Point72 DIFC Ltd Has $128,000 Holdings in LendingClub Co. (NYSE:LC)

Point72 DIFC Ltd decreased its position in shares of LendingClub Co. (NYSE:LC) by 46.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,176 shares of the credit services provider’s stock after selling 13,175 shares during the quarter. Point72 DIFC Ltd’s holdings in LendingClub were worth $128,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its position in LendingClub by 212.4% during the 2nd 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 period. Algert Global LLC grew its stake in shares of LendingClub by 265.0% in the second quarter. Algert Global LLC now owns 146,305 shares of the credit services provider’s stock worth $1,238,000 after purchasing an additional 106,224 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new stake in LendingClub in the second quarter valued at $264,000. The Manufacturers Life Insurance Company raised its position in LendingClub by 0.5% during the 2nd 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 last quarter. Finally, Marshall Wace LLP acquired a new position in LendingClub during the 2nd quarter worth about $2,412,000. Institutional investors own 74.08% of the company’s stock.

Insider Buying and Selling at LendingClub

In related news, CEO Scott Sanborn sold 17,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $11.36, for a total value of $193,120.00. Following the transaction, the chief executive officer now owns 1,373,273 shares of the company’s stock, valued at approximately $15,600,381.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 34,703 shares of company stock worth $374,175. 3.31% of the stock is owned by corporate insiders.

LendingClub Price Performance

LC stock opened at $11.15 on Wednesday. LendingClub Co. has a 1 year low of $4.73 and a 1 year high of $12.87. The stock has a market capitalization of $1.24 billion, a PE ratio of 32.79 and a beta of 2.04. The company’s 50-day moving average is $11.10 and its 200-day moving average is $9.54.

LendingClub (NYSE:LC) last announced its quarterly earnings data on Tuesday, July 30th. The credit services provider reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.09. LendingClub had a return on equity of 3.38% and a net margin of 5.61%. The firm had revenue of $187.20 million during the quarter, compared to analysts’ expectations of $177.03 million. During the same quarter last year, the firm posted $0.09 earnings per share. The company’s revenue for the quarter was down 19.5% compared to the same quarter last year. On average, analysts anticipate that LendingClub Co. will post 0.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Compass Point raised their price objective on LendingClub from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Piper Sandler restated an “overweight” rating and issued a $13.00 price target (up previously from $10.00) on shares of LendingClub in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price objective on shares of LendingClub from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. StockNews.com upgraded shares of LendingClub from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Finally, BTIG Research began coverage on LendingClub in a report on Friday, June 7th. They set a “buy” rating and a $12.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $13.07.

LendingClub Company Profile

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.