Lendingtree, Inc. (TREE): Douglas R Lebda , CEO of Lendingtree, Inc. purchased 5,000 shares on May 13, 2016. The Insider buying transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $67.67 per share for a total value of $338,350.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, Saras Sarasvathy (director) purchased 300 shares at $67.76 per share price.On May 13, 2016, Craig Troyer (director) purchased 500 shares at $68.07 per share price.Also, On May 13, 2016, Peter Horan (director) purchased 300 shares at $67.25 per share price.On Mar 8, 2016, Nikul Patel (Chief Operating Officer) sold 4,000 shares at $89.35 per share price.
Lendingtree Inc: On Friday, May 13, 2016 heightened volatility was witnessed in Lendingtree Inc which led to swings in the share price. The shares opened for trading at $66.46 and hit $70.79 on the upside , eventually ending the session at $69.69, with a gain of 3.80% or 2.55 points. The heightened volatility saw the trading volume jump to 4,97,472 shares. The 52-week high of the share price is $139.5849 and the company has a market cap of $828 M . The 52-week low of the share price is at $52.11.
Company has been under the radar of several Street Analysts.Lendingtree Inc is Initiated by Mizuho to Buy and the brokerage firm has set the Price Target at $110. The Rating was issued on Mar 30, 2016.
LendingTree Inc. (LendingTree) formerly Tree.com Inc. is engaged in operating an online loan marketplace for consumers an array of loan types and other credit-based offerings. The Company offers consumers tools and resources including free credit scores which help them to comparison-shop for mortgage loans home equity loans and lines of credit reverse mortgages personal loans auto loans student loans credit cards small business loans and other related offerings. And upon submitting their relevant information to the Company through an inquiry form it seeks to match in-market consumers with multiple lenders on its marketplace. The Company operates in four segments: lending auto education and home services. It provides information and tools including free credit scores located on its various Websites. In addition the Company provides consumers with access to offers from multiple lenders.