Y Intercept Hong Kong Ltd Invests $393,000 in LendingClub Co. (NYSE:LC)

Y Intercept Hong Kong Ltd acquired a new stake in shares of LendingClub Co. (NYSE:LC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,262 shares of the credit services provider's stock, valued at approximately $393,000.

Several other large investors have also bought and sold shares of the company. Point72 Asset Management L.P. lifted its holdings in shares of LendingClub by 98.1% during the third quarter. Point72 Asset Management L.P. now owns 1,547,342 shares of the credit services provider's stock valued at $17,686,000 after purchasing an additional 766,287 shares in the last quarter. SG Americas Securities LLC raised its position in LendingClub by 699.5% in the 4th quarter. SG Americas Securities LLC now owns 318,745 shares of the credit services provider's stock worth $5,160,000 after buying an additional 278,879 shares during the last quarter. International Assets Investment Management LLC lifted its stake in LendingClub by 813.3% during the 3rd quarter. International Assets Investment Management LLC now owns 181,737 shares of the credit services provider's stock valued at $2,077,000 after acquiring an additional 161,837 shares during the period. Algert Global LLC boosted its holdings in shares of LendingClub by 109.9% during the 3rd quarter. Algert Global LLC now owns 307,133 shares of the credit services provider's stock valued at $3,511,000 after acquiring an additional 160,828 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of LendingClub by 206.6% in the third quarter. Barclays PLC now owns 225,902 shares of the credit services provider's stock worth $2,582,000 after acquiring an additional 152,224 shares during the period. 74.08% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other LendingClub news, Director Michael P. Zeisser bought 20,000 shares of the business's stock in a transaction that occurred on Monday, February 3rd. The stock was purchased at an average cost of $12.88 per share, with a total value of $257,600.00. Following the completion of the acquisition, the director now owns 148,018 shares in the company, valued at $1,906,471.84. This trade represents a 15.62 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Jordan Cheng sold 7,000 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $14.10, for a total transaction of $98,700.00. Following the completion of the sale, the general counsel now owns 88,263 shares in the company, valued at $1,244,508.30. This represents a 7.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 58,000 shares of company stock worth $875,940. 3.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

LendingClub Price Performance

Shares of LC stock traded up $0.15 on Wednesday, hitting $11.86. 1,634,356 shares of the stock traded hands, compared to its average volume of 2,069,039. LendingClub Co. has a 52 week low of $7.48 and a 52 week high of $18.75. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 26.35 and a beta of 2.00. The firm has a 50 day simple moving average of $14.77 and a two-hundred day simple moving average of $13.97.

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.