LendingTree (NASDAQ:TREE) Director Robin Henderson sold 1,109 shares of the business’s stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $245.29, for a total value of $272,026.61. Following the completion of the transaction, the director now directly owns 1,844 shares in the company, valued at $452,314.76. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
LendingTree stock opened at $274.95 on Friday. LendingTree has a 12 month low of $265.45 and a 12 month high of $271.15. The company has a current ratio of 3.33, a quick ratio of 3.33 and a debt-to-equity ratio of 0.73. The company has a market capitalization of $3.39 billion, a P/E ratio of 91.04, a PEG ratio of 2.08 and a beta of 1.77.
LendingTree (NASDAQ:TREE) last posted its quarterly earnings data on Thursday, April 26th. The financial services provider reported $1.10 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.02). The firm had revenue of $181.00 million during the quarter, compared to analysts’ expectations of $174.13 million. LendingTree had a net margin of 6.04% and a return on equity of 11.81%. LendingTree’s revenue for the quarter was up 36.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.85 EPS. analysts predict that LendingTree will post 3.37 earnings per share for the current year.
LendingTree announced that its board has initiated a stock repurchase program on Thursday, February 22nd that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.
A number of analysts recently commented on TREE shares. Bank of America reaffirmed a “buy” rating and issued a $425.00 target price on shares of LendingTree in a research report on Tuesday, January 23rd. SunTrust Banks started coverage on LendingTree in a research report on Tuesday, January 23rd. They issued a “hold” rating for the company. BWS Financial set a $194.00 target price on LendingTree and gave the company a “sell” rating in a research report on Monday, February 5th. Oppenheimer boosted their price objective on LendingTree from $370.00 to $400.00 and gave the stock an “outperform” rating in a report on Friday, February 23rd. Finally, BidaskClub lowered LendingTree from a “strong-buy” rating to a “buy” rating in a report on Saturday, February 24th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. LendingTree presently has an average rating of “Hold” and an average price target of $339.57.
Large investors have recently bought and sold shares of the business. Public Employees Retirement Association of Colorado purchased a new stake in shares of LendingTree during the fourth quarter worth $153,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of LendingTree by 34.8% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 639 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 165 shares in the last quarter. Polen Capital Management LLC purchased a new stake in shares of LendingTree during the fourth quarter worth $227,000. Xact Kapitalforvaltning AB bought a new position in shares of LendingTree in the fourth quarter worth $234,000. Finally, Shelton Capital Management bought a new position in shares of LendingTree in the fourth quarter worth $244,000. Hedge funds and other institutional investors own 74.18% of the company’s stock.
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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