Northland Securities lowered shares of Lendingtree (NASDAQ:TREE) from an outperform rating to a market perform rating in a research note released on Friday, July 27th, Marketbeat.com reports.
A number of other equities research analysts have also issued reports on the company. UBS Group upgraded Lendingtree from a neutral rating to a buy rating and set a $375.00 price target for the company in a research note on Monday, May 7th. Zacks Investment Research upgraded Lendingtree from a sell rating to a buy rating and set a $362.00 price objective for the company in a research report on Wednesday, April 25th. BidaskClub lowered Lendingtree from a strong-buy rating to a buy rating in a research report on Friday, March 30th. Royal Bank of Canada restated a buy rating on shares of Lendingtree in a research report on Friday, July 27th. Finally, SunTrust Banks cut their price objective on Lendingtree to $310.00 and set a hold rating for the company in a research report on Friday, April 27th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The stock has an average rating of Hold and a consensus price target of $331.81.
Shares of TREE traded down $2.35 during mid-day trading on Friday, reaching $245.80. The company had a trading volume of 126,239 shares, compared to its average volume of 239,986. The stock has a market cap of $3.18 billion, a P/E ratio of 88.31, a P/E/G ratio of 1.64 and a beta of 1.78. Lendingtree has a 52 week low of $205.45 and a 52 week high of $404.40. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.70.
In other Lendingtree news, Director Robin Henderson sold 270 shares of the firm’s stock in a transaction dated Thursday, June 7th. The shares were sold at an average price of $269.00, for a total value of $72,630.00. Following the completion of the sale, the director now owns 1,005 shares of the company’s stock, valued at $270,345. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Douglas R. Lebda sold 14,750 shares of the firm’s stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $273.75, for a total transaction of $4,037,812.50. Following the completion of the sale, the chief executive officer now directly owns 534,354 shares of the company’s stock, valued at approximately $146,279,407.50. The disclosure for this sale can be found here. In the last three months, insiders sold 281,432 shares of company stock valued at $70,338,681. 20.50% of the stock is owned by insiders.
Several large investors have recently modified their holdings of TREE. Baillie Gifford & Co. increased its position in shares of Lendingtree by 81.1% during the first quarter. Baillie Gifford & Co. now owns 1,266,717 shares of the financial services provider’s stock worth $415,673,000 after acquiring an additional 567,195 shares during the period. Victory Capital Management Inc. increased its position in shares of Lendingtree by 150.9% during the second quarter. Victory Capital Management Inc. now owns 286,528 shares of the financial services provider’s stock worth $61,259,000 after acquiring an additional 172,310 shares during the period. FMR LLC purchased a new position in shares of Lendingtree during the second quarter worth approximately $25,742,000. Nikko Asset Management Americas Inc. increased its position in shares of Lendingtree by 39.6% during the second quarter. Nikko Asset Management Americas Inc. now owns 381,155 shares of the financial services provider’s stock worth $81,491,000 after acquiring an additional 108,057 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Lendingtree by 38.4% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 377,933 shares of the financial services provider’s stock worth $80,802,000 after acquiring an additional 104,835 shares during the period. 77.65% of the stock is currently owned by institutional investors and hedge funds.
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.
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