Nikul Patel Sells 1,000 Shares of LendingTree, Inc. (TREE) Stock

LendingTree, Inc. (NASDAQ:TREE) insider Nikul Patel sold 1,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $307.00, for a total transaction of $307,000.00. Following the transaction, the insider now owns 4,953 shares of the company’s stock, valued at approximately $1,520,571. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

  • 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) opened at $306.90 on Thursday. LendingTree, Inc. has a 12 month low of $96.20 and a 12 month high of $316.25. The firm has a market cap of $3,652.88, a price-to-earnings ratio of 92.77, a PEG ratio of 2.74 and a beta of 1.54. The company has a quick ratio of 3.86, a current ratio of 3.86 and a debt-to-equity ratio of 0.78.

LendingTree (NASDAQ:TREE) last announced 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. LendingTree had a net margin of 5.49% and a return on equity of 16.52%. The business had revenue of $171.50 million for the quarter, compared to the consensus estimate of $157.97 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The business’s revenue for the quarter was up 81.3% on a year-over-year basis. sell-side analysts expect that LendingTree, Inc. will post 3.06 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System raised its stake in shares of LendingTree by 1.1% in the third quarter. California Public Employees Retirement System now owns 21,239 shares of the financial services provider’s stock valued at $5,192,000 after acquiring an additional 239 shares during the period. Davidson Kempner Capital Management LP purchased a new stake in shares of LendingTree in the third quarter valued at $28,550,000. Jackson Square Partners LLC raised its stake in shares of LendingTree by 0.3% in the third quarter. Jackson Square Partners LLC now owns 549,600 shares of the financial services provider’s stock valued at $134,349,000 after acquiring an additional 1,853 shares during the period. Invictus RG purchased a new stake in shares of LendingTree in the third quarter valued at $104,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of LendingTree by 5.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 33,435 shares of the financial services provider’s stock valued at $8,174,000 after acquiring an additional 1,862 shares during the period. 72.11% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts recently weighed in on TREE shares. Zacks Investment Research lowered shares of LendingTree from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. Stephens upped their target price on shares of LendingTree from $250.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, October 26th. Bank of America increased their price objective on shares of LendingTree from $250.00 to $285.00 and gave the company a “buy” rating in a research report on Tuesday, October 10th. BWS Financial lowered shares of LendingTree from a “buy” rating to a “sell” rating and set a $194.00 price objective for the company. in a research report on Thursday, October 12th. Finally, Northland Securities reiterated a “buy” rating and set a $280.00 price objective on shares of LendingTree in a research report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. LendingTree has an average rating of “Buy” and an average target price of $251.25.

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LendingTree Company Profile

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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