Shares of Lendingtree Inc (NASDAQ:TREE) have been assigned a consensus rating of “Buy” from the fifteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, eleven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $287.25.
A number of research firms have commented on TREE. Oppenheimer raised their price target on shares of Lendingtree from $340.00 to $370.00 and gave the stock an “outperform” rating in a report on Thursday, December 14th. BidaskClub upgraded shares of Lendingtree from a “buy” rating to a “strong-buy” rating in a report on Friday, December 15th. BWS Financial set a $194.00 price target on shares of Lendingtree and gave the stock a “sell” rating in a report on Monday, February 5th. Stephens restated an “overweight” rating and issued a $375.00 price target (up from $300.00) on shares of Lendingtree in a report on Monday, December 18th. Finally, Zacks Investment Research upgraded shares of Lendingtree from a “sell” rating to a “strong-buy” rating and set a $308.00 price target for the company in a report on Thursday, November 2nd.
In other news, CEO Douglas R. Lebda sold 8,000 shares of Lendingtree stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $297.39, for a total transaction of $2,379,120.00. Following the completion of the transaction, the chief executive officer now directly owns 421,018 shares in the company, valued at $125,206,543.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nikul Patel sold 1,000 shares of Lendingtree stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $307.00, for a total transaction of $307,000.00. Following the transaction, the insider now owns 4,953 shares of the company’s stock, valued at $1,520,571. The disclosure for this sale can be found here. Insiders have sold 119,676 shares of company stock valued at $39,311,897 over the last quarter. Corporate insiders own 21.90% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its holdings in shares of Lendingtree by 5.9% during the third quarter. Schwab Charles Investment Management Inc. now owns 33,435 shares of the financial services provider’s stock valued at $8,174,000 after buying an additional 1,862 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Lendingtree by 7.4% during the third quarter. Ameriprise Financial Inc. now owns 140,699 shares of the financial services provider’s stock valued at $34,393,000 after purchasing an additional 9,658 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Lendingtree during the third quarter valued at about $1,060,000. USA Financial Portformulas Corp bought a new position in shares of Lendingtree during the third quarter valued at about $568,000. Finally, Global X MANAGEMENT CO LLC lifted its position in shares of Lendingtree by 55.2% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,813 shares of the financial services provider’s stock valued at $688,000 after purchasing an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 70.38% of the company’s stock.
Lendingtree (TREE) traded up $3.85 during trading hours on Tuesday, reaching $376.10. 123,300 shares of the company’s stock were exchanged, compared to its average volume of 198,552. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86. The firm has a market capitalization of $4,455.39, a PE ratio of 164.96, a price-to-earnings-growth ratio of 2.01 and a beta of 1.63. Lendingtree has a 1-year low of $111.88 and a 1-year high of $404.40.
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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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