Lendingtree Inc (NASDAQ:TREE) insider Sushil Sharma sold 2,128 shares of the firm’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $317.03, for a total value of $674,639.84. Following the transaction, the insider now owns 8,097 shares in the company, valued at $2,566,991.91. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of TREE stock opened at $294.22 on Friday. The firm has a market cap of $3.85 billion, a P/E ratio of 33.13, a P/E/G ratio of 10.43 and a beta of 2.18. Lendingtree Inc has a fifty-two week low of $183.25 and a fifty-two week high of $434.94. The business’s 50 day moving average price is $374.52 and its 200-day moving average price is $361.31. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.67 and a current ratio of 0.67.
Lendingtree (NASDAQ:TREE) last issued its quarterly earnings data on Thursday, July 25th. The financial services provider reported $1.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.50. The firm had revenue of $278.40 million for the quarter, compared to analyst estimates of $267.46 million. Lendingtree had a return on equity of 12.54% and a net margin of 3.63%. The business’s quarterly revenue was up 51.2% compared to the same quarter last year. During the same period last year, the company earned $1.47 EPS. As a group, equities analysts predict that Lendingtree Inc will post 1.22 EPS for the current year.
TREE has been the topic of several recent research reports. SunTrust Banks set a $350.00 price target on Lendingtree and gave the stock a “hold” rating in a research report on Monday. TheStreet lowered Lendingtree from a “b” rating to a “c+” rating in a research report on Monday, July 29th. Susquehanna Bancshares upgraded Lendingtree from a “neutral” rating to a “positive” rating in a research report on Thursday, July 25th. Royal Bank of Canada lowered Lendingtree from an “outperform” rating to a “sector perform” rating and set a $415.00 price objective on the stock. in a research report on Monday, July 1st. They noted that the move was a valuation call. Finally, Bank of America reiterated a “buy” rating and issued a $390.00 price objective (down from $420.00) on shares of Lendingtree in a research report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $358.67.
Several hedge funds have recently modified their holdings of TREE. Voloridge Investment Management LLC bought a new stake in shares of Lendingtree in the 2nd quarter worth $3,720,000. Nuveen Asset Management LLC bought a new stake in shares of Lendingtree in the 2nd quarter worth $7,562,000. CSat Investment Advisory L.P. bought a new stake in shares of Lendingtree in the 2nd quarter worth $165,000. Cubist Systematic Strategies LLC bought a new stake in shares of Lendingtree in the 2nd quarter worth $1,827,000. Finally, Morgan Stanley increased its holdings in shares of Lendingtree by 62.0% in the 2nd quarter. Morgan Stanley now owns 80,950 shares of the financial services provider’s stock worth $34,002,000 after purchasing an additional 30,975 shares in the last quarter. Hedge funds and other institutional investors own 79.47% 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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