LendingClub Co. (NYSE:LC - Get Free Report) Director Michael P. Zeisser acquired 20,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were acquired at an average price of $12.88 per share, with a total value of $257,600.00. Following the completion of the transaction, the director now owns 148,018 shares in the company, valued at $1,906,471.84. The trade was a 15.62 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

LC stock traded up $0.14 during midday trading on Wednesday, hitting $13.32. The stock had a trading volume of 1,540,683 shares, compared to its average volume of 2,357,859. The firm has a market cap of $1.50 billion, a P/E ratio of 29.59 and a beta of 2.01. The business has a fifty day moving average price of $16.13 and a two-hundred day moving average price of $13.65. LendingClub Co. has a 1-year low of $7.48 and a 1-year high of $18.75.

Several large investors have recently made changes to their positions in LC. The Manufacturers Life Insurance Company raised its position in shares of LendingClub by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 302,844 shares of the credit services provider's stock worth $2,562,000 after purchasing an additional 1,445 shares during the period. Cubist Systematic Strategies LLC raised its holdings in LendingClub by 212.4% during the second quarter. Cubist Systematic Strategies LLC now owns 345,079 shares of the credit services provider's stock worth $2,919,000 after buying an additional 234,611 shares during the last quarter. SG Americas Securities LLC lifted its stake in shares of LendingClub by 223.0% in the third quarter. SG Americas Securities LLC now owns 39,866 shares of the credit services provider's stock valued at $456,000 after buying an additional 27,522 shares in the last quarter. Alpha Cubed Investments LLC acquired a new position in shares of LendingClub during the third quarter valued at about $170,000. Finally, Creative Planning increased its position in shares of LendingClub by 20.3% during the third quarter. Creative Planning now owns 33,695 shares of the credit services provider's stock worth $385,000 after acquiring an additional 5,695 shares in the last quarter. 74.08% of the stock is currently owned by institutional investors and hedge funds.

LC has been the subject of a number of research reports. StockNews.com cut shares of LendingClub from a "hold" rating to a "sell" rating in a report on Friday, October 25th. Compass Point upped their price target on shares of LendingClub from $15.00 to $19.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Wedbush raised their price objective on LendingClub from $14.00 to $17.00 and gave the company an "outperform" rating in a report on Thursday, October 24th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $17.00 target price (up previously from $14.00) on shares of LendingClub in a report on Monday, December 2nd. Finally, Keefe, Bruyette & Woods restated an "outperform" rating and set a $16.00 price target (down from $17.00) on shares of LendingClub in a report on Wednesday, January 29th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, LendingClub presently has an average rating of "Moderate Buy" and an average target price of $16.38.

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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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