Gilder Gagnon Howe & Co. LLC purchased a new stake in LendingClub Corporation (NYSE:LC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 760,269 shares of the credit services provider’s stock, valued at approximately $4,630,000. Gilder Gagnon Howe & Co. LLC owned 0.19% of LendingClub Corporation at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Royce & Associates LP grew its holdings in shares of LendingClub Corporation by 8.9% in the 2nd quarter. Royce & Associates LP now owns 565,365 shares of the credit services provider’s stock worth $3,115,000 after purchasing an additional 46,000 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of LendingClub Corporation by 4.3% in the 1st quarter. Vanguard Group Inc. now owns 27,102,968 shares of the credit services provider’s stock worth $148,795,000 after purchasing an additional 1,119,288 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of LendingClub Corporation by 497.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,345,149 shares of the credit services provider’s stock worth $18,432,000 after purchasing an additional 2,785,549 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of LendingClub Corporation by 1,284.7% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,791,600 shares of the credit services provider’s stock worth $15,382,000 after purchasing an additional 2,590,000 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in shares of LendingClub Corporation by 15.4% in the 2nd quarter. Evergreen Capital Management LLC now owns 435,625 shares of the credit services provider’s stock worth $2,400,000 after purchasing an additional 58,190 shares during the last quarter. 88.28% of the stock is currently owned by hedge funds and other institutional investors.

In other LendingClub Corporation news, CFO Thomas W. Casey bought 10,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were bought at an average cost of $4.17 per share, for a total transaction of $41,700.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Timothy Bogan sold 25,000 shares of the company’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $6.50, for a total transaction of $162,500.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 213,722 shares of company stock worth $1,218,831. Corporate insiders own 11.40% of the company’s stock.

LC has been the topic of several analyst reports. ValuEngine raised shares of LendingClub Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, August 23rd. Vetr lowered shares of LendingClub Corporation from a “buy” rating to a “hold” rating and set a $6.55 target price on the stock. in a report on Monday, September 4th. Canaccord Genuity reaffirmed a “hold” rating and issued a $7.00 target price on shares of LendingClub Corporation in a report on Monday, November 6th. CIBC raised shares of LendingClub Corporation from a “market perform” rating to an “outperform” rating in a report on Thursday, August 3rd. Finally, Credit Suisse Group lowered their target price on shares of LendingClub Corporation from $7.50 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $6.89.

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LendingClub Corporation (NYSE:LC) opened at $4.12 on Thursday. The company has a debt-to-equity ratio of 3.52, a current ratio of 18.02 and a quick ratio of 16.90. LendingClub Corporation has a 52-week low of $4.05 and a 52-week high of $6.78.

About LendingClub Corporation

LendingClub Corporation provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that has been closed to many investors and only available on a limited basis to large institutional investors.

Institutional Ownership by Quarter for LendingClub Corporation (NYSE:LC)

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