LendingTree (NASDAQ:TREE) CEO Douglas R. Lebda sold 14,750 shares of the company’s stock in a transaction that occurred on Thursday, May 17th. The shares were sold at an average price of $273.55, for a total transaction of $4,034,862.50. Following the completion of the transaction, the chief executive officer now owns 534,354 shares of the company’s stock, valued at $146,172,536.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
TREE opened at $265.45 on Wednesday. LendingTree has a twelve month low of $152.08 and a twelve month high of $404.40. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.73. The firm has a market cap of $3.48 billion, a PE ratio of 87.90, a PEG ratio of 2.14 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 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.12 by ($0.02). LendingTree had a return on equity of 11.81% and a net margin of 6.04%. The firm had revenue of $181.00 million for the quarter, compared to analyst estimates of $174.13 million. During the same quarter last year, the company earned $0.85 earnings per share. The company’s quarterly revenue was up 36.6% compared to the same quarter last year. research analysts anticipate that LendingTree will post 3.37 earnings per share for the current fiscal year.
LendingTree announced that its board has authorized a stock buyback 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. Stock buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.
Several brokerages have issued reports on TREE. BWS Financial set a $194.00 price target on shares of LendingTree and gave the company a “sell” rating in a research report on Monday, February 5th. Susquehanna Bancshares began coverage on shares of LendingTree in a research report on Wednesday, March 7th. They issued a “neutral” rating and a $325.00 price target for the company. Royal Bank of Canada restated a “buy” rating and issued a $385.00 price target on shares of LendingTree in a research report on Friday, February 23rd. Zacks Investment Research upgraded shares of LendingTree from a “sell” rating to a “buy” rating and set a $362.00 price target for the company in a research report on Wednesday, April 25th. Finally, SunTrust Banks assumed coverage on shares of LendingTree in a research report on Tuesday, January 23rd. They issued a “hold” rating for the company. Three analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. LendingTree presently has a consensus rating of “Hold” and a consensus target price of $339.57.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Public Employees Retirement Association of Colorado bought a new position in LendingTree during the fourth quarter worth $153,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in 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 bought a new position in LendingTree during the fourth quarter worth $227,000. Xact Kapitalforvaltning AB bought a new position in LendingTree during the fourth quarter worth $234,000. Finally, Shelton Capital Management bought a new position in LendingTree during the fourth quarter worth $244,000. 78.55% of the stock is currently owned by institutional investors and hedge funds.
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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