LendingTree (NASDAQ:TREE) CEO Douglas R. Lebda sold 14,750 shares of the firm’s stock in a transaction on Thursday, May 24th. The shares were sold at an average price of $264.63, for a total transaction of $3,903,292.50. Following the sale, the chief executive officer now directly owns 534,354 shares of the company’s stock, valued at $141,406,099.02. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Shares of LendingTree opened at $258.90 on Friday, MarketBeat.com reports. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 85.73, a P/E/G ratio of 1.99 and a beta of 1.77. The company has a quick ratio of 3.33, a current ratio of 3.33 and a debt-to-equity ratio of 0.73. LendingTree has a 1-year low of $154.68 and a 1-year high of $404.40.

LendingTree (NASDAQ:TREE) last posted its quarterly earnings results on Thursday, April 26th. The financial services provider reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.02). LendingTree had a return on equity of 11.81% and a net margin of 6.04%. The business had revenue of $181.00 million during the quarter, compared to the consensus estimate of $174.13 million. During the same quarter in the previous year, the business posted $0.85 earnings per share. The company’s quarterly revenue was up 36.6% compared to the same quarter last year. equities analysts forecast that LendingTree will post 3.37 earnings per share for the current fiscal year.

LendingTree declared that its board has initiated a share buyback program on Thursday, February 22nd that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Several institutional investors have recently bought and sold shares of TREE. Schwab Charles Investment Management Inc. lifted its position in shares of LendingTree by 1.9% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 34,069 shares of the financial services provider’s stock worth $11,599,000 after buying an additional 634 shares during the last quarter. IFP Advisors Inc lifted its position in shares of LendingTree by 123,700.0% in the 4th quarter. IFP Advisors Inc now owns 1,238 shares of the financial services provider’s stock worth $421,000 after buying an additional 1,237 shares during the last quarter. APG Asset Management N.V. bought a new position in shares of LendingTree in the 4th quarter worth about $1,616,000. IFG Advisory LLC bought a new position in shares of LendingTree in the 4th quarter worth about $1,723,000. Finally, Private Advisory Group LLC bought a new position in shares of LendingTree in the 4th quarter worth about $844,000. Institutional investors own 78.55% of the company’s stock.

A number of equities research analysts recently weighed in on the stock. BidaskClub lowered shares of LendingTree from a “hold” rating to a “sell” rating in a report on Wednesday. Deutsche Bank initiated coverage on shares of LendingTree in a report on Wednesday. They set a “hold” rating and a $290.00 price objective for the company. Deutsche Bank initiated coverage on shares of LendingTree in a report on Wednesday. They set a “hold” rating for the company. Susquehanna Bancshares initiated coverage on shares of LendingTree in a report on Wednesday, March 7th. They set a “neutral” rating and a $325.00 price objective for the company. Finally, ValuEngine lowered shares of LendingTree from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $336.27.

About LendingTree

LendingTree, Inc, through its subsidiary, LendingTree, LLC, operates an online loan marketplace for consumers seeking loans and other credit-based offerings 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.

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

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