LendingClub Corporation (NYSE:LC) Director John J. Mack bought 20,000 shares of the company’s stock in a transaction on Monday, November 13th. The shares were bought at an average price of $4.28 per share, with a total value of $85,600.00. Following the completion of the transaction, the director now owns 1,513,673 shares of the company’s stock, valued at $6,478,520.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of LendingClub Corporation (NYSE:LC) traded up $0.03 during midday trading on Friday, hitting $4.30. 4,464,898 shares of the company traded hands, compared to its average volume of 6,168,288. The company has a current ratio of 18.02, a quick ratio of 16.90 and a debt-to-equity ratio of 3.52. LendingClub Corporation has a 12 month low of $4.05 and a 12 month high of $6.78.

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A number of brokerages have recently weighed in on LC. Canaccord Genuity lowered their price objective on shares of LendingClub Corporation from $7.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Oppenheimer Holdings, Inc. lowered their price objective on shares of LendingClub Corporation from $7.50 to $6.25 and set an “outperform” rating for the company in a report on Wednesday, November 8th. Credit Suisse Group lowered their price objective on shares of LendingClub Corporation from $7.50 to $7.00 and set a “neutral” rating for the company in a report on Wednesday, November 8th. Morgan Stanley lowered their price objective on shares of LendingClub Corporation from $7.00 to $6.50 and set an “overweight” rating for the company in a report on Wednesday, November 8th. Finally, Maxim Group began coverage on shares of LendingClub Corporation in a report on Tuesday, November 7th. They issued a “buy” rating and a $8.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $6.89.

Several hedge funds and other institutional investors have recently modified their holdings of LC. UBS Asset Management Americas Inc. increased its stake in shares of LendingClub Corporation by 24.1% in the first quarter. UBS Asset Management Americas Inc. now owns 170,708 shares of the credit services provider’s stock worth $937,000 after buying an additional 33,116 shares during the period. Parametric Portfolio Associates LLC increased its position in LendingClub Corporation by 1.7% during the 1st quarter. Parametric Portfolio Associates LLC now owns 180,740 shares of the credit services provider’s stock valued at $992,000 after purchasing an additional 2,934 shares during the period. Prudential Financial Inc. increased its position in LendingClub Corporation by 3.6% during the 1st quarter. Prudential Financial Inc. now owns 21,680 shares of the credit services provider’s stock valued at $119,000 after purchasing an additional 760 shares during the period. Teachers Advisors LLC increased its position in LendingClub Corporation by 4.9% during the 1st quarter. Teachers Advisors LLC now owns 567,651 shares of the credit services provider’s stock valued at $3,116,000 after purchasing an additional 26,710 shares during the period. Finally, Legal & General Group Plc increased its position in LendingClub Corporation by 15.4% during the 1st quarter. Legal & General Group Plc now owns 118,368 shares of the credit services provider’s stock valued at $649,000 after purchasing an additional 15,765 shares during the period. 88.28% of the stock is currently owned by institutional investors.

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.

Insider Buying and Selling by Quarter for LendingClub Corporation (NYSE:LC)

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