LendingClub Corporation (NYSE:LC) was the target of some unusual options trading activity on Wednesday. Investors acquired 8,389 put options on the company. This is an increase of approximately Infinity compared to the average daily volume of 0 put options.

In other news, COO Sameer Gulati sold 8,351 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $5.64, for a total transaction of $47,099.64. Following the sale, the chief operating officer now owns 296,221 shares in the company, valued at $1,670,686.44. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Steven Allocca sold 35,378 shares of the stock in a transaction that occurred on Monday, August 28th. The shares were sold at an average price of $6.09, for a total transaction of $215,452.02. Following the sale, the president now owns 67,084 shares in the company, valued at approximately $408,541.56. The disclosure for this sale can be found here. Insiders have sold 166,449 shares of company stock valued at $1,018,866 in the last ninety days. Insiders own 11.40% of the company’s stock.

Several institutional investors have recently modified their holdings of LC. UBS Asset Management Americas Inc. boosted its stake in shares of LendingClub Corporation by 24.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 170,708 shares of the credit services provider’s stock worth $937,000 after acquiring an additional 33,116 shares during the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of 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 worth $992,000 after acquiring an additional 2,934 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of LendingClub Corporation by 3.6% during the 1st quarter. Prudential Financial Inc. now owns 21,680 shares of the credit services provider’s stock worth $119,000 after acquiring an additional 760 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of LendingClub Corporation by 4.9% during the 1st quarter. Teachers Advisors LLC now owns 567,651 shares of the credit services provider’s stock worth $3,116,000 after acquiring an additional 26,710 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of 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 worth $649,000 after acquiring an additional 15,765 shares during the last quarter. Institutional investors and hedge funds own 87.80% of the company’s stock.

A number of equities research analysts have recently commented on LC shares. Vetr cut shares of LendingClub Corporation from a “strong-buy” rating to a “buy” rating and set a $6.55 price target on the stock. in a report on Wednesday, August 16th. BTIG Research reiterated a “buy” rating and set a $9.00 price target on shares of LendingClub Corporation in a report on Wednesday, September 27th. Needham & Company LLC started coverage on shares of LendingClub Corporation in a report on Wednesday, November 1st. They set a “buy” rating and a $7.00 price target on the stock. Maxim Group started coverage on shares of LendingClub Corporation in a report on Tuesday, November 7th. They set a “buy” rating and a $8.00 price target on the stock. Finally, Canaccord Genuity cut their price target on shares of LendingClub Corporation from $7.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $6.89.

LendingClub Corporation (NYSE:LC) opened at $4.30 on Monday. LendingClub Corporation has a one year low of $4.20 and a one year high of $6.78. The company has a debt-to-equity ratio of 3.52, a quick ratio of 18.90 and a current ratio of 18.02.

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LendingClub Corporation Company Profile

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.

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