Here is the rundown on market activity for LendingClub Corporation Common (NYSE:LC). Sameer Gulati, Chief Operations Officer reported the sale of 6,105 shares of (LC). The shares were purchased at an average price of $6.08. Gulati now owns $5,828,847 of the stock per the Form 4 SEC filing. Today Sandeep Bhandari, Chief Credit Officer disclosed the sale of 9,771 shares. The shares were sold on August 29th for an average price of $5.55. The Chief Credit Officer now owns $1,218,780 of the stock according to the SEC filing.
Principle Accounting Officer Bradley Coleman sold 1,943 shares at an average price of $5.60 on August 26th. That brings Coleman’s holdings to $2,607,875 per an SEC filing yesterday.
These funds have also shifted positions in (LC). As of the end of the quarter Evercore Wealth Management, LLC had acquired a total of 1,002,648 shares growing its position 64.9%. The value of the investment in LendingClub Corporation Common decreased from $12,826,000 to $10,956,000 a change of 14.6% quarter to quarter. As of quarter end Macquarie Group Ltd had bought 187,344 shares growing its stake by 3.0%. The value of the investment in LC went from $52,175,000 to $27,836,000 decreasing 46.6% since the last quarter.
As of the end of the quarter Nomura Holdings Inc had acquired a total of 3,344,066 shares growing its holdings by 5,488.0%. The value of the investment in (LC) went from $505,000 to $14,738,000 a change of $14,233,000 quarter over quarter. Royal Bank Of Canada bolstered its ownership by buying 234 shares an increase of 141.0% as of 06/30/2016. Royal Bank Of Canada now controls 400 shares with a value of $2,000. The value of the position overall is up by 100.0%.
June 29 investment analysts at Goldman Sachs made no change to the company rating of “Neutral” and moved up the price target to $4.70 from $4.40. On June 8 the stock rating was upgraded to “Market Perform” from “Sector Weight” with a current price target of $5.00 in an announcement from Keefe Bruyette & Woods.
On May 26, 2016 Macquarie starting coverage on the stock giving it an initial rating of “Neutral”. On May 18 Goldman Sachs made no change to the stock rating of “Neutral” and lowered the price expectation from $22.00 to $4.40.
On May 11, 2016 the stock rating was rated “Sector Weight” in a report from Keefe Bruyette & Woods down from the previous “” rating. On May 10 the company was set at “Sector Weight” according to a Guggenheim Securities report which is down from the previous “” rating.
The company is so far trading up from yesterday’s close of $6.23. It is currently trading at $6.24 barely above $5.63, the 50 day moving average and which is marginally higher than the 200 day moving average of $5.74. The 50 day moving average went up $0.61 or +10.76% whereas the 200 day average was up by +8.76%.
In the latest earnings report the EPS was $-0.19 and is projected to be $-0.15 for the current year with 391,149,000 shares currently outstanding. Next quarter’s EPS is forecasted at $-0.03 with next year’s EPS anticipated to be $0.06.