Numerai GP LLC Takes $1.02 Million Position in LendingClub Co. (NYSE:LC)

Numerai GP LLC bought a new stake in LendingClub Co. (NYSE:LC - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 62,697 shares of the credit services provider's stock, valued at approximately $1,015,000. Numerai GP LLC owned about 0.06% of LendingClub as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Equity Services LLC raised its holdings in shares of LendingClub by 2.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 27,248 shares of the credit services provider's stock valued at $441,000 after buying an additional 748 shares during the last quarter. Summit Investment Advisors Inc. raised its stake in LendingClub by 9.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 11,563 shares of the credit services provider's stock valued at $187,000 after acquiring an additional 984 shares during the last quarter. Jones Financial Companies Lllp raised its stake in 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 acquiring an additional 1,975 shares during the last quarter. New York State Common Retirement Fund raised 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 worth $475,000 after purchasing an additional 2,000 shares during the last quarter. Finally, Comerica Bank purchased a new stake in shares of LendingClub during the fourth quarter worth approximately $37,000. 74.08% of the stock is owned by hedge funds and other institutional investors.

LendingClub Price Performance

Shares of LC opened at $11.14 on Thursday. The firm has a 50 day simple moving average of $10.25 and a 200-day simple moving average of $13.44. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 24.76 and a beta of 2.35. LendingClub Co. has a 1-year low of $7.81 and a 1-year high of $18.75.

LendingClub (NYSE:LC - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The credit services provider reported $0.10 EPS for the quarter, hitting analysts' consensus estimates of $0.10. The firm 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 firm's quarterly revenue was up 21670.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. On average, equities analysts expect that LendingClub Co. will post 0.72 earnings per share for the current fiscal year.

Insider Transactions at LendingClub

In other LendingClub news, General Counsel Jordan Cheng sold 7,000 shares of LendingClub stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $14.10, for a total value of $98,700.00. Following the completion of the sale, the general counsel now owns 88,263 shares in the company, valued at $1,244,508.30. The trade was a 7.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott Sanborn sold 5,250 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The shares were 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 1,292,532 shares of the company's stock, valued at approximately $12,925,320. The trade was a 0.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,750 shares of company stock worth $257,985 over the last ninety days. 3.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LC shares. Piper Sandler restated an "overweight" rating and set a $19.00 price target (down previously from $20.00) on shares of LendingClub in a research note on Wednesday, January 29th. StockNews.com cut shares of LendingClub from a "hold" rating to a "sell" rating in a report on Tuesday, May 6th. JPMorgan Chase & Co. cut their price target on shares of LendingClub from $17.00 to $14.00 and set a "neutral" rating for the company in a report on Monday, March 10th. Finally, Keefe, Bruyette & Woods cut their target price on LendingClub from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $15.75.

About LendingClub

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.

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