LendingTree, Inc. (TREE) Insider Sells $1,854,000.00 in Stock

LendingTree, Inc. (NASDAQ:TREE) insider Nikul Patel sold 6,000 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $309.00, for a total value of $1,854,000.00. Following the completion of the sale, the insider now owns 4,953 shares of the company’s stock, valued at approximately $1,530,477. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Nikul Patel also recently made the following trade(s):

  • On Monday, December 4th, Nikul Patel sold 1,000 shares of LendingTree stock. The shares were sold at an average price of $307.00, for a total value of $307,000.00.
  • On Wednesday, November 29th, Nikul Patel sold 1,000 shares of LendingTree stock. The shares were sold at an average price of $300.00, for a total value of $300,000.00.

LendingTree, Inc. (NASDAQ TREE) opened at $315.05 on Friday. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78. The company has a market cap of $3,725.29, a price-to-earnings ratio of 94.61, a price-to-earnings-growth ratio of 2.80 and a beta of 1.54. LendingTree, Inc. has a 1 year low of $96.20 and a 1 year high of $319.42.

LendingTree (NASDAQ:TREE) last posted its earnings results on Thursday, October 26th. The financial services provider reported $1.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.20. The firm had revenue of $171.50 million for the quarter, compared to the consensus estimate of $157.97 million. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The business’s quarterly revenue was up 81.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.80 earnings per share. equities analysts anticipate that LendingTree, Inc. will post 3.06 EPS for the current fiscal year.

TREE has been the subject of a number of research analyst reports. Zacks Investment Research lowered LendingTree from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. Oppenheimer increased their target price on LendingTree from $245.00 to $290.00 and gave the company an “outperform” rating in a report on Friday, October 27th. Stephens increased their price objective on LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a report on Thursday, October 26th. Bank of America increased their price objective on LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. Finally, Citigroup reiterated an “outperform” rating and set a $290.00 price objective on shares of LendingTree in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $251.25.

Several large investors have recently modified their holdings of the company. Renaissance Group LLC grew its position in shares of LendingTree by 2.4% in the second quarter. Renaissance Group LLC now owns 2,859 shares of the financial services provider’s stock valued at $492,000 after purchasing an additional 68 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of LendingTree by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 5,059 shares of the financial services provider’s stock valued at $871,000 after purchasing an additional 70 shares during the last quarter. Texas Permanent School Fund grew its position in shares of LendingTree by 1.7% in the second quarter. Texas Permanent School Fund now owns 5,319 shares of the financial services provider’s stock valued at $916,000 after purchasing an additional 90 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its position in shares of LendingTree by 5.6% in the second quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 90 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in shares of LendingTree by 3.4% in the second quarter. Louisiana State Employees Retirement System now owns 3,000 shares of the financial services provider’s stock valued at $517,000 after purchasing an additional 100 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

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LendingTree Company Profile

LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.

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

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