Lendingclub Corp. (LC) Holding Has Lifted by Harbourvest Partners Llc; Diageo P L C (DEO) Holder Clarkston Capital Partners Trimmed Its Position as Share Value Rose

February 18, 2018 - By Stephen Andrade

Clarkston Capital Partners Llc decreased its stake in Diageo P L C (DEO) by 3.46% based on its latest 2017Q3 regulatory filing with the SEC. Clarkston Capital Partners Llc sold 8,040 shares as the company’s stock rose 5.26% with the market. The institutional investor held 224,332 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $29.64M, down from 232,372 at the end of the previous reported quarter. Clarkston Capital Partners Llc who had been investing in Diageo P L C for a number of months, seems to be less bullish one the $80.49B market cap company. The stock increased 0.10% or $0.14 during the last trading session, reaching $140.5. About 255,493 shares traded. Diageo plc (NYSE:DEO) has risen 12.82% since February 18, 2017 and is uptrending. It has underperformed by 3.88% the S&P500.

Harbourvest Partners Llc increased its stake in Lendingclub Corp. (LC) by 15.26% based on its latest 2017Q3 regulatory filing with the SEC. Harbourvest Partners Llc bought 290,000 shares as the company’s stock rose 0.53% with the market. The institutional investor held 2.19M shares of the consumer services company at the end of 2017Q3, valued at $13.34M, up from 1.90M at the end of the previous reported quarter. Harbourvest Partners Llc who had been investing in Lendingclub Corp. for a number of months, seems to be bullish on the $1.64 billion market cap company. The stock increased 0.25% or $0.01 during the last trading session, reaching $3.95. About 2.05M shares traded. LendingClub Corporation (NYSE:LC) has risen 52.97% since February 18, 2017 and is uptrending. It has outperformed by 36.27% the S&P500.

Clarkston Capital Partners Llc, which manages about $457.76 million and $2.43B US Long portfolio, upped its stake in Amerisourcebergen Corp (NYSE:ABC) by 6,105 shares to 89,063 shares, valued at $7.37 million in 2017Q3, according to the filing. It also increased its holding in Post Hldgs Inc (NYSE:POST) by 29,387 shares in the quarter, for a total of 505,047 shares, and has risen its stake in General Electric Co (NYSE:GE).

Among 26 analysts covering Diageo (NYSE:DEO), 16 have Buy rating, 3 Sell and 7 Hold. Therefore 62% are positive. Diageo had 42 analyst reports since July 31, 2015 according to SRatingsIntel. The company was downgraded on Thursday, May 25 by Citigroup. Berenberg maintained the shares of DEO in report on Friday, July 31 with “Buy” rating. The rating was maintained by JP Morgan on Friday, July 31 with “Neutral”. The stock of Diageo plc (NYSE:DEO) has “Hold” rating given on Friday, October 16 by HSBC. The stock has “Hold” rating by Berenberg on Wednesday, September 13. The firm earned “Buy” rating on Friday, July 31 by Deutsche Bank. On Tuesday, January 12 the stock rating was downgraded by Stifel Nicolaus to “Hold”. Societe Generale upgraded the stock to “Buy” rating in Monday, June 26 report. Sterne Agee CRT initiated the shares of DEO in report on Tuesday, July 21 with “Buy” rating. The stock of Diageo plc (NYSE:DEO) has “Neutral” rating given on Tuesday, June 28 by Goldman Sachs.

Among 25 analysts covering LendingClub Corporation (NYSE:LC), 7 have Buy rating, 0 Sell and 18 Hold. Therefore 28% are positive. LendingClub Corporation had 63 analyst reports since July 31, 2015 according to SRatingsIntel. Keefe Bruyette & Woods upgraded the shares of LC in report on Wednesday, January 10 to “Hold” rating. The rating was upgraded by Guggenheim to “Buy” on Thursday, March 16. FBR Capital maintained LendingClub Corporation (NYSE:LC) on Friday, October 14 with “Mkt Perform” rating. Wood upgraded it to “Market Perform” rating and $5 target in Wednesday, June 8 report. The firm has “Positive” rating by Susquehanna given on Monday, May 1. Compass Point maintained LendingClub Corporation (NYSE:LC) on Wednesday, August 5 with “Sell” rating. Citigroup maintained LendingClub Corporation (NYSE:LC) on Tuesday, August 9 with “Neutral” rating. On Tuesday, August 8 the stock rating was maintained by Stifel Nicolaus with “Hold”. Oppenheimer upgraded LendingClub Corporation (NYSE:LC) on Thursday, August 3 to “Buy” rating. On Wednesday, June 8 the stock rating was upgraded by Keefe Bruyette & Woods to “Market Perform”.

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.10, from 1.29 in 2017Q2. It dived, as 26 investors sold LC shares while 42 reduced holdings. 23 funds opened positions while 58 raised stakes. 337.60 million shares or 4.08% more from 324.35 million shares in 2017Q2 were reported. Moreover, Comerica Bancshares has 0% invested in LendingClub Corporation (NYSE:LC) for 11,492 shares. California State Teachers Retirement Sys has 509,292 shares for 0.01% of their portfolio. Metropolitan Life Insur Company New York has 0.01% invested in LendingClub Corporation (NYSE:LC). Evercore Wealth Limited Liability has invested 0.02% of its portfolio in LendingClub Corporation (NYSE:LC). 38,276 were accumulated by Partner Investment Mngmt L P. Hap Trading Ltd Liability Company invested in 0.01% or 45,787 shares. Raymond James And Assocs holds 14,625 shares. Tiaa Cref Inv Mngmt Lc, a New York-based fund reported 825,418 shares. Sands Cap Management Llc invested in 0.43% or 23.73 million shares. Natixis reported 246,403 shares. 188,220 are held by Davis Selected Advisers. Evergreen Cap Ltd holds 458,850 shares or 0.33% of its portfolio. Eaton Vance Mgmt has 79,691 shares. National Bank & Trust Of America De accumulated 3.68 million shares. 260,552 are held by Wells Fargo & Com Mn.

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By1 Stephen Andrade

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