Lendingtree, Inc. (TREE): Nikul Patel , Chief Operating Officer of Lendingtree, Inc. sold 2,500 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $88.17 per share for a total value of $220,425.00 , 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 16, 2016, Douglas R Lebda (CEO) purchased 5,000 shares at $67.67 per share price.On May 13, 2016, Saras Sarasvathy (director) purchased 300 shares at $67.76 per share price.Also, On May 13, 2016, Craig Troyer (director) purchased 500 shares at $68.07 per share price.On May 13, 2016, Peter Horan (director) purchased 300 shares at $67.25 per share price.
Shares of Lendingtree Inc (TREE) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -3.22 points or -3.53% at $87.93 with 5,94,128 shares getting traded. Post opening the session at $89.63, the shares hit an intraday low of $85.4 and an intraday high of $90.775 and the price vacillated in this range throughout the day. The company has a market cap of $1,045 M and the number of outstanding shares has been calculated to be 1,18,79,348 shares. The 52-week high of Lendingtree Inc is $139.5849 and the 52-week low is $52.11.
Company has been under the radar of several Street Analysts.Lendingtree Inc is Initiated by Compass Point to Buy and the brokerage firm has set the Price Target at $100. The Rating was issued on Jun 2, 2016.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.