Barclays PLC Boosts Holdings in LendingClub Co. (NYSE:LC)

Barclays PLC raised its stake in LendingClub Co. (NYSE:LC - Free Report) by 117.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 491,729 shares of the credit services provider's stock after buying an additional 265,827 shares during the quarter. Barclays PLC owned about 0.44% of LendingClub worth $7,962,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of LC. SBI Securities Co. Ltd. acquired a new position in LendingClub during the fourth quarter worth about $45,000. Sterling Capital Management LLC lifted its position in LendingClub by 818.6% during the fourth quarter. Sterling Capital Management LLC now owns 3,500 shares of the credit services provider's stock valued at $57,000 after buying an additional 3,119 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of LendingClub by 150.6% during the fourth quarter. National Bank of Canada FI now owns 4,074 shares of the credit services provider's stock worth $66,000 after purchasing an additional 2,448 shares in the last quarter. FMR LLC increased 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 worth $67,000 after buying an additional 1,424 shares during the period. Finally, Jones Financial Companies Lllp boosted its stake in shares of LendingClub by 49.2% during the 4th quarter. Jones Financial Companies Lllp now owns 5,986 shares of the credit services provider's stock valued at $97,000 after buying an additional 1,975 shares during the last quarter. 74.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LC. Keefe, Bruyette & Woods reissued 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. StockNews.com raised LendingClub from a "sell" rating to a "hold" rating in a research note on Friday, April 4th. Piper Sandler reaffirmed an "overweight" rating and set a $19.00 target price (down previously from $20.00) on shares of LendingClub in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of LendingClub from $17.00 to $14.00 and set a "neutral" rating for the company in a research note on Monday, March 10th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $16.00.

Insider Transactions at LendingClub

In other news, General Counsel Jordan Cheng sold 7,000 shares of LendingClub stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $14.10, for a total value of $98,700.00. Following the transaction, the general counsel now directly owns 88,263 shares in the company, valued at approximately $1,244,508.30. This trade represents a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Michael P. Zeisser acquired 20,000 shares of the company's stock in a transaction dated Monday, February 3rd. The shares were bought at an average cost 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 of the company's stock, valued at approximately $1,906,471.84. The trade was a 15.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 34,500 shares of company stock valued at $439,405 over the last 90 days. Company insiders own 3.31% of the company's stock.

LendingClub Trading Down 0.4 %

NYSE:LC traded down $0.04 on Tuesday, reaching $10.94. 259,912 shares of the stock traded hands, compared to its average volume of 1,620,003. LendingClub Co. has a 12 month low of $7.48 and a 12 month high of $18.75. The company's fifty day simple moving average is $10.68 and its 200 day simple moving average is $13.65. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 24.34 and a beta of 2.09.

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.