Joel Isaacson & Co. LLC decreased its stake in shares of LendingClub Co. (NYSE:LC - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 218,801 shares of the credit services provider's stock after selling 36,000 shares during the period. Joel Isaacson & Co. LLC owned about 0.19% of LendingClub worth $3,542,000 at the end of the most recent quarter.
Other institutional investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC increased its stake in LendingClub by 212.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 345,079 shares of the credit services provider's stock valued at $2,919,000 after buying an additional 234,611 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of LendingClub by 223.0% in the third quarter. SG Americas Securities LLC now owns 39,866 shares of the credit services provider's stock valued at $456,000 after acquiring an additional 27,522 shares in the last quarter. Creative Planning increased its position in shares of LendingClub by 20.3% during the third quarter. Creative Planning now owns 33,695 shares of the credit services provider's stock valued at $385,000 after acquiring an additional 5,695 shares during the last quarter. AlphaMark Advisors LLC bought a new stake in LendingClub during the third quarter worth $32,000. Finally, Blue Trust Inc. boosted its position in LendingClub by 259.8% in the third quarter. Blue Trust Inc. now owns 7,267 shares of the credit services provider's stock worth $83,000 after purchasing an additional 5,247 shares during the last quarter. Institutional investors own 74.08% of the company's stock.
Insider Buying and Selling at LendingClub
In other LendingClub news, Director Michael P. Zeisser acquired 20,000 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were bought at an average price of $12.88 per share, for a total transaction of $257,600.00. Following the completion of the transaction, the director now owns 148,018 shares of the company's stock, valued at approximately $1,906,471.84. This represents a 15.62 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott Sanborn sold 17,000 shares of the company's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $16.12, for a total value of $274,040.00. Following the completion of the transaction, the chief executive officer now owns 1,312,184 shares in the company, valued at $21,152,406.08. This represents a 1.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,000 shares of company stock valued at $777,240 in the last quarter. 3.31% of the stock is currently owned by corporate insiders.
LendingClub Price Performance
Shares of NYSE:LC traded down $0.08 during trading on Wednesday, hitting $13.17. 1,360,403 shares of the company were exchanged, compared to its average volume of 2,195,036. LendingClub Co. has a 52-week low of $7.48 and a 52-week high of $18.75. The stock has a 50 day moving average of $15.85 and a 200 day moving average of $13.74. The company has a market cap of $1.48 billion, a PE ratio of 29.27 and a beta of 2.00.
Analyst Ratings Changes
Several brokerages have recently issued reports on LC. Keefe, Bruyette & Woods reiterated an "outperform" rating and set a $16.00 target price (down from $17.00) on shares of LendingClub in a research note on Wednesday, January 29th. StockNews.com lowered shares of LendingClub from a "hold" rating to a "sell" rating in a research report on Friday, October 25th. Compass Point increased their target price on shares of LendingClub from $15.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, October 25th. JPMorgan Chase & Co. restated a "neutral" rating and set a $17.00 price target (up previously from $14.00) on shares of LendingClub in a research note on Monday, December 2nd. Finally, Wedbush upped their price objective on LendingClub from $14.00 to $17.00 and gave the company an "outperform" rating in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat.com, LendingClub has an average rating of "Moderate Buy" and a consensus target price of $16.38.
View Our Latest Stock Report on LC
About LendingClub
(
Free Report)
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.
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