Dimensional Fund Advisors LP Has $99.06 Million Stock Holdings in LendingClub Co. (NYSE:LC)

Dimensional Fund Advisors LP decreased its position in shares of LendingClub Co. (NYSE:LC - Free Report) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,118,353 shares of the credit services provider's stock after selling 269,352 shares during the period. Dimensional Fund Advisors LP owned 5.44% of LendingClub worth $99,059,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. First Trust Advisors LP bought a new stake in shares of LendingClub in the 4th quarter worth approximately $2,445,000. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of LendingClub during the 4th quarter valued at $13,432,000. Canada Pension Plan Investment Board boosted its stake in shares of LendingClub by 105.7% during the 4th quarter. Canada Pension Plan Investment Board now owns 193,800 shares of the credit services provider's stock worth $3,138,000 after acquiring an additional 99,600 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of LendingClub in the 4th quarter worth $2,035,000. Finally, EAM Investors LLC acquired a new stake in shares of LendingClub during the fourth quarter worth $2,850,000. 74.08% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LC has been the topic of several recent analyst reports. Piper Sandler restated an "overweight" rating and set a $19.00 price objective (down previously from $20.00) on shares of LendingClub in a report on Wednesday, January 29th. JPMorgan Chase & Co. cut their price target on shares of LendingClub from $17.00 to $14.00 and set a "neutral" rating on the stock in a report on Monday, March 10th. Keefe, Bruyette & Woods decreased their price objective on shares of LendingClub from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Wednesday. Finally, StockNews.com raised shares of LendingClub from a "sell" rating to a "hold" rating in a research note on Friday, April 4th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, LendingClub has an average rating of "Moderate Buy" and a consensus target price of $15.75.

Insider Buying and Selling at LendingClub

In related news, CEO Scott Sanborn sold 5,250 shares of the stock in a transaction that occurred on Wednesday, April 9th. The stock was sold at an average price of $10.00, for a total transaction of $52,500.00. Following the completion of the sale, the chief executive officer now owns 1,303,032 shares in the company, valued at $13,030,320. This represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael P. Zeisser purchased 20,000 shares of the business's stock in a transaction dated Monday, February 3rd. The shares were acquired at an average price 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 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 have sold a total of 34,500 shares of company stock worth $439,405 over the last 90 days. Insiders own 3.31% of the company's stock.

LendingClub Price Performance

LC traded up $0.14 during trading on Thursday, reaching $9.91. 1,929,895 shares of the stock traded hands, compared to its average volume of 1,640,487. LendingClub Co. has a fifty-two week low of $7.81 and a fifty-two week high of $18.75. The stock's 50-day simple moving average is $10.56 and its two-hundred day simple moving average is $13.61. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 22.12 and a beta of 2.09.

LendingClub (NYSE:LC - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The credit services provider reported $0.10 EPS for the quarter, hitting the consensus estimate of $0.10. LendingClub had a net margin of 6.52% and a return on equity of 4.16%. The company had revenue of $217.71 million for the quarter, compared to analyst estimates of $213.71 million. During the same quarter in the prior year, the business posted $0.11 EPS. LendingClub's quarterly revenue was up 21670.0% on a year-over-year basis. Research analysts anticipate that LendingClub Co. will post 0.72 earnings per share for the current fiscal year.

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.