Brighton Jones LLC Acquires 10,016 Shares of LendingClub Co. (NYSE:LC)

Brighton Jones LLC lifted its holdings in shares of LendingClub Co. (NYSE:LC) by 2.3% during the 4th quarter, Holdings Channel reports. The firm owned 454,817 shares of the credit services provider’s stock after purchasing an additional 10,016 shares during the period. Brighton Jones LLC’s holdings in LendingClub were worth $3,975,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Ursa Fund Management LLC bought a new position in LendingClub in the fourth quarter valued at approximately $743,000. New York State Common Retirement Fund increased its stake in LendingClub by 36.7% in the fourth quarter. New York State Common Retirement Fund now owns 45,209 shares of the credit services provider’s stock valued at $395,000 after acquiring an additional 12,140 shares during the last quarter. RIA Advisory Group LLC bought a new position in LendingClub in the fourth quarter valued at approximately $158,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in LendingClub by 92.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,080 shares of the credit services provider’s stock valued at $263,000 after acquiring an additional 14,413 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in LendingClub by 363.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 6,999 shares of the credit services provider’s stock valued at $61,000 after acquiring an additional 5,489 shares during the last quarter. 74.08% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Wedbush restated an “outperform” rating and issued a $11.00 target price on shares of LendingClub in a research report on Wednesday, January 31st. StockNews.com lowered shares of LendingClub from a “hold” rating to a “sell” rating in a research report on Friday, March 22nd. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.30.

LendingClub Stock Down 3.7 %

NYSE:LC traded down $0.29 on Tuesday, reaching $7.52. 2,847,713 shares of the stock traded hands, compared to its average volume of 1,436,227. The company’s fifty day simple moving average is $8.18 and its 200 day simple moving average is $7.58. LendingClub Co. has a 12 month low of $4.73 and a 12 month high of $10.92. The company has a market capitalization of $835.62 million, a price-to-earnings ratio of 21.00 and a beta of 1.98. The company has a current ratio of 0.89, a quick ratio of 0.83 and a debt-to-equity ratio of 0.01.

LendingClub (NYSE:LC) last announced its earnings results on Tuesday, January 30th. The credit services provider reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.07. The business had revenue of $185.60 million during the quarter, compared to analysts’ expectations of $182.13 million. LendingClub had a net margin of 4.50% and a return on equity of 3.21%. The firm’s revenue was down 29.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share. Equities analysts predict that LendingClub Co. will post 0.23 EPS for the current fiscal year.

LendingClub Profile

LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.