LendingTree, Inc. (TREE) Insider Sells $1,854,000.00 in Stock

LendingTree, Inc. (NASDAQ:TREE) insider Nikul Patel sold 6,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $309.00, for a total transaction of $1,854,000.00. Following the sale, the insider now owns 4,953 shares in the company, valued at $1,530,477. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Nikul Patel also recently made the following trade(s):

  • On Monday, December 4th, Nikul Patel sold 1,000 shares of LendingTree stock. The stock was sold at an average price of $307.00, for a total transaction of $307,000.00.
  • On Wednesday, November 29th, Nikul Patel sold 1,000 shares of LendingTree stock. The stock was sold at an average price of $300.00, for a total transaction of $300,000.00.

Shares of LendingTree, Inc. (NASDAQ:TREE) traded up $1.70 during trading hours on Thursday, hitting $306.90. 190,300 shares of the stock traded hands, compared to its average volume of 192,214. The stock has a market capitalization of $3,652.88, a P/E ratio of 92.77, a price-to-earnings-growth ratio of 2.74 and a beta of 1.54. The company has a current ratio of 3.86, a quick ratio of 3.86 and a debt-to-equity ratio of 0.78. LendingTree, Inc. has a 1-year low of $96.20 and a 1-year high of $316.25.

LendingTree (NASDAQ:TREE) last issued its earnings results on Thursday, October 26th. The financial services provider reported $1.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.97 by $0.20. The business had revenue of $171.50 million for the quarter, compared to the consensus estimate of $157.97 million. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The business’s quarterly revenue was up 81.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.80 earnings per share. sell-side analysts forecast that LendingTree, Inc. will post 3.06 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of TREE. Vanguard Group Inc. boosted its holdings in shares of LendingTree by 45.6% in the second quarter. Vanguard Group Inc. now owns 536,197 shares of the financial services provider’s stock valued at $92,333,000 after acquiring an additional 167,933 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of LendingTree in the second quarter valued at about $26,693,000. Nikko Asset Management Americas Inc. lifted its stake in shares of LendingTree by 1,314.7% in the second quarter. Nikko Asset Management Americas Inc. now owns 134,400 shares of the financial services provider’s stock valued at $23,144,000 after purchasing an additional 124,900 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in shares of LendingTree by 1,264.2% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 129,600 shares of the financial services provider’s stock valued at $22,317,000 after purchasing an additional 120,100 shares during the period. Finally, Davidson Kempner Capital Management LP acquired a new stake in shares of LendingTree in the third quarter valued at about $28,550,000. 72.11% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently weighed in on the stock. BWS Financial lowered shares of LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price objective on the stock. in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of LendingTree from a “sell” rating to a “strong-buy” rating and set a $308.00 price objective on the stock in a report on Thursday, November 2nd. Needham & Company LLC restated a “buy” rating and issued a $300.00 price objective (up from $250.00) on shares of LendingTree in a report on Thursday, October 26th. Oppenheimer raised their price objective on shares of LendingTree to $340.00 and gave the company an “outperform” rating in a report on Friday, December 1st. Finally, Northland Securities reaffirmed a “buy” rating and issued a $280.00 target price on shares of LendingTree in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. LendingTree presently has a consensus rating of “Buy” and an average price target of $251.25.

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About LendingTree

LendingTree, Inc (LendingTree) is engaged in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Company’s online marketplace provides consumers with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, personal loans, student loans, small business loans and other related offerings.

Insider Buying and Selling by Quarter for LendingTree (NASDAQ:TREE)

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