Global X MANAGEMENT CO LLC boosted its holdings in shares of LendingClub Corporation (NYSE:LC) by 62.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,583 shares of the credit services provider’s stock after purchasing an additional 36,116 shares during the period. Global X MANAGEMENT CO LLC’s holdings in LendingClub Corporation were worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of LC. Prudential Financial Inc. raised its position in shares of LendingClub Corporation by 3.6% in the first 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 period. Teacher Retirement System of Texas raised its position in shares of LendingClub Corporation by 27.4% in the second quarter. Teacher Retirement System of Texas now owns 23,822 shares of the credit services provider’s stock worth $131,000 after acquiring an additional 5,130 shares during the period. Blair William & Co. IL raised its position in shares of LendingClub Corporation by 11.3% in the second quarter. Blair William & Co. IL now owns 26,150 shares of the credit services provider’s stock worth $144,000 after acquiring an additional 2,650 shares during the period. GSA Capital Partners LLP acquired a new position in shares of LendingClub Corporation in the second quarter worth about $150,000. Finally, Brighton Jones LLC acquired a new position in shares of LendingClub Corporation in the second quarter worth about $154,000. Institutional investors own 88.28% of the company’s stock.

LC has been the subject of a number of analyst reports. BidaskClub downgraded shares of LendingClub Corporation from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. UBS AG upgraded shares of LendingClub Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 3rd. Oppenheimer Holdings, Inc. upgraded shares of LendingClub Corporation from a “market perform” rating to an “outperform” rating and set a $7.00 price objective for the company in a research report on Thursday, August 3rd. CIBC upgraded shares of LendingClub Corporation from a “market perform” rating to an “outperform” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of LendingClub Corporation from a “sell” rating to a “hold” rating and set a $6.50 price objective for the company in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.89.

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In related news, CFO Thomas W. Casey sold 7,287 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $6.08, for a total transaction of $44,304.96. Following the completion of the sale, the chief financial officer now owns 39,758 shares of the company’s stock, valued at approximately $241,728.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Russell S. Elmer sold 15,544 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $6.08, for a total transaction of $94,507.52. Following the sale, the general counsel now directly owns 117,687 shares of the company’s stock, valued at approximately $715,536.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 213,722 shares of company stock valued at $1,218,831. 11.40% of the stock is owned by corporate insiders.

Shares of LendingClub Corporation (NYSE:LC) opened at $4.30 on Friday. The company has a debt-to-equity ratio of 3.52, a quick ratio of 16.90 and a current ratio of 18.02. LendingClub Corporation has a one year low of $4.05 and a one year high of $6.78.

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

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