The CEO and founder of LendingTree Inc. sold nearly $4.8 million in stock in the company this week, according to a Wednesday filing with the Securities and Exchange Commission.

Douglas Lebda sold 14,750 shares at a price range of $318.75 to $328.25 on Wednesday. The total profit was $4,787,211.

He still owns 518,228 shares of common stock worth over $169 million.

Lebda is a frequent seller of stock. In 2017, he sold stocks at least 10 times. This is the third time in 2018 that he has sold stock. The last he sold stock was Feb. 26 and Feb. 27 when he sold 132 shares worth over $45,000.

Lebda founded the company in 1996 and has served as CEO since 2007.

LendingTree is a platform that connects customers with various lenders for competing loan options. The company includes options for a number of loan services including personal, business and auto loans.

LendingTree stock closed at $327.85, up 2.6 percent from its opening at $319.40.