TCW Group Inc. Has $4.85 Million Position in LendingClub Co. (NYSE:LC)

TCW Group Inc. decreased its holdings in shares of LendingClub Co. (NYSE:LC - Free Report) by 61.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 299,241 shares of the credit services provider's stock after selling 472,100 shares during the quarter. TCW Group Inc. owned approximately 0.27% of LendingClub worth $4,845,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC boosted its holdings in LendingClub by 32.1% in the third quarter. FMR LLC now owns 5,865 shares of the credit services provider's stock worth $67,000 after purchasing an additional 1,424 shares in the last quarter. Blue Trust Inc. grew its stake in LendingClub by 259.8% in the 3rd quarter. Blue Trust Inc. now owns 7,267 shares of the credit services provider's stock valued at $83,000 after buying an additional 5,247 shares during the last quarter. Sanctuary Advisors LLC bought a new position in LendingClub in the 4th quarter worth $164,000. Vontobel Holding Ltd. acquired a new position in LendingClub during the 4th quarter worth $166,000. Finally, Princeton Capital Management LLC bought a new stake in LendingClub during the third quarter valued at about $171,000. Institutional investors and hedge funds own 74.08% of the company's stock.

Analyst Upgrades and Downgrades

LC has been the subject of several research analyst reports. Piper Sandler reissued an "overweight" rating and set a $19.00 price objective (down previously from $20.00) on shares of LendingClub in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $17.00 price objective (up from $14.00) on shares of LendingClub in a report on Monday, December 2nd. Finally, Keefe, Bruyette & Woods reiterated an "outperform" rating and issued a $16.00 price target (down from $17.00) on shares of LendingClub in a research report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $16.38.

LendingClub Trading Down 0.9 %

NYSE LC traded down $0.12 during trading hours on Thursday, reaching $12.53. 1,370,829 shares of the company's stock were exchanged, compared to its average volume of 2,112,207. LendingClub Co. has a one year low of $7.48 and a one year high of $18.75. The stock has a market cap of $1.42 billion, a PE ratio of 27.83 and a beta of 2.01. The firm has a fifty day moving average of $15.19 and a 200-day moving average of $13.92.

Insider Buying and Selling

In other news, Director Michael P. Zeisser purchased 20,000 shares of the firm's stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average price of $12.88 per share, for a total transaction of $257,600.00. Following the completion of the acquisition, the director now directly owns 148,018 shares in the company, valued at approximately $1,906,471.84. The trade was a 15.62 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Scott Sanborn sold 17,000 shares of LendingClub stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $15.84, for a total value of $269,280.00. Following the completion of the sale, the chief executive officer now owns 1,329,184 shares of the company's stock, valued at approximately $21,054,274.56. The trade was a 1.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 58,000 shares of company stock worth $875,940 in the last 90 days. Corporate insiders own 3.31% of the company's stock.

LendingClub Company 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.