Neil Salvage Sells 1,370 Shares of Lendingtree Inc (NASDAQ:TREE) Stock

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Lendingtree Inc (NASDAQ:TREE) President Neil Salvage sold 1,370 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $393.00, for a total value of $538,410.00. Following the completion of the sale, the president now directly owns 10,671 shares of the company’s stock, valued at approximately $4,193,703. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Neil Salvage also recently made the following trade(s):

  • On Tuesday, May 28th, Neil Salvage sold 4,468 shares of Lendingtree stock. The stock was sold at an average price of $378.05, for a total value of $1,689,127.40.
  • On Thursday, May 30th, Neil Salvage sold 9,468 shares of Lendingtree stock. The stock was sold at an average price of $374.33, for a total value of $3,544,156.44.
  • On Friday, March 1st, Neil Salvage sold 1,305 shares of Lendingtree stock. The stock was sold at an average price of $326.11, for a total value of $425,573.55.
  • On Wednesday, February 27th, Neil Salvage sold 5,000 shares of Lendingtree stock. The stock was sold at an average price of $320.00, for a total value of $1,600,000.00.

Shares of NASDAQ TREE opened at $388.30 on Wednesday. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.63 and a quick ratio of 0.63. Lendingtree Inc has a 1 year low of $183.25 and a 1 year high of $411.31. The firm has a market cap of $5.00 billion, a price-to-earnings ratio of 43.73, a PEG ratio of 3.70 and a beta of 2.32.

Lendingtree (NASDAQ:TREE) last posted its earnings results on Friday, April 26th. The financial services provider reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.56. The firm had revenue of $262.40 million for the quarter, compared to the consensus estimate of $239.73 million. Lendingtree had a net margin of 7.62% and a return on equity of 13.71%. The business’s quarterly revenue was up 45.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.10 earnings per share. Equities research analysts forecast that Lendingtree Inc will post 3.85 earnings per share for the current year.

TREE has been the topic of several recent analyst reports. Oppenheimer boosted their price target on Lendingtree from $350.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, April 29th. SunTrust Banks boosted their price target on Lendingtree to $326.00 and gave the stock a “hold” rating in a research note on Monday, April 29th. They noted that the move was a valuation call. Compass Point reiterated a “buy” rating and issued a $345.00 price target (up previously from $305.00) on shares of Lendingtree in a research note on Tuesday, April 30th. Deutsche Bank upped their price objective on Lendingtree from $330.00 to $390.00 and gave the company a “hold” rating in a research note on Monday, April 29th. Finally, Northland Securities restated a “hold” rating on shares of Lendingtree in a research note on Friday, April 26th. Six analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $346.00.

Several large investors have recently modified their holdings of the company. Teachers Advisors LLC grew its position in Lendingtree by 19.7% during the 3rd quarter. Teachers Advisors LLC now owns 17,304 shares of the financial services provider’s stock valued at $3,982,000 after purchasing an additional 2,846 shares during the last quarter. Morgan Stanley lifted its stake in shares of Lendingtree by 16.9% in the 3rd quarter. Morgan Stanley now owns 93,579 shares of the financial services provider’s stock worth $21,533,000 after purchasing an additional 13,499 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its stake in Lendingtree by 9.0% during the 4th quarter. Sumitomo Mitsui Asset Management Company LTD now owns 275,020 shares of the financial services provider’s stock worth $60,386,000 after acquiring an additional 22,715 shares during the period. Arizona State Retirement System raised its stake in Lendingtree by 1.2% during the 4th quarter. Arizona State Retirement System now owns 5,340 shares of the financial services provider’s stock worth $1,173,000 after acquiring an additional 62 shares during the period. Finally, Advisors Asset Management Inc. raised its stake in Lendingtree by 27.7% during the 4th quarter. Advisors Asset Management Inc. now owns 683 shares of the financial services provider’s stock worth $150,000 after acquiring an additional 148 shares during the period. 85.05% of the stock is currently owned by institutional investors.

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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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