Lendingtree Inc (TREE) CEO Sells $490,360.00 in Stock
Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, April 19th. The shares were sold at an average price of $122.59, for a total transaction of $490,360.00. Following the transaction, the chief executive officer now owns 640,896 shares of the company’s stock, valued at $78,567,440.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Lendingtree Inc (NASDAQ:TREE) traded up 1.56% during mid-day trading on Friday, reaching $127.15. The company had a trading volume of 129,215 shares. The firm has a 50-day moving average price of $120.52 and a 200 day moving average price of $106.14. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 59.17 and a beta of 1.49. Lendingtree Inc has a 12-month low of $64.07 and a 12-month high of $130.20.
Lendingtree (NASDAQ:TREE) last announced its earnings results on Thursday, February 23rd. The financial services provider reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.09. The firm had revenue of $100.80 million for 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%. The company’s revenue for the quarter was up 28.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.69 EPS. Analysts expect that Lendingtree Inc will post $4.00 EPS for the current year.
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Large investors have recently made changes to their positions in the stock. State of Alaska Department of Revenue raised its stake in shares of 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 worth $100,000 after buying an additional 20 shares during the last quarter. Capital Impact Advisors LLC raised its stake in Lendingtree by 35.6% in the first quarter. Capital Impact Advisors LLC now owns 13,497 shares of the financial services provider’s stock valued at $1,692,000 after buying an additional 3,547 shares during the last quarter. Campbell Newman Asset Management Inc. raised its stake 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. Macquarie Group Ltd. raised its stake in Lendingtree by 67.4% in the fourth quarter. Macquarie Group Ltd. now owns 275,579 shares of the financial services provider’s stock valued at $27,930,000 after buying an additional 110,986 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in Lendingtree by 10.9% in the fourth quarter. Teachers Advisors LLC now owns 10,588 shares of the financial services provider’s stock valued at $1,073,000 after buying an additional 1,040 shares during the last quarter. 79.66% of the stock is currently owned by hedge funds and other institutional investors.
TREE has been the subject of several research analyst reports. Oppenheimer Holdings Inc. initiated coverage on shares of Lendingtree in a research report on Tuesday, February 7th. They set an “outperform” rating and a $129.00 price objective for the company. Zacks Investment Research downgraded shares of Lendingtree from a “hold” rating to a “sell” rating in a research report on Thursday, March 2nd. Mizuho reiterated a “buy” rating and set a $135.00 price target on shares of Lendingtree in a report on Tuesday, March 28th. Royal Bank of Canada reiterated an “outperform” rating and set a $140.00 price target (up from $120.00) on shares of Lendingtree in a report on Friday, February 24th. Finally, CIBC began coverage on shares of Lendingtree in a report on Wednesday, February 8th. They set an “outperform” rating and a $129.00 price target for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $129.62.
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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