Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 14,750 shares of the business’s stock in a transaction on Thursday, April 5th. The stock was sold at an average price of $323.22, for a total transaction of $4,767,495.00. Following the transaction, the chief executive officer now directly owns 517,706 shares in the company, valued at approximately $167,332,933.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Shares of Lendingtree stock opened at $322.80 on Monday. The firm has a market capitalization of $3,952.36, a price-to-earnings ratio of 106.89, a price-to-earnings-growth ratio of 1.93 and a beta of 1.73. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.97 and a current ratio of 2.97. Lendingtree Inc has a 52-week low of $116.70 and a 52-week high of $404.40.
Lendingtree (NASDAQ:TREE) last announced its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.06). The business had revenue of $161.00 million during the quarter, compared to the consensus estimate of $150.25 million. Lendingtree had a net margin of 2.52% and a return on equity of 14.67%. The company’s quarterly revenue was up 59.7% compared to the same quarter last year. During the same period last year, the firm earned $0.87 EPS. analysts expect that Lendingtree Inc will post 4.11 EPS for the current fiscal year.
Lendingtree announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 22nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the financial services provider to reacquire shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Lendingtree by 7.3% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,969 shares of the financial services provider’s stock worth $1,011,000 after purchasing an additional 202 shares during the last quarter. Xact Kapitalforvaltning AB bought a new stake in shares of Lendingtree in the 4th quarter worth about $234,000. Pier Capital LLC bought a new stake in shares of Lendingtree in the 4th quarter worth about $5,974,000. MetLife Investment Advisors LLC bought a new stake in shares of Lendingtree in the 4th quarter worth about $1,018,000. Finally, Jane Street Group LLC grew its holdings in shares of Lendingtree by 128.6% in the 4th quarter. Jane Street Group LLC now owns 1,166 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 5,239 shares during the last quarter. 77.02% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts recently issued reports on TREE shares. Oppenheimer boosted their target price on shares of Lendingtree from $340.00 to $370.00 and gave the stock an “outperform” rating in a research report on Thursday, December 14th. Needham & Company LLC boosted their target price on shares of Lendingtree from $300.00 to $375.00 and gave the stock a “buy” rating in a research report on Thursday, December 14th. Northland Securities reaffirmed a “buy” rating and set a $340.00 target price on shares of Lendingtree in a research report on Thursday, December 14th. BidaskClub raised shares of Lendingtree from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 15th. Finally, Guggenheim set a $360.00 target price on shares of Lendingtree and gave the stock a “buy” rating in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $327.33.
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Lendingtree Company Profile
LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings 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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