LendingClub Co. (NYSE:LC – Get Free Report) CEO Scott Sanborn sold 17,000 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $14.89, for a total transaction of $253,130.00. Following the completion of the transaction, the chief executive officer now owns 1,339,273 shares in the company, valued at approximately $19,941,774.97. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Scott Sanborn also recently made the following trade(s):
- On Thursday, October 3rd, Scott Sanborn sold 17,000 shares of LendingClub stock. The shares were sold at an average price of $11.09, for a total transaction of $188,530.00.
- On Thursday, September 5th, Scott Sanborn sold 17,000 shares of LendingClub stock. The stock was sold at an average price of $11.36, for a total value of $193,120.00.
LendingClub Trading Up 0.9 %
LendingClub stock opened at $15.06 on Friday. LendingClub Co. has a 12-month low of $5.05 and a 12-month high of $15.72. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 32.74 and a beta of 2.01. The firm has a 50 day moving average of $12.21 and a 200 day moving average of $10.48.
Institutional Trading of LendingClub
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AlphaMark Advisors LLC purchased a new position in shares of LendingClub during the third quarter valued at about $32,000. EntryPoint Capital LLC boosted its stake in LendingClub by 44.9% during the first quarter. EntryPoint Capital LLC now owns 7,514 shares of the credit services provider’s stock valued at $66,000 after buying an additional 2,328 shares during the last quarter. nVerses Capital LLC purchased a new position in LendingClub during the 2nd quarter valued at approximately $71,000. Innealta Capital LLC bought a new stake in LendingClub in the 2nd quarter worth approximately $72,000. Finally, Blue Trust Inc. raised its holdings in shares of LendingClub by 259.8% during the 3rd quarter. Blue Trust Inc. now owns 7,267 shares of the credit services provider’s stock worth $83,000 after acquiring an additional 5,247 shares in the last quarter. 74.08% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Piper Sandler reiterated an “overweight” rating and issued a $15.00 price objective (up from $13.00) on shares of LendingClub in a report on Thursday, October 24th. Jefferies Financial Group lifted their target price on shares of LendingClub from $11.00 to $12.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Keefe, Bruyette & Woods upgraded LendingClub from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $11.50 to $15.00 in a research note on Thursday, October 10th. Compass Point raised their target price on LendingClub from $15.00 to $19.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Finally, Wedbush upped their price target on shares of LendingClub from $14.00 to $17.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. One research analyst has rated the stock with a sell rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $15.38.
View Our Latest Research Report on LendingClub
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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