Company shares last traded at $268.05 which is marginally over $244.00, the stock’s 50 day moving average and significantly higher than the 200 day moving average of $197.41. The 50 day moving average went up by +9.85% and the 200 day average went up $70.64 or +35.78%. Trading volume for LendingTree, Inc. was 197K on Tuesday. Volume was down 13.66% under the stocks average daily volume.
Traders are a little more bearish on the company as shown by the motion in short interest. The firm had a rise in short interest of 2.03% between September 29, 2017 and October 13, 2017. Short shares grew 26,277 over that period. The days to cover decreased to 7.0 and the percentage of shorted shares is 0.11% as of October 13.
There has been some selling insider activity on LendingTree, Inc. (NASDAQ:TREE) recently. Director Steven Ozonian sold 2,000 shares at an average price of $265.08 on Fri the 27th. That brings the Director’s holdings to $2,486,185 as reported to the SEC. President Neil Salvage sold 1,500 shares at an average price of $267.08 on October 27th. The President now owns $3,447,202 of the stock as recorded in a recent Form 4 SEC filing.
Douglas R. Lebda, Chairman disclosed the sale of 4,000 shares of TREE stock. The shares were purchased at an average price of $224.25. The Chairman now owns $108,092,537 of the stock per the Form 4 SEC filing.
These funds have shifted positions in (TREE). As of the end of the quarter First Trust Advisors Lp had sold a total of 4,282 shares trimming its holdings by 23.3%. The value of the company’s investment in LendingTree, Inc. went from $3,167,000 to $3,450,000 a change of $283,000 quarter over quarter. As of quarter end Victory Capital Management Inc had disposed of 20,640 shares trimming its position 32.5%. The value of the investment in (TREE) decreased from $10,936,000 to $10,479,000 a change of 4.2% for the reporting period.
As of quarter end Sumitomo Mitsui Asset Management Company, Ltd had disposed of 15,670 shares trimming its stake by 6.5%. The value of the investment in TREE went from $41,568,000 to $55,178,000 increasing 32.7% since the last quarter. Simplex Trading, LLC cut its position by shedding 1,366 shares a decrease of 28.2% from 06/30/2017 to 09/30/2017. Simplex Trading, LLC currently owns 3,477 shares with a value of $849,000. The total value of its holdings increased 1.9%.
BWS Financial both downgraded the stock and raised the price target on October 12 boosting the price target from $150.00 to $194.00 and setting the rating at “Sell” which had previously been “Buy”. On October 12 the company was downgraded to “Sell” from “Buy” with a current price target of $194.00 by BWS Financial.
The company currently has a P/E ratio of 125.14 and the market cap of the company is 3.22B. In the last earnings report the EPS was $2.14 and is expected to be $3.85 for the current year with 11,998,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $1.07 and the next full year EPS is anticipated to be $4.94.
LendingTree, Inc. (LendingTree), launched on April 14, 2008, is involved in operating an online loan marketplace for consumers seeking loans and other credit-based offerings. The Business’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. In addition, the Company offers tools and resources, including free credit scores that facilitate comparison shopping for these loans and other credit-based offerings. The Company offers its products in categories, including mortgage products and non-mortgage products..