4. QUALITY EDUCATION

LendingClub Co. (NYSE:LC) Director Allan R. Landon Buys 5000 Shares – MarketBeat

Written by Amanda

LendingClub Co. (NYSE:LC) Director Allan R. Landon Buys 5000 Shares  MarketBeat

LendingClub Co. (NYSE:LCGet Rating) Director Allan R. Landon acquired 5,000 shares of LendingClub stock in a transaction that occurred on Wednesday, November 2nd. The stock was acquired at an average price of $10.01 per share, with a total value of $50,050.00. Following the completion of the acquisition, the director now directly owns 28,340 shares in the company, valued at approximately $283,683.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

LendingClub Stock Performance

NYSE:LC traded up $0.26 on Friday, hitting $9.61. The stock had a trading volume of 1,903,072 shares, compared to its average volume of 2,121,236. The stock has a market cap of $1.01 billion, a price-to-earnings ratio of 3.43 and a beta of 1.91. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 0.11. The business’s 50-day simple moving average is $11.85 and its two-hundred day simple moving average is $13.25. LendingClub Co. has a 52-week low of $9.34 and a 52-week high of $48.13.

LendingClub (NYSE:LCGet Rating) last announced its earnings results on Wednesday, October 26th. The credit services provider reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $304.91 million for the quarter, compared to analysts’ expectations of $294.95 million. LendingClub had a return on equity of 22.60% and a net margin of 24.88%. As a group, research analysts predict that LendingClub Co. will post 1.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC purchased a new position in shares of LendingClub during the 1st quarter valued at about $30,000. PNC Financial Services Group Inc. lifted its position in shares of LendingClub by 367.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,607 shares of the credit services provider’s stock valued at $41,000 after buying an additional 2,049 shares in the last quarter. Point72 Hong Kong Ltd lifted its position in shares of LendingClub by 251.3% during the 1st quarter. Point72 Hong Kong Ltd now owns 3,861 shares of the credit services provider’s stock valued at $61,000 after buying an additional 2,762 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of LendingClub by 45.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 4,232 shares of the credit services provider’s stock valued at $67,000 after buying an additional 1,329 shares in the last quarter. Finally, New York State Teachers Retirement System purchased a new position in shares of LendingClub during the 3rd quarter valued at about $97,000. 81.80% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Credit Suisse Group reduced their price objective on LendingClub from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, July 28th. Maxim Group reduced their price objective on LendingClub from $40.00 to $20.00 and set a “buy” rating for the company in a report on Monday. StockNews.com assumed coverage on LendingClub in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Wedbush reduced their price objective on LendingClub from $20.00 to $15.00 in a report on Thursday, October 27th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, LendingClub presently has an average rating of “Moderate Buy” and an average price target of $21.75.

About LendingClub

(Get Rating)

LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans.

See Also

Insider Buying and Selling by Quarter for LendingClub (NYSE:LC)

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About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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