Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 14,750 shares of Lendingtree stock in a transaction that occurred on Thursday, April 12th. The shares were sold at an average price of $319.30, for a total transaction of $4,709,675.00. Following the sale, the chief executive officer now owns 487,028 shares in the company, valued at approximately $155,508,040.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
NASDAQ TREE opened at $314.10 on Friday. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.81. The firm has a market cap of $3,893.51, a price-to-earnings ratio of 104.01, a PEG ratio of 1.90 and a beta of 1.73. Lendingtree Inc has a 52 week low of $117.15 and a 52 week high of $404.40.
Lendingtree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.84 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.06). The firm had revenue of $161.00 million for the quarter, compared to analysts’ expectations of $150.25 million. Lendingtree had a return on equity of 14.67% and a net margin of 2.52%. The firm’s quarterly revenue was up 59.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.87 earnings per share. analysts predict that Lendingtree Inc will post 4.11 EPS for the current fiscal year.
Lendingtree declared that its board has approved a stock repurchase program on Thursday, February 22nd that permits the company to buyback $100.00 million in shares. This buyback authorization permits the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.
TREE has been the topic of several research reports. Bank of America restated a “buy” rating and issued a $425.00 price target on shares of Lendingtree in a research report on Tuesday, January 23rd. SunTrust Banks initiated coverage on shares of Lendingtree in a research report on Tuesday, January 23rd. They issued a “hold” rating on the stock. BidaskClub cut shares of Lendingtree from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. Oppenheimer boosted their price target on shares of Lendingtree from $370.00 to $400.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Finally, UBS initiated coverage on shares of Lendingtree in a research report on Tuesday, March 27th. They issued a “neutral” rating and a $375.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $327.33.
Several institutional investors and hedge funds have recently modified their holdings of TREE. American International Group Inc. boosted its stake in shares of Lendingtree by 6.2% during the third quarter. American International Group Inc. now owns 5,189 shares of the financial services provider’s stock valued at $1,268,000 after purchasing an additional 301 shares during the period. Legal & General Group Plc boosted its stake in shares of Lendingtree by 11.2% during the third quarter. Legal & General Group Plc now owns 14,442 shares of the financial services provider’s stock valued at $3,530,000 after purchasing an additional 1,450 shares during the period. Schwab Charles Investment Management Inc. boosted its stake 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 purchasing an additional 1,862 shares during the period. California Public Employees Retirement System boosted its stake in shares of Lendingtree by 1.1% during the third quarter. California Public Employees Retirement System now owns 21,239 shares of the financial services provider’s stock valued at $5,192,000 after purchasing an additional 239 shares during the period. Finally, IFP Advisors Inc boosted its stake in shares of Lendingtree by 123,700.0% during the fourth quarter. IFP Advisors Inc now owns 1,238 shares of the financial services provider’s stock valued at $421,000 after purchasing an additional 1,237 shares during the period. 77.01% of the stock is owned by hedge funds and other institutional investors.
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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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