LendingClub Corp (LC) Position Increased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. increased its holdings in shares of LendingClub Corp (NYSE:LC) by 6.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 89,307 shares of the credit services provider’s stock after purchasing an additional 5,771 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in LendingClub were worth $235,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Vanguard Group Inc grew its position in LendingClub by 7.1% in the 3rd quarter. Vanguard Group Inc now owns 33,949,574 shares of the credit services provider’s stock valued at $131,725,000 after acquiring an additional 2,264,051 shares in the last quarter. Vanguard Group Inc. grew its position in LendingClub by 7.1% in the 3rd quarter. Vanguard Group Inc. now owns 33,949,574 shares of the credit services provider’s stock valued at $131,725,000 after acquiring an additional 2,264,051 shares in the last quarter. BlackRock Inc. grew its position in LendingClub by 9.7% in the 3rd quarter. BlackRock Inc. now owns 25,385,982 shares of the credit services provider’s stock valued at $98,498,000 after acquiring an additional 2,237,190 shares in the last quarter. Morgan Stanley grew its position in LendingClub by 10.7% in the 3rd quarter. Morgan Stanley now owns 17,352,815 shares of the credit services provider’s stock valued at $67,329,000 after acquiring an additional 1,671,096 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in LendingClub by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 13,088,195 shares of the credit services provider’s stock valued at $34,423,000 after acquiring an additional 177,193 shares in the last quarter. 88.58% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut LendingClub from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Wedbush set a $4.00 price objective on LendingClub and gave the company a “hold” rating in a research note on Wednesday, February 20th. Maxim Group reiterated a “buy” rating and issued a $4.50 price objective on shares of LendingClub in a research note on Wednesday, February 20th. Finally, ValuEngine upgraded LendingClub from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $4.75.

In other LendingClub news, CFO Thomas W. Casey bought 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was purchased at an average price of $2.98 per share, for a total transaction of $44,700.00. Following the completion of the purchase, the chief financial officer now directly owns 190,805 shares in the company, valued at $568,598.90. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bahman Koohestani sold 17,563 shares of the business’s stock in a transaction that occurred on Thursday, February 28th. The stock was sold at an average price of $2.98, for a total value of $52,337.74. Following the sale, the insider now owns 114,754 shares of the company’s stock, valued at approximately $341,966.92. The disclosure for this sale can be found here. Insiders sold a total of 143,063 shares of company stock valued at $457,743 in the last quarter. Company insiders own 4.04% of the company’s stock.

Shares of LC opened at $3.33 on Wednesday. The company has a debt-to-equity ratio of 2.71, a current ratio of 5.81 and a quick ratio of 4.37. The stock has a market capitalization of $1.40 billion, a PE ratio of -47.57 and a beta of 1.67. LendingClub Corp has a 1 year low of $2.46 and a 1 year high of $4.55.

LendingClub (NYSE:LC) last announced its quarterly earnings data on Tuesday, February 19th. The credit services provider reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.02. The business had revenue of $181.52 million during the quarter, compared to analysts’ expectations of $181.84 million. LendingClub had a negative return on equity of 3.34% and a negative net margin of 18.47%. As a group, sell-side analysts expect that LendingClub Corp will post -0.02 EPS for the current year.

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LendingClub Profile

LendingClub Corporation operates an online lending marketplace platform that connects borrowers and investors in the United States. The company's marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient installment loans, auto refinance loans, and small business loans.

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Institutional Ownership by Quarter for LendingClub (NYSE:LC)

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