Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 8,000 shares of the stock in a transaction dated Thursday, December 27th. The shares were sold at an average price of $338.81, for a total value of $2,710,480.00. Following the completion of the transaction, the chief executive officer now directly owns 379,327 shares in the company, valued at approximately $128,519,780.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Lendingtree Inc (TREE) opened at $362.65 on Thursday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.86 and a current ratio of 3.86. The firm has a market capitalization of $4,320.00, a PE ratio of 143.34, a price-to-earnings-growth ratio of 2.11 and a beta of 1.54. Lendingtree Inc has a 12-month low of $101.65 and a 12-month high of $369.25.
Lendingtree (NASDAQ:TREE) last posted its earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.97 by $0.20. The company had revenue of $171.50 million for the quarter, compared to analysts’ expectations of $157.97 million. Lendingtree had a return on equity of 16.52% and a net margin of 5.49%. Lendingtree’s quarterly revenue was up 81.3% on a year-over-year basis. During the same period last year, the firm earned $0.80 earnings per share. equities research analysts forecast that Lendingtree Inc will post 3.06 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its stake in Lendingtree by 45.6% in the second quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock valued at $92,333,000 after acquiring an additional 167,933 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Lendingtree during the second quarter worth $26,693,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Lendingtree during the third quarter worth $28,550,000. Baillie Gifford & Co. raised its holdings in shares of Lendingtree by 39.7% during the second quarter. Baillie Gifford & Co. now owns 336,171 shares of the financial services provider’s stock worth $57,889,000 after purchasing an additional 95,471 shares during the last quarter. Finally, Macquarie Group Ltd. raised its holdings in shares of Lendingtree by 55.6% during the third quarter. Macquarie Group Ltd. now owns 221,383 shares of the financial services provider’s stock worth $54,117,000 after purchasing an additional 79,065 shares during the last quarter. 71.68% of the stock is owned by institutional investors.
A number of equities research analysts recently issued reports on the company. Zacks Investment Research raised Lendingtree from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. Guggenheim set a $360.00 target price on Lendingtree and gave the company a “buy” rating in a research report on Thursday, December 14th. Needham & Company LLC raised their price target on Lendingtree from $300.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, December 14th. Oppenheimer raised their price target on Lendingtree from $340.00 to $370.00 and gave the company an “outperform” rating in a research note on Thursday, December 14th. Finally, BidaskClub upgraded Lendingtree from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Lendingtree currently has an average rating of “Buy” and a consensus price target of $278.08.
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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.
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