Bank of America reiterated their buy rating on shares of Lendingtree (NASDAQ:TREE) in a research report sent to investors on Tuesday, January 23rd. They currently have a $425.00 price target on the financial services provider’s stock.
Several other analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Lendingtree from a hold rating to a sell rating in a research note on Thursday, October 26th. Stephens increased their price target on shares of Lendingtree from $250.00 to $300.00 and gave the company an overweight rating in a research report on Thursday, October 26th. BWS Financial lowered shares of Lendingtree from a buy rating to a sell rating and set a $194.00 price target for the company. in a research report on Thursday, October 12th. Northland Securities reiterated a buy rating and set a $280.00 target price on shares of Lendingtree in a research report on Thursday, October 26th. Finally, Oppenheimer increased their target price on shares of Lendingtree to $340.00 and gave the stock an outperform rating in a research report on Friday, December 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Lendingtree currently has a consensus rating of Buy and a consensus price target of $288.85.
Lendingtree (TREE) traded up $16.70 during trading on Tuesday, hitting $372.25. 193,112 shares of the company were exchanged, compared to its average volume of 205,326. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78. Lendingtree has a 52 week low of $111.88 and a 52 week high of $404.40. The firm has a market cap of $4,172.92, a P/E ratio of 163.27, a PEG ratio of 1.89 and a beta of 1.63.
In other news, CEO Douglas R. Lebda sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $272.31, for a total value of $3,267,720.00. Following the transaction, the chief executive officer now owns 432,715 shares in the company, valued at $117,832,621.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Carla Shumate sold 2,414 shares of Lendingtree stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $275.00, for a total transaction of $663,850.00. Following the completion of the sale, the chief accounting officer now owns 4,841 shares in the company, valued at approximately $1,331,275. The disclosure for this sale can be found here. Insiders sold 136,090 shares of company stock worth $43,811,407 in the last 90 days. Company insiders own 21.90% of the company’s stock.
Large investors have recently modified their holdings of the business. Invictus RG purchased a new position in Lendingtree in the 3rd quarter worth about $104,000. Advisor Group Inc. lifted its holdings in Lendingtree by 61.7% in the 3rd quarter. Advisor Group Inc. now owns 527 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 201 shares in the last quarter. Public Employees Retirement Association of Colorado purchased a new position in Lendingtree in the 4th quarter worth approximately $153,000. Aperio Group LLC purchased a new position in Lendingtree in the 3rd quarter worth approximately $201,000. Finally, Profund Advisors LLC purchased a new position in Lendingtree in the 2nd quarter worth approximately $210,000. 70.38% of the stock is owned by institutional investors and hedge funds.
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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.
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