November 23, 2016 - By Nellie Frank
Nikul Patel is the Chief Operating Officer of Lendingtree Inc. He recently made a sale of 2,000 shares in the ‘s company with the transaction value totalling roughly $209,500 U.S. Dollars. The number is according to the revealed price of $104.8 for share. In the last month, he also unloaded 7,500 shares with value $747,000 USD. At present, Nikul Patel owns 21,000 shares which are exactly 0.17% of Lendingtree Inc’s total market capitalization.
Out of 10 analysts covering LendingTree (NASDAQ:TREE), 10 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $150 is the highest target while $100 is the lowest. The $133.22 average target is 26.27% above today’s ($105.5) stock price. LendingTree has been the topic of 16 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock of Lendingtree Inc (NASDAQ:TREE) has “Buy” rating given on Wednesday, November 18 by Topeka Capital Markets. As per Thursday, June 2, the company rating was initiated by Compass Point. The company was maintained on Friday, September 16 by Mizuho. Loop Capital maintained Lendingtree Inc (NASDAQ:TREE) rating on Wednesday, October 12. Loop Capital has “Buy” rating and $145 price target. The firm has “Outperform” rating given on Friday, November 18 by RBC Capital Markets. The rating was initiated by RBC Capital Markets with “Outperform” on Monday, November 9. The stock has “Neutral” rating given by Bank of America on Wednesday, November 18. The firm has “Buy” rating by SunTrust given on Monday, November 9. Needham maintained Lendingtree Inc (NASDAQ:TREE) on Tuesday, October 27 with “Buy” rating. The stock of Lendingtree Inc (NASDAQ:TREE) earned “Buy” rating by Bank of America on Thursday, December 10.
Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.18, from 1.13 in 2016Q1. The ratio dropped, as 40 funds sold all Lendingtree Inc shares owned while 40 reduced positions. 27 funds bought stakes while 63 increased positions. They now own 9.37 million shares or 1.54% more from 9.23 million shares in 2016Q1.
Ardsley Advisory accumulated 1.07% or 70,000 shares. Emerald Advisers Pa holds 1.14% of its portfolio in Lendingtree Inc (NASDAQ:TREE) for 268,030 shares. Eagle Asset Mgmt holds 33,195 shares or 0.02% of its portfolio. The Massachusetts-based Redwood Invests Limited Liability Com has invested 0.64% in Lendingtree Inc (NASDAQ:TREE). Menta Lc has 0.04% invested in the company for 3,464 shares. Umb Financial Bank N A Mo last reported 4,500 shares in the company. Rs Company Ltd Llc has invested 0.4% of its portfolio in Lendingtree Inc (NASDAQ:TREE). Parametric Assoc Limited Co has 26,349 shares for 0% of their US portfolio. Moreover, Great West Life Assurance Can has 0% invested in Lendingtree Inc (NASDAQ:TREE) for 800 shares. Mackenzie Finance Corporation holds 0.01% of its portfolio in Lendingtree Inc (NASDAQ:TREE) for 20,071 shares. Dorsal Capital Mgmt Limited Liability has 50,000 shares for 0.33% of their US portfolio. Moreover, Arcadia Invest Mgmt Corporation Mi has 0.01% invested in Lendingtree Inc (NASDAQ:TREE) for 202 shares. Passport Capital Ltd Limited Liability Company owns 270,364 shares or 0.44% of their US portfolio. Macquarie Group Limited, a Australia-based fund reported 170,848 shares. Advisory Svcs Net Lc last reported 4,974 shares in the company.
Insider Transactions: Since June 7, 2016, the stock had 0 buys, and 5 insider sales for $2.30 million net activity. Shares for $204,760 were sold by Salvage Neil on Monday, November 21. 7,500 shares were sold by Patel Nikul, worth $747,000. Another trade for 8,425 shares valued at $822,112 was sold by Dalporto Gabriel. $305,550 worth of Lendingtree Inc (NASDAQ:TREE) was sold by OZONIAN STEVEN on Monday, November 21.
The stock closed at $105.5 during the last session. It is down 6.19% since April 21, 2016 and is uptrending. It has outperformed by 0.86% the S&P500.
LendingTree, Inc. , formerly Tree.com, Inc., is engaged in operating an online loan marketplace for consumers. The company has a market cap of $1.28 billion. The Firm offers a range of loan types and other credit offerings for its consumers. It has a 24.66 P/E ratio. The Firm operates through Lending activities segment.
According to Zacks Investment Research, “LendingTree is the nation’s leading online loan marketplace, empowering consumers as they comparison-shop across a full suite of loan and credit-based offerings. LendingTree provides an online marketplace which connects consumers with multiple lenders that compete for their business, as well as an array of online tools and information to help consumers find the best loan. Since inception, LendingTree has facilitated more than 55 million loan requests. LendingTree provides free monthly credit scores through My LendingTree and access to its network of over 350 lenders offering home loans, personal loans, credit cards, student loans, business loans, home equity loans/lines of credit, auto loans and more. LendingTree, LLC is a subsidiary of LendingTree, Inc.”
Analysts await Lendingtree Inc (NASDAQ:TREE) to report earnings on February, 23. They expect $0.50 EPS, down 80.16% or $2.02 from last year’s $2.52 per share. TREE’s profit will be $6.07 million for 52.75 P/E if the $0.50 EPS becomes a reality. After $0.80 actual EPS reported by Lendingtree Inc for the previous quarter, Wall Street now forecasts -37.50% negative EPS growth.
More important recent Lendingtree Inc (NASDAQ:TREE) news were published by: Prnewswire.com which released: “LendingTree, Inc. to Host Investor and Analyst Day on December 13, 2016” on October 25, 2016, also Streetinsider.com published article titled: “Form 4 LendingTree, Inc. For: Nov 22 Filed by: Patel Nikul”, Prnewswire.com published: “LendingTree, Inc. to Report Third Quarter Earnings on October 27, 2016” on October 14, 2016. More interesting news about Lendingtree Inc (NASDAQ:TREE) was released by: Prnewswire.com and their article: “LendingTree Reports Q3 2016 Results” with publication date: October 27, 2016.
LendingTree, Inc. (LendingTree), formerly Tree.com, Inc., incorporated on April 14, 2008, is engaged in operating an online loan marketplace for consumers. The Firm offers a range of loan types and other credit offerings for its consumers. The Firm operates through Lending activities segment. The Company’s online marketplace provides clients with access to product offerings from various lenders, which it refers to as Network Lenders, including mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans and small business loans, and other related offerings. In addition, the Company offers tools and resources, including free credit scores that facilitate comparison shopping for these loans and other credit offerings. The Firm allows clients to submit their relevant information to it through an inquiry form, and it seeks to match in-market clients with multiple lenders on its marketplace. The Firm offers its products in categories, including mortgage products and non-mortgage products.
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By Nellie Frank