236,589 Shares in LendingClub Co. (NYSE:LC) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in LendingClub Co. (NYSE:LC - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 236,589 shares of the credit services provider's stock, valued at approximately $3,830,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.21% of LendingClub as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in LC. Barclays PLC increased its holdings in LendingClub by 206.6% in the 3rd quarter. Barclays PLC now owns 225,902 shares of the credit services provider's stock valued at $2,582,000 after acquiring an additional 152,224 shares during the last quarter. Entropy Technologies LP bought a new position in shares of LendingClub during the 4th quarter valued at approximately $199,000. Vontobel Holding Ltd. bought a new position in LendingClub during the fourth quarter valued at $166,000. Sanctuary Advisors LLC bought a new position in shares of LendingClub during the fourth quarter valued at approximately $164,000. Finally, New York State Common Retirement Fund grew its stake in shares of LendingClub by 7.3% during the fourth quarter. New York State Common Retirement Fund now owns 29,316 shares of the credit services provider's stock valued at $475,000 after buying an additional 2,000 shares during the last quarter. 74.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LC has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their target price 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. Wall Street Zen downgraded shares of LendingClub from a "hold" rating to a "sell" rating in a research note on Tuesday, May 6th. Finally, Keefe, Bruyette & Woods lowered their price objective on LendingClub from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, LendingClub has a consensus rating of "Moderate Buy" and an average price target of $15.75.

LendingClub Trading Down 2.1%

Shares of NYSE:LC traded down $0.22 on Thursday, hitting $10.18. 1,031,745 shares of the company were exchanged, compared to its average volume of 1,615,592. LendingClub Co. has a 1-year low of $7.81 and a 1-year high of $18.75. The stock's 50 day moving average price is $10.06 and its 200 day moving average price is $12.97. The firm has a market capitalization of $1.16 billion, a P/E ratio of 22.61 and a beta of 2.35.

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

Insider Activity

In related news, CEO Scott Sanborn sold 5,250 shares of the business's stock in a transaction 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 transaction, the chief executive officer now directly owns 1,303,032 shares of the company's stock, valued at $13,030,320. The trade was a 0.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael P. Zeisser purchased 20,000 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was bought at an average price of $9.35 per share, for a total transaction of $187,000.00. Following the completion of the purchase, the director now directly owns 174,138 shares of the company's stock, valued at $1,628,190.30. The trade was a 12.98% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 21,000 shares of company stock worth $215,198 over the last three months. Insiders own 3.19% 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.