Lendingtree Inc (NASDAQ:TREE) CEO Douglas R. Lebda sold 14,750 shares of the company’s stock in a transaction that occurred on Thursday, June 21st. The stock was sold at an average price of $259.69, for a total transaction of $3,830,427.50. Following the completion of the transaction, the chief executive officer now owns 534,354 shares of the company’s stock, valued at $138,766,390.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Lendingtree traded down $10.60, reaching $246.55, during midday trading on Monday, Marketbeat reports. 883 shares of the company were exchanged, compared to its average volume of 279,424. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.33 and a current ratio of 3.33. Lendingtree Inc has a one year low of $166.85 and a one year high of $404.40. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 85.15, a P/E/G ratio of 2.10 and a beta of 1.80.
Lendingtree (NASDAQ:TREE) last issued its earnings results on Thursday, April 26th. The financial services provider reported $1.10 earnings per share for the quarter, missing the Zacks’ 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 company had revenue of $181.00 million for the quarter, compared to the consensus estimate of $174.13 million. During the same quarter in the prior year, the company posted $0.85 EPS. Lendingtree’s revenue was up 36.6% compared to the same quarter last year. research analysts predict that Lendingtree Inc will post 3.37 earnings per share for the current year.
A number of research firms have weighed in on TREE. BidaskClub upgraded shares of Lendingtree from a “sell” rating to a “hold” rating in a research report on Friday, June 8th. 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. ValuEngine lowered shares of Lendingtree from a “buy” rating to a “hold” rating in a research report on Wednesday, March 7th. UBS Group upgraded shares of Lendingtree from a “neutral” rating to a “buy” rating and set a $375.00 price target for the company in a research report on Monday, May 7th. Finally, Deutsche Bank began coverage on shares of Lendingtree in a research report on Wednesday, May 30th. They issued a “hold” rating and a $290.00 price target for the company. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $347.93.
Several large investors have recently modified their holdings of TREE. Xact Kapitalforvaltning AB bought a new position in shares of Lendingtree during the fourth quarter worth $234,000. Advisor Group Inc. boosted its position in shares of Lendingtree by 36.2% during the fourth quarter. Advisor Group Inc. now owns 718 shares of the financial services provider’s stock worth $244,000 after acquiring an additional 191 shares during the last quarter. ARP Americas LP bought a new position in shares of Lendingtree during the first quarter worth $263,000. Leucadia National Corp bought a new position in shares of Lendingtree during the fourth quarter worth $299,000. Finally, Polen Capital Management LLC boosted its position in shares of Lendingtree by 42.5% during the first quarter. Polen Capital Management LLC now owns 949 shares of the financial services provider’s stock worth $311,000 after acquiring an additional 283 shares during the last quarter. Hedge funds and other institutional investors own 78.06% of the company’s stock.
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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