November 28, 2016 - By Clifton Ray
In consideration of trade Neil Salvage made he is in in the stock market eye today. The Chief Revenue Officer of Lendingtree Inc and an insider, made a sale of 1,500 shares worth $160,665 U.S Dollars. The average price was $107.1 per share. He also sold 2,000 shares worth approximately $204,760 USD in the last month. Right now, he has in hand a total of 13,793 shares or 0.12% 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 23.58% above today’s ($107.8) stock price. LendingTree has been the topic of 16 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was maintained by Needham with “Buy” on Tuesday, August 4. Compass Point initiated the stock with “Buy” rating in Thursday, June 2 report. The firm has “Buy” rating by SunTrust given on Monday, November 9. The firm earned “Buy” rating on Monday, November 16 by Guggenheim. The stock of Lendingtree Inc (NASDAQ:TREE) earned “Buy” rating by Bank of America on Thursday, December 10. The stock has “Outperform” rating given by RBC Capital Markets on Friday, November 18. On Friday, September 16 the stock rating was maintained by Mizuho with “Buy”. The firm has “Buy” rating by Loop Capital given on Wednesday, October 12. The company was maintained on Friday, October 28 by Mizuho. The firm has “Buy” rating by Needham given on Tuesday, October 27.
Insitutional Activity: The institutional sentiment decreased to 0.95 in 2016 Q2. Its down 0.18, from 1.13 in 2016Q1. The ratio turned negative, 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.
Goldman Sachs Group Incorporated has invested 0% of its portfolio in Lendingtree Inc (NASDAQ:TREE). Sei Invests, a Pennsylvania-based fund reported 65,292 shares. Peak6 Investments Limited Partnership has invested 0.01% of its portfolio in Lendingtree Inc (NASDAQ:TREE). New York State Teachers Retirement Systems last reported 18,457 shares in the company. Tcs Cap Mgmt Limited Liability accumulated 3.12% or 59,000 shares. Us Savings Bank De owns 1,411 shares or 0% of their US portfolio. Schwab Charles holds 24,399 shares or 0% of its portfolio. Metropolitan Life Ins holds 0% or 4,344 shares in its portfolio. Cipher Limited Partnership owns 4,156 shares or 0.03% of their US portfolio. Manufacturers Life Ins The, a Ontario – Canada-based fund reported 4,474 shares. Sg Americas Securities Ltd, a New York-based fund reported 2,791 shares. Key Colony Management Llc has 4,000 shares for 0.45% of their US portfolio. The Michigan-based Arcadia Mgmt Mi has invested 0.01% in Lendingtree Inc (NASDAQ:TREE). Principal Fincl Grp Inc Inc reported 48,482 shares or 0.01% of all its holdings. Gabelli Funds Limited Liability Company accumulated 57,000 shares or 0.03% of the stock.
Insider Transactions: Since June 7, 2016, the stock had 0 buys, and 6 selling transactions for $2.51 million net activity. The insider Salvage Neil sold 2,000 shares worth $204,760. The insider Dalporto Gabriel sold $822,112. OZONIAN STEVEN sold 3,000 shares worth $305,550. 2,500 shares were sold by Patel Nikul, worth $220,425.
The stock increased 1.17% or $1.25 on November 25, hitting $107.8. Lendingtree Inc (NASDAQ:TREE) has risen 18.64% since April 25, 2016 and is uptrending. It has outperformed by 12.63% 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 $1.29 billion. The Firm offers a range of loan types and other credit offerings for its consumers. It has a 25.2 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 earnings per share, down 80.16% or $2.02 from last year’s $2.52 per share. TREE’s profit will be $5.98 million for 53.90 P/E if the $0.50 EPS becomes a reality. After $0.80 actual earnings per share reported by Lendingtree Inc for the previous quarter, Wall Street now forecasts -37.50% negative EPS growth.
More news for Lendingtree Inc (NASDAQ:TREE) were recently published by: Prnewswire.com, which released: “LendingTree, Inc. to Host Investor and Analyst Day on December 13, 2016” on October 25, 2016. Prnewswire.com‘s article titled: “LendingTree Reports Q3 2016 Results” and published on October 27, 2016 is yet another important article.
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 Clifton Ray