Fox Run Management L.L.C. Has $1.06 Million Stock Holdings in LendingClub Co. (NYSE:LC)

Fox Run Management L.L.C. decreased its position in LendingClub Co. (NYSE:LC) by 14.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 65,320 shares of the credit services provider’s stock after selling 10,798 shares during the period. Fox Run Management L.L.C. owned approximately 0.06% of LendingClub worth $1,058,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its position in shares of LendingClub by 21.6% during the third quarter. Wellington Management Group LLP now owns 838,535 shares of the credit services provider’s stock worth $9,584,000 after purchasing an additional 148,685 shares during the period. JPMorgan Chase & Co. increased its stake in LendingClub by 4.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 998,148 shares of the credit services provider’s stock worth $11,409,000 after purchasing an additional 45,307 shares in the last quarter. Captrust Financial Advisors bought a new stake in LendingClub during the 3rd quarter worth approximately $237,000. Quantbot Technologies LP raised its holdings in LendingClub by 153.2% during the 3rd quarter. Quantbot Technologies LP now owns 158,763 shares of the credit services provider’s stock worth $1,815,000 after buying an additional 96,053 shares during the period. Finally, Alpha DNA Investment Management LLC acquired a new position in shares of LendingClub in the third quarter valued at approximately $411,000. 74.08% of the stock is currently owned by institutional investors.

LendingClub Price Performance

LendingClub stock opened at $11.09 on Friday. The firm has a 50-day moving average of $13.43 and a 200-day moving average of $13.89. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 24.63 and a beta of 2.07. LendingClub Co. has a one year low of $7.48 and a one year high of $18.75.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LC. Piper Sandler reissued an “overweight” rating and set a $19.00 price objective (down previously from $20.00) on shares of LendingClub in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $16.00 target price (down previously from $17.00) on shares of LendingClub in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price target on LendingClub from $17.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, LendingClub presently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

Insider Activity at LendingClub

In other news, Director Michael P. Zeisser acquired 20,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was bought at an average price of $12.88 per share, with a total value of $257,600.00. Following the transaction, the director now directly owns 148,018 shares in the company, valued at approximately $1,906,471.84. The trade was a 15.62 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Scott Sanborn sold 17,000 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $16.12, for a total transaction of $274,040.00. Following the completion of the sale, the chief executive officer now owns 1,312,184 shares of the company’s stock, valued at $21,152,406.08. This trade represents a 1.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,000 shares of company stock valued at $606,660. Insiders own 3.31% of the company’s stock.

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.