LendingTree, Inc. (TREE) Director G Kennedy Thompson Acquires 4,000 Shares of Stock

LendingTree, Inc. (NASDAQ:TREE) Director G Kennedy Thompson acquired 4,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were bought at an average cost of $264.90 per share, with a total value of $1,059,600.00. Following the purchase, the director now owns 9,000 shares in the company, valued at $2,384,100. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

G Kennedy Thompson also recently made the following trade(s):

  • On Thursday, August 31st, G Kennedy Thompson acquired 5,000 shares of LendingTree stock. The shares were bought at an average cost of $230.91 per share, with a total value of $1,154,550.00.

LendingTree, Inc. (NASDAQ TREE) opened at $264.60 on Tuesday. The firm has a market capitalization of $3,084.96, a P/E ratio of 78.34, a price-to-earnings-growth ratio of 2.63 and a beta of 1.51. LendingTree, Inc. has a fifty-two week low of $87.16 and a fifty-two week high of $280.80. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.86 and a quick ratio of 3.86.

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

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TREE has been the subject of a number of research analyst reports. Northland Securities reaffirmed a “buy” rating and set a $280.00 price objective on shares of LendingTree in a research note on Thursday, October 26th. Needham & Company LLC reiterated a “buy” rating and set a $300.00 target price (up previously from $250.00) on shares of LendingTree in a report on Thursday, October 26th. Bank of America Corporation boosted their target price on LendingTree from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Tuesday, October 10th. Zacks Investment Research upgraded LendingTree from a “sell” rating to a “hold” rating in a report on Thursday, September 28th. Finally, Citigroup Inc. reiterated an “outperform” rating and set a $290.00 target price on shares of LendingTree in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $247.08.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Group LLC boosted its holdings in LendingTree by 2.4% in the 2nd quarter. Renaissance Group LLC now owns 2,859 shares of the financial services provider’s stock worth $492,000 after acquiring an additional 68 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in LendingTree by 1.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,059 shares of the financial services provider’s stock worth $871,000 after acquiring an additional 70 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in LendingTree by 5.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 1,710 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 90 shares during the period. Texas Permanent School Fund boosted its holdings in LendingTree by 1.7% in the 2nd quarter. Texas Permanent School Fund now owns 5,319 shares of the financial services provider’s stock worth $916,000 after acquiring an additional 90 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in LendingTree by 3.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 3,000 shares of the financial services provider’s stock worth $517,000 after acquiring an additional 100 shares during the period. Hedge funds and other institutional investors own 71.20% of the company’s stock.

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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