Douglas R. Lebda Sells 14,750 Shares of Lendingtree Inc (TREE) Stock

Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 14,750 shares of Lendingtree stock in a transaction on Tuesday, April 10th. The stock was sold at an average price of $323.38, for a total transaction of $4,769,855.00. Following the sale, the chief executive officer now directly owns 502,778 shares in the company, valued at approximately $162,588,349.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

TREE opened at $314.10 on Friday. The stock has a market capitalization of $3,895.96, a PE ratio of 104.01, a P/E/G ratio of 1.90 and a beta of 1.73. Lendingtree Inc has a 1-year low of $117.15 and a 1-year high of $404.40. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.81.

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Lendingtree (NASDAQ:TREE) last released its earnings results on Thursday, February 22nd. The financial services provider reported $0.84 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.06). Lendingtree had a return on equity of 14.67% and a net margin of 2.52%. The company had revenue of $161.00 million during the quarter, compared to the consensus estimate of $150.25 million. During the same period in the previous year, the firm posted $0.87 EPS. Lendingtree’s revenue for the quarter was up 59.7% on a year-over-year basis. equities analysts expect that Lendingtree Inc will post 4.11 EPS for the current year.

Lendingtree declared that its board has approved a stock buyback plan on Thursday, February 22nd that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its stock is undervalued.

Several hedge funds and other institutional investors have recently bought and sold shares of TREE. Eagle Asset Management Inc. boosted its holdings in shares of Lendingtree by 738.0% in the 4th quarter. Eagle Asset Management Inc. now owns 143,850 shares of the financial services provider’s stock valued at $48,974,000 after buying an additional 126,684 shares during the period. Bamco Inc. NY acquired a new position in shares of Lendingtree in the 4th quarter valued at about $33,490,000. Carillon Tower Advisers Inc. acquired a new position in shares of Lendingtree in the 4th quarter valued at about $31,256,000. IFG Advisory LLC acquired a new position in shares of Lendingtree in the 4th quarter valued at about $1,723,000. Finally, Two Sigma Advisers LP boosted its holdings in shares of Lendingtree by 32.4% in the 4th quarter. Two Sigma Advisers LP now owns 136,400 shares of the financial services provider’s stock valued at $46,437,000 after buying an additional 33,400 shares during the period. 77.01% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on TREE shares. BidaskClub downgraded shares of Lendingtree from a “strong-buy” rating to a “buy” rating in a research note on Saturday, February 24th. Bank of America reaffirmed a “buy” rating and set a $425.00 price target on shares of Lendingtree in a research note on Tuesday, January 23rd. Northland Securities reaffirmed a “buy” rating and set a $360.00 price target on shares of Lendingtree in a research note on Friday, February 23rd. Royal Bank of Canada reissued a “buy” rating and issued a $385.00 target price on shares of Lendingtree in a research report on Friday, February 23rd. Finally, SunTrust Banks reissued a “hold” rating and issued a $360.00 target price on shares of Lendingtree in a research report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target 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.

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

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