24,262 Shares in LendingClub Co. (NYSE:LC) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new position in shares of LendingClub Co. (NYSE:LC) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 24,262 shares of the credit services provider’s stock, valued at approximately $393,000.

Several other institutional investors have also bought and sold shares of LC. Creative Planning grew its holdings in LendingClub by 20.3% during the third quarter. Creative Planning now owns 33,695 shares of the credit services provider’s stock worth $385,000 after buying an additional 5,695 shares in the last quarter. International Assets Investment Management LLC grew its holdings in LendingClub by 813.3% during the third quarter. International Assets Investment Management LLC now owns 181,737 shares of the credit services provider’s stock worth $2,077,000 after buying an additional 161,837 shares in the last quarter. Mesirow Financial Investment Management Inc. bought a new stake in LendingClub during the third quarter worth $236,000. GSA Capital Partners LLP grew its stake in LendingClub by 47.3% in the 3rd quarter. GSA Capital Partners LLP now owns 214,192 shares of the credit services provider’s stock valued at $2,448,000 after purchasing an additional 68,791 shares during the period. Finally, Aigen Investment Management LP grew its stake in LendingClub by 18.5% in the 3rd quarter. Aigen Investment Management LP now owns 31,542 shares of the credit services provider’s stock valued at $361,000 after purchasing an additional 4,917 shares during the period. Institutional investors own 74.08% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LC. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $16.00 price objective (down previously from $17.00) on shares of LendingClub in a research note on Wednesday, January 29th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $17.00 price objective (up previously from $14.00) on shares of LendingClub in a research note on Monday, December 2nd. Finally, Piper Sandler restated an “overweight” rating and issued a $19.00 price objective (down previously from $20.00) on shares of LendingClub in a research note on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, LendingClub currently has an average rating of “Moderate Buy” and a consensus price target of $16.38.

LendingClub Price Performance

Shares of NYSE LC opened at $12.21 on Tuesday. LendingClub Co. has a one year low of $7.48 and a one year high of $18.75. The business’s fifty day moving average price is $14.96 and its 200-day moving average price is $13.98. The stock has a market capitalization of $1.38 billion, a PE ratio of 27.13 and a beta of 2.00.

Insider Activity

In related news, General Counsel Jordan Cheng sold 7,000 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $14.10, for a total transaction of $98,700.00. Following the sale, the general counsel now owns 88,263 shares of the company’s stock, valued at approximately $1,244,508.30. This represents a 7.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Scott Sanborn sold 17,000 shares of the 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 sale, the chief executive officer now directly owns 1,329,184 shares in the company, valued at $21,054,274.56. This trade represents a 1.26 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 58,000 shares of company stock valued at $875,940 in the last 90 days. Insiders own 3.31% of the company’s stock.

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.