LendingTree Target of Unusually High Options Trading (NASDAQ:TREE)

LendingTree, Inc. (NASDAQ:TREE) was the target of unusually large options trading on Friday. Stock traders purchased 2,480 put options on the company. This is an increase of 904% compared to the typical volume of 247 put options.

TREE has been the subject of several recent research reports. Zacks Investment Research cut LendingTree from a “hold” rating to a “sell” rating and set a $123.00 price target for the company. in a research report on Wednesday, December 1st. Truist Financial reduced their target price on LendingTree from $275.00 to $250.00 in a research report on Wednesday. Finally, Oppenheimer reduced their target price on LendingTree from $275.00 to $240.00 and set an “outperform” rating for the company in a research report on Friday, October 29th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $250.43.

Shares of TREE stock opened at $114.82 on Friday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 1.09. The business has a 50-day moving average price of $122.62 and a two-hundred day moving average price of $147.78. LendingTree has a 12-month low of $105.00 and a 12-month high of $372.64. The firm has a market cap of $1.53 billion, a P/E ratio of 133.51 and a beta of 1.52.

LendingTree (NASDAQ:TREE) last issued its quarterly earnings results on Thursday, October 28th. The financial services provider reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.56) by $1.31. LendingTree had a negative return on equity of 0.62% and a net margin of 1.22%. The firm had revenue of $297.40 million during the quarter, compared to analyst estimates of $292.57 million. During the same quarter in the previous year, the company posted ($1.33) earnings per share. The company’s revenue was up 35.0% compared to the same quarter last year. As a group, research analysts expect that LendingTree will post -3.27 EPS for the current fiscal year.

In other LendingTree news, insider Neil Salvage sold 4,153 shares of the firm’s stock in a transaction on Tuesday, November 2nd. The stock was sold at an average price of $148.00, for a total value of $614,644.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 16.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in LendingTree by 5.2% during the third quarter. BlackRock Inc. now owns 1,298,796 shares of the financial services provider’s stock worth $181,610,000 after purchasing an additional 63,713 shares during the last quarter. Vanguard Group Inc. lifted its stake in LendingTree by 6.6% during the second quarter. Vanguard Group Inc. now owns 1,083,681 shares of the financial services provider’s stock worth $229,610,000 after purchasing an additional 66,769 shares during the last quarter. FMR LLC lifted its stake in LendingTree by 16.0% during the second quarter. FMR LLC now owns 926,548 shares of the financial services provider’s stock worth $196,317,000 after purchasing an additional 127,978 shares during the last quarter. State Street Corp lifted its stake in LendingTree by 33.4% during the second quarter. State Street Corp now owns 348,042 shares of the financial services provider’s stock worth $73,743,000 after purchasing an additional 87,210 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of LendingTree by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 199,267 shares of the financial services provider’s stock valued at $27,863,000 after acquiring an additional 1,626 shares during the last quarter. 86.39% of the stock is owned by hedge funds and other institutional investors.

LendingTree Company Profile

LendingTree, Inc engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It operates through the following segments: Home, Consumer and Insurance. The Home segment consists of purchase mortgage, refinance mortgage, home equity loans and lines of credit and reverse mortgage loans and real estate.

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