LendingClub Corporation (NYSE:LC) enjoyed a 21.54% run-up in share price since hitting record low of $2.46. The stock managed -0.66% fall and now stands at $2.99 as of 6/19/2019. At a recent session, the prices were hovering between $2.975 and $3.035. This company shares are 47.16% off its target price of $4.4 and the current market capitalization stands at $1.34B. The recent change has given its price a -6.29% deficit over SMA 50 and -34.29% deficit over its 52-week high. The stock witnessed -7.72% declines, 2.05% gains and 10.33% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LC’s volatility during a week at 3.56% and during a month it has been found around 3.53%.
What Does LendingClub Corporation (LC) Do?
The company describes itself in regulatory filings as, “LendingClub Corp. engages in the operation of an online credit marketplace for borrowers and investors. It offers personal, business, auto refinance, K-12 education loans and patient solutions. The company was founded by Renaud Laplanche and Soulaiman Htite in 2006 and is headquartered in San Francisco, CA.” [Text can be found here: https://www.marketwatch.com/investing/stock/LC/profile under company description.]LendingClub Corporation (LC) Top Holders
Institutional investors currently hold around $1.15 billion or 85.7% in LC stock. Look at its top three institutional owners: Shanda Asset Management Holdings Ltd owns $294.42 million in LendingClub Corporation, which represents roughly 21.97% of the company’s market cap and approximately 25.51% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 36,468,700 shares of the stock are valued at $109.77 million. The third largest holder is Blackrock Inc., which currently holds $73.17 million worth of this stock and that ownership represents nearly 5.46% of its market capitalization.
At the end of March reporting period, 62 institutional holders increased their position in LendingClub Corporation (NYSE:LC) by some 16,635,325 shares, 56 decreased positions by 11,469,978 and 36 held positions by 355,341,510. That puts total institutional holdings at 383,446,813 shares, according to SEC filings. The stock grabbed 20 new institutional investments totaling 6,643,195 shares while 20 institutional investors sold out their entire positions totaling 3,065,462 shares.LendingClub Corporation (NYSE:LC) Insider Trades
Multiple company employees have indulged in significant insider trading. LendingClub Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chief Capital Officer Kay Valerie has sold 9,500 shares of LendingClub Corporation (LC) in the trading session dated May. 28, 2019. These shares are worth $29,450 and were traded at $3.1 each. The SEC filing shows that Meeker Mary G performed a sale of 528,581 shares. The Director disposed these shares by way of transaction on May. 21, 2019. The company’s shares were given away at $3.29 per share worth to an income of some $1,739,031 to the account of Meeker Mary G.
Director, Meeker Mary G, sold 808,235 common shares of LendingClub Corporation (LC) in the open market. In a transaction dated May. 16, 2019, the shares were put up for sale at an average price of $3.37, raking in a sum of $2,723,752. After this sale, 841,436 common shares of LC are directly owned by the insider, with total stake valued at $2,515,894.
In the transaction dated May. 13, 2019, a great number of shares sold came courtesy the Director; Meeker Mary G disposed a total of 802,500 shares at an average price of $3.5, amounting to approximately $2,808,750. The insider now directly owns 1,649,671 shares worth $4,932,516.LendingClub Corporation (LC) Analyst Guide
Several analysts have released their opinion on LendingClub Corporation (NYSE:LC), with 3 analysts believing it is a strong buy. Whereas 9 of them predict the stock is a hold. Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.43 average brokerage recommendation [T1].