Insider Selling: Lendingtree Inc (NASDAQ:TREE) President Sells $1,480,275.00 in Stock

Lendingtree Inc (NASDAQ:TREE) President Neil Salvage sold 3,483 shares of the firm’s stock in a transaction dated Tuesday, July 9th. The stock was sold at an average price of $425.00, for a total value of $1,480,275.00. Following the transaction, the president now directly owns 7,821 shares in the company, valued at approximately $3,323,925. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Neil Salvage also recently made the following trade(s):

  • On Friday, July 5th, Neil Salvage sold 20,405 shares of Lendingtree stock. The stock was sold at an average price of $435.37, for a total value of $8,883,724.85.
  • On Tuesday, May 28th, Neil Salvage sold 4,468 shares of Lendingtree stock. The stock was sold at an average price of $378.05, for a total value of $1,689,127.40.
  • On Thursday, May 30th, Neil Salvage sold 9,468 shares of Lendingtree stock. The stock was sold at an average price of $374.33, for a total value of $3,544,156.44.
  • On Thursday, May 16th, Neil Salvage sold 1,370 shares of Lendingtree stock. The stock was sold at an average price of $393.00, for a total value of $538,410.00.

NASDAQ TREE opened at $432.68 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.63 and a current ratio of 0.63. Lendingtree Inc has a 52-week low of $183.25 and a 52-week high of $434.94. The business’s 50-day moving average is $399.63. The stock has a market capitalization of $5.58 billion, a price-to-earnings ratio of 48.73, a P/E/G ratio of 4.02 and a beta of 2.25.

Lendingtree (NASDAQ:TREE) last released its quarterly earnings results on Friday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.56. The firm had revenue of $262.40 million for the quarter, compared to analyst estimates of $239.73 million. Lendingtree had a return on equity of 13.71% and a net margin of 7.62%. The business’s revenue was up 45.0% on a year-over-year basis. During the same quarter last year, the company posted $1.10 earnings per share. On average, equities analysts forecast that Lendingtree Inc will post 3.85 EPS for the current year.

Several equities analysts have issued reports on TREE shares. Oppenheimer raised their price objective on Lendingtree from $350.00 to $440.00 and gave the stock an “outperform” rating in a report on Monday, April 29th. ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a report on Monday, June 3rd. Bank of America reaffirmed a “buy” rating and set a $420.00 price objective (up previously from $400.00) on shares of Lendingtree in a report on Monday, April 29th. Compass Point reaffirmed a “buy” rating and set a $345.00 price objective (up previously from $305.00) on shares of Lendingtree in a report on Tuesday, April 30th. Finally, Northland Securities reaffirmed a “hold” rating on shares of Lendingtree in a report on Friday, April 26th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $356.56.

A number of large investors have recently made changes to their positions in TREE. First Trust Advisors LP lifted its position in Lendingtree by 222.2% in the fourth quarter. First Trust Advisors LP now owns 6,808 shares of the financial services provider’s stock valued at $1,495,000 after purchasing an additional 4,695 shares during the period. New York State Common Retirement Fund lifted its position in Lendingtree by 10.2% in the fourth quarter. New York State Common Retirement Fund now owns 16,247 shares of the financial services provider’s stock valued at $3,567,000 after purchasing an additional 1,505 shares during the period. Texas Permanent School Fund lifted its position in Lendingtree by 4.1% in the fourth quarter. Texas Permanent School Fund now owns 4,869 shares of the financial services provider’s stock valued at $1,069,000 after purchasing an additional 192 shares during the period. Raymond James & Associates lifted its position in Lendingtree by 21.3% in the fourth quarter. Raymond James & Associates now owns 1,157 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 203 shares during the period. Finally, Royce & Associates LP lifted its position in Lendingtree by 75.0% in the fourth quarter. Royce & Associates LP now owns 7,000 shares of the financial services provider’s stock valued at $1,537,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 84.97% of the company’s stock.

Lendingtree Company Profile

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans 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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Insider Buying and Selling by Quarter for Lendingtree (NASDAQ:TREE)

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