LendingClub Co. (NYSE:LC) Shares Acquired by XTX Topco Ltd

XTX Topco Ltd lifted its stake in shares of LendingClub Co. (NYSE:LC) by 55.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,789 shares of the credit services provider’s stock after buying an additional 7,054 shares during the period. XTX Topco Ltd’s holdings in LendingClub were worth $226,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. AlphaMark Advisors LLC purchased a new stake in LendingClub in the third quarter valued at approximately $32,000. FMR LLC lifted its stake in LendingClub by 32.1% during the 3rd quarter. FMR LLC now owns 5,865 shares of the credit services provider’s stock valued at $67,000 after acquiring an additional 1,424 shares during the period. nVerses Capital LLC purchased a new stake in shares of LendingClub in the 2nd quarter valued at $71,000. Innealta Capital LLC acquired a new stake in shares of LendingClub in the second quarter worth $72,000. Finally, Blue Trust Inc. raised its holdings in shares of LendingClub by 259.8% during 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. 74.08% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other LendingClub news, General Counsel Jordan Cheng sold 22,000 shares of LendingClub stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $14.83, for a total transaction of $326,260.00. Following the transaction, the general counsel now directly owns 89,385 shares of the company’s stock, valued at $1,325,579.55. The trade was a 19.75 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott Sanborn sold 17,000 shares of the stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $15.84, for a total transaction of $269,280.00. Following the completion of the sale, the chief executive officer now directly owns 1,329,184 shares of the company’s stock, valued at approximately $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 75,500 shares of company stock valued at $1,073,100 in the last ninety days. 3.31% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LC has been the topic of several analyst reports. Compass Point increased their price target on LendingClub from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods raised their target price on LendingClub from $15.00 to $17.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. StockNews.com downgraded LendingClub from a “hold” rating to a “sell” rating in a report on Friday, October 25th. Piper Sandler reaffirmed an “overweight” rating and set a $15.00 price objective (up previously from $13.00) on shares of LendingClub in a research note on Thursday, October 24th. Finally, Maxim Group lifted their target price on shares of LendingClub from $16.00 to $19.00 and gave the company a “buy” rating in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $16.00.

LendingClub Stock Performance

LendingClub stock opened at $16.30 on Friday. The company’s fifty day moving average price is $15.03 and its 200 day moving average price is $11.90. The stock has a market capitalization of $1.83 billion, a P/E ratio of 35.43 and a beta of 2.02. LendingClub Co. has a 1 year low of $7.48 and a 1 year high of $18.75.

LendingClub (NYSE:LC) last released its earnings results on Wednesday, October 23rd. The credit services provider reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.06. The business had revenue of $201.90 million for the quarter, compared to the consensus estimate of $190.40 million. LendingClub had a return on equity of 4.02% and a net margin of 6.85%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the business posted $0.05 earnings per share. Sell-side analysts predict that LendingClub Co. will post 0.47 EPS for the current year.

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.