Carla Shumate Sells 10,500 Shares of Lendingtree Inc (TREE) Stock
Lendingtree Inc (NASDAQ:TREE) insider Carla Shumate sold 10,500 shares of Lendingtree stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $125.00, for a total transaction of $1,312,500.00. Following the completion of the sale, the insider now directly owns 12,927 shares in the company, valued at approximately $1,615,875. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Carla Shumate also recently made the following trade(s):
- On Thursday, February 23rd, Carla Shumate sold 2,500 shares of Lendingtree stock. The stock was sold at an average price of $125.00, for a total transaction of $312,500.00.
Shares of Lendingtree Inc (NASDAQ:TREE) traded up 1.56% during trading on Friday, reaching $127.15. 129,215 shares of the company traded hands. The company’s 50-day moving average price is $120.52 and its 200-day moving average price is $106.14. Lendingtree Inc has a 52 week low of $64.07 and a 52 week high of $130.20. The company has a market capitalization of $1.51 billion, a P/E ratio of 59.17 and a beta of 1.49.
Lendingtree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, February 23rd. The financial services provider reported $0.87 EPS for the quarter, topping the consensus estimate of $0.78 by $0.09. The company earned $100.80 million during the quarter, compared to analyst estimates of $97.13 million. Lendingtree had a net margin of 14.43% and a return on equity of 26.82%. Lendingtree’s quarterly revenue was up 28.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.69 earnings per share. Equities research analysts forecast that Lendingtree Inc will post $4.00 EPS for the current fiscal year.
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Several analysts have commented on the stock. Royal Bank of Canada lifted their price objective on shares of Lendingtree from $120.00 to $140.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. Oppenheimer Holdings Inc. started coverage on shares of Lendingtree in a research report on Tuesday, February 7th. They issued an “outperform” rating and a $129.00 price target on the stock. Zacks Investment Research raised shares of Lendingtree from a “hold” rating to a “strong-buy” rating and set a $118.00 price target on the stock in a research report on Wednesday, December 28th. Mizuho boosted their price target on shares of Lendingtree from $120.00 to $135.00 and gave the company a “buy” rating in a research report on Friday, February 24th. Finally, CIBC started coverage on shares of Lendingtree in a research report on Wednesday, February 8th. They issued an “outperform” rating and a $129.00 price target on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $129.62.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue raised its position in Lendingtree by 2.6% in the first quarter. State of Alaska Department of Revenue now owns 800 shares of the financial services provider’s stock valued at $100,000 after buying an additional 20 shares during the last quarter. SG Americas Securities LLC raised its position in Lendingtree by 6.3% in the third quarter. SG Americas Securities LLC now owns 2,967 shares of the financial services provider’s stock valued at $288,000 after buying an additional 176 shares during the last quarter. Brown Advisory Inc. purchased a new position in Lendingtree during the fourth quarter valued at approximately $321,000. BNP Paribas Arbitrage SA raised its position in Lendingtree by 78.7% in the third quarter. BNP Paribas Arbitrage SA now owns 3,799 shares of the financial services provider’s stock valued at $368,000 after buying an additional 1,673 shares during the last quarter. Finally, Campbell Newman Asset Management Inc. raised its position in Lendingtree by 13.7% in the first quarter. Campbell Newman Asset Management Inc. now owns 2,980 shares of the financial services provider’s stock valued at $374,000 after buying an additional 360 shares during the last quarter. 79.66% of the stock is owned by institutional investors.
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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