Lendingtree Inc (TREE) President Neil Salvage Sells 9,468 Shares

LendingTree, Inc. engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It provides mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans, and small business loans.

ValuEngine lowered shares of Lendingtree (NASDAQ:TREE) from a buy rating to a hold rating in a research note published on Monday morning, ValuEngine reports. A number of other research analysts have also issued reports on the company. Compass Point restated a buy rating and set a $345.00 price objective (up previously from $305.00) on shares [.]

Lendingtree Inc (nasdaq:tree) president neil Salvage sold 4,468 shares of the company’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $378.05, for a total value of $1,689,127.40. Following the completion of the transaction, the president now owns 13,569 shares of the company’s stock, valued at $5,129,760.45.

Mr. Neil Salvage is General Manager at Perform Local, Inc. and President at LendingTree, Inc. Mr. Salvage was previously employed as Executive Vice President-Sales & Service by Citysearch, Inc.

Business Description LendingTree, Inc. engages in the operation of online loan marketplace for consumers seeking loans and other credit-based offerings. It provides mortgage loans, home equity, reverse mortgage, auto loans, credit cards, personal loans, student loans, and small business loans.

P.A.W. Capital Corp lowered its stake in Lendingtree Inc (NASDAQ:TREE) by 20.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,000 shares of the financial services provider’s stock after selling 1,000 shares during the period.

LendingTree’s share price is above the future cash flow value, it’s not available at a substantial discount (< 40%). Price Based on Earnings LendingTree is overvalued based on earnings compared to the US mortgage industry average.

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Such explosive growth has propelled LendingTree’s stock into the stratosphere. As of late August, its shares had soared 120% this year, to $223. Since going public in 2008, LendingTree (TREE. says.

Lendingtree Inc (NASDAQ:TREE) president neil salvage sold 20,405 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was sold at an average price of $435.37, for a total transaction of $8,883,724.85. Following the completion of the transaction, the president now owns 14,506 shares in the company, valued at approximately [.]

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