149,430 Shares in LendingClub Co. (NYSE:LC) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new stake in LendingClub Co. (NYSE:LC - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 149,430 shares of the credit services provider's stock, valued at approximately $2,419,000. Susquehanna Fundamental Investments LLC owned approximately 0.13% of LendingClub as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. JPMorgan Chase & Co. increased its stake in shares of LendingClub by 4.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 998,148 shares of the credit services provider's stock worth $11,409,000 after acquiring an additional 45,307 shares during the last quarter. Victory Capital Management Inc. increased its position in LendingClub by 301.0% during the fourth quarter. Victory Capital Management Inc. now owns 54,687 shares of the credit services provider's stock worth $885,000 after purchasing an additional 41,048 shares during the last quarter. Raymond James Financial Inc. purchased a new position in LendingClub during the fourth quarter worth about $1,696,000. Invesco Ltd. increased its holdings in shares of LendingClub by 87.1% during the 4th quarter. Invesco Ltd. now owns 637,458 shares of the credit services provider's stock worth $10,320,000 after buying an additional 296,813 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in shares of LendingClub during the 4th quarter valued at approximately $470,000. Hedge funds and other institutional investors own 74.08% of the company's stock.

LendingClub Stock Up 0.8 %

LendingClub stock traded up $0.09 during mid-day trading on Monday, reaching $10.42. 222,670 shares of the company's stock were exchanged, compared to its average volume of 1,624,251. The company has a market cap of $1.19 billion, a P/E ratio of 23.19 and a beta of 2.35. LendingClub Co. has a twelve month low of $7.81 and a twelve month high of $18.75. The company has a fifty day moving average of $10.47 and a 200-day moving average of $13.57.

LendingClub (NYSE:LC - Get Free Report) last announced 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. LendingClub had a return on equity of 4.16% and a net margin of 6.52%. The business had revenue of $217.71 million during the quarter, compared to analysts' expectations of $213.71 million. During the same quarter last year, the business posted $0.11 EPS. The business's quarterly revenue was up 21670.0% compared to the same quarter last year. Equities research analysts expect that LendingClub Co. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling at LendingClub

In related news, Director Michael P. Zeisser purchased 20,000 shares of the company's stock in a transaction on Wednesday, April 30th. The shares were bought at an average cost 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 approximately $1,628,190.30. This trade represents a 12.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Scott Sanborn sold 5,250 shares of the business's 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 sale, the chief executive officer now owns 1,303,032 shares of the company's stock, valued at $13,030,320. This represents a 0.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,750 shares of company stock valued at $491,905. Insiders own 3.31% of the company's stock.

Wall Street Analyst Weigh In

LC has been the subject of several analyst reports. StockNews.com upgraded LendingClub from a "sell" rating to a "hold" rating in a research report on Friday, April 4th. Piper Sandler reissued an "overweight" rating and set a $19.00 price objective (down from $20.00) on shares of LendingClub in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their price objective on shares of LendingClub from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Wednesday, April 30th. Finally, JPMorgan Chase & Co. lowered 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 equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, LendingClub currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.75.

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.