Neil Salvage Sells 3,483 Shares of Lendingtree Inc (NASDAQ:TREE) Stock

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Lendingtree Inc (NASDAQ:TREE) President Neil Salvage sold 3,483 shares of Lendingtree stock in a transaction that occurred on Tuesday, July 9th. The stock was sold at an average price of $425.00, for a total transaction of $1,480,275.00. Following the completion of the sale, the president now directly owns 7,821 shares of the company’s stock, valued at $3,323,925. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Neil Salvage also recently made the following trade(s):

  • On Friday, July 5th, Neil Salvage sold 20,405 shares of Lendingtree stock. The stock was sold at an average price of $435.37, for a total transaction of $8,883,724.85.
  • On Tuesday, May 28th, Neil Salvage sold 4,468 shares of Lendingtree stock. The stock was sold at an average price of $378.05, for a total transaction of $1,689,127.40.
  • On Thursday, May 30th, Neil Salvage sold 9,468 shares of Lendingtree stock. The stock was sold at an average price of $374.33, for a total transaction of $3,544,156.44.
  • On Thursday, May 16th, Neil Salvage sold 1,370 shares of Lendingtree stock. The stock was sold at an average price of $393.00, for a total transaction of $538,410.00.

Shares of NASDAQ TREE opened at $432.68 on Friday. Lendingtree Inc has a 52-week low of $183.25 and a 52-week high of $434.94. The company’s fifty day moving average is $399.63. The stock has a market cap of $5.58 billion, a PE ratio of 48.73, a PEG ratio of 4.02 and a beta of 2.25. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.63.

Lendingtree (NASDAQ:TREE) last announced its quarterly earnings data on Friday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.56. Lendingtree had a net margin of 7.62% and a return on equity of 13.71%. The company had revenue of $262.40 million during the quarter, compared to analysts’ expectations of $239.73 million. During the same period in the previous year, the company earned $1.10 EPS. The business’s quarterly revenue was up 45.0% compared to the same quarter last year. On average, sell-side analysts forecast that Lendingtree Inc will post 3.85 earnings per share for the current fiscal year.

TREE has been the subject of several recent analyst reports. Oppenheimer lifted their target price on shares of Lendingtree from $350.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. Northland Securities reissued a “hold” rating on shares of Lendingtree in a research note on Friday, April 26th. Deutsche Bank cut shares of RIGHTMOVE PLC/ADR from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Bank of America reissued a “buy” rating and set a $420.00 price objective (up from $400.00) on shares of Lendingtree in a research note on Monday, April 29th. Finally, BidaskClub cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Thursday. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $356.56.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Macquarie Group Ltd. lifted its holdings in shares of Lendingtree by 5.8% during the 4th quarter. Macquarie Group Ltd. now owns 422,873 shares of the financial services provider’s stock valued at $92,850,000 after acquiring an additional 23,143 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Lendingtree by 117.0% during the 1st quarter. Victory Capital Management Inc. now owns 343,010 shares of the financial services provider’s stock valued at $120,589,000 after acquiring an additional 184,965 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Lendingtree by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 229,519 shares of the financial services provider’s stock valued at $50,396,000 after acquiring an additional 8,774 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Lendingtree by 57.5% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 122,101 shares of the financial services provider’s stock valued at $42,925,000 after acquiring an additional 44,601 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Lendingtree by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 114,460 shares of the financial services provider’s stock valued at $25,131,000 after acquiring an additional 1,170 shares in the last quarter. 84.97% of the stock is owned by institutional investors.

Lendingtree Company Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans 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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Insider Buying and Selling by Quarter for Lendingtree (NASDAQ:TREE)

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