Lendingtree Inc (NASDAQ:TREE) Director Sells $115,944.00 in Stock

Lendingtree Inc (NASDAQ:TREE) Director Peter Horan sold 300 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $386.48, for a total transaction of $115,944.00. Following the transaction, the director now owns 19,423 shares in the company, valued at $7,506,601.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Lendingtree stock opened at $363.90 on Friday. Lendingtree Inc has a fifty-two week low of $199.15 and a fifty-two week high of $434.94. The stock has a market cap of $4.80 billion, a PE ratio of 40.98, a price-to-earnings-growth ratio of 6.08 and a beta of 2.19. The firm’s 50-day simple moving average is $324.65 and its 200 day simple moving average is $354.92. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.73 and a current ratio of 0.73.

Lendingtree (NASDAQ:TREE) last released its earnings results on Wednesday, October 30th. The financial services provider reported $2.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.63 by $1.62. The firm had revenue of $310.60 million for the quarter, compared to analysts’ expectations of $295.26 million. Lendingtree had a net margin of 1.20% and a return on equity of 14.58%. The company’s quarterly revenue was up 57.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.92 earnings per share. As a group, analysts predict that Lendingtree Inc will post 2.22 EPS for the current fiscal year.

Several research firms recently weighed in on TREE. BidaskClub upgraded shares of Lendingtree from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine upgraded shares of Lendingtree from a “hold” rating to a “buy” rating in a report on Friday, November 1st. UBS Group upgraded shares of Lendingtree from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $355.00 to $395.00 in a report on Tuesday, September 3rd. Northland Securities restated a “hold” rating on shares of Lendingtree in a report on Thursday, July 25th. Finally, SunTrust Banks cut their price target on shares of Lendingtree to $335.00 and set a “hold” rating on the stock in a report on Tuesday, October 29th. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $359.33.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TREE. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Lendingtree by 44.3% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 483,539 shares of the financial services provider’s stock valued at $150,105,000 after acquiring an additional 148,551 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Lendingtree by 44.3% in the third quarter. Nikko Asset Management Americas Inc. now owns 483,539 shares of the financial services provider’s stock valued at $150,105,000 after acquiring an additional 148,551 shares during the last quarter. Scout Investments Inc. boosted its stake in Lendingtree by 102.7% in the third quarter. Scout Investments Inc. now owns 134,126 shares of the financial services provider’s stock valued at $41,637,000 after acquiring an additional 67,957 shares during the last quarter. APG Asset Management N.V. purchased a new position in Lendingtree in the second quarter valued at about $24,970,000. Finally, Carillon Tower Advisers Inc. boosted its stake in Lendingtree by 112.5% in the third quarter. Carillon Tower Advisers Inc. now owns 90,463 shares of the financial services provider’s stock valued at $28,082,000 after acquiring an additional 47,900 shares during the last quarter. Hedge funds and other institutional investors own 78.67% of the company’s stock.

About Lendingtree

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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