Marshall Wace LLP Purchases Shares of 125,669 LendingClub Co. (NYSE:LC)

Marshall Wace LLP acquired a new position in LendingClub Co. (NYSE:LC - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 125,669 shares of the credit services provider's stock, valued at approximately $2,035,000. Marshall Wace LLP owned about 0.11% of LendingClub as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its stake in LendingClub by 2.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 27,248 shares of the credit services provider's stock worth $441,000 after buying an additional 748 shares in the last quarter. Summit Investment Advisors Inc. raised its position in shares of LendingClub by 9.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 11,563 shares of the credit services provider's stock worth $187,000 after acquiring an additional 984 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of LendingClub by 49.2% in the 4th quarter. Jones Financial Companies Lllp now owns 5,986 shares of the credit services provider's stock valued at $97,000 after purchasing an additional 1,975 shares during the period. New York State Common Retirement Fund lifted its stake in shares of LendingClub by 7.3% in the 4th quarter. New York State Common Retirement Fund now owns 29,316 shares of the credit services provider's stock valued at $475,000 after purchasing an additional 2,000 shares during the period. Finally, National Bank of Canada FI boosted its position 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 valued at $66,000 after purchasing an additional 2,448 shares in the last quarter. 74.08% of the stock is owned by hedge funds and other institutional investors.

LendingClub Stock Up 1.0 %

Shares of LendingClub stock traded up $0.10 on Friday, reaching $9.99. The company's stock had a trading volume of 750,384 shares, compared to its average volume of 1,627,505. LendingClub Co. has a 52 week low of $7.81 and a 52 week high of $18.75. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 22.19 and a beta of 2.09. The firm's fifty day simple moving average is $10.51 and its two-hundred day simple moving average is $13.59.

LendingClub (NYSE:LC - Get Free Report) last posted its earnings results 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. LendingClub had a net margin of 6.52% and a return on equity of 4.16%. The business had revenue of $217.71 million for the quarter, compared to analysts' expectations of $213.71 million. During the same quarter in the prior year, the business earned $0.11 EPS. The business's revenue for the quarter was up 21670.0% compared to the same quarter last year. As a group, research analysts predict that LendingClub Co. will post 0.72 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on LC shares. Keefe, Bruyette & Woods dropped their target price on shares of LendingClub from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on shares of LendingClub from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. 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 note on Wednesday, January 29th. Finally, StockNews.com raised LendingClub from a "sell" rating to a "hold" rating in a research report on Friday, April 4th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $15.75.

Insider Buying and Selling

In other LendingClub news, Director Michael P. Zeisser purchased 20,000 shares of LendingClub stock in a transaction dated Monday, February 3rd. The stock was purchased at an average price of $12.88 per share, with a total value of $257,600.00. Following the transaction, the director now directly owns 148,018 shares of the company's stock, valued at $1,906,471.84. This trade represents a 15.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Scott Sanborn sold 17,000 shares of the business's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $13.76, for a total transaction of $233,920.00. Following the sale, the chief executive officer now owns 1,295,184 shares of the company's stock, valued at $17,821,731.84. This trade represents a 1.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,500 shares of company stock worth $439,405. 3.31% of the stock is owned by insiders.

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.