Top Institutional Investors That Own LendingClub Corporation (LC)

LendingClub Corporation (NYSE:LC) is at least 47.47% than its current record low price of $2.57. There was a 1.34% gain on 06/13/2018 that led the price to move at $3.79. At recent session, the prices were hovering between $3.6775 and $3.81. This company shares are 35.62% off its target price of $5.14 and the current market capitalization stands at $1.59B. The recent change has given its price a 16.24% lead over SMA 50 and -42.23% deficit over its 52-week high. The stock witnessed 14.16% gains, 0.26% gains and -2.57% declines for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found LC’s volatility during a week at 4.45% and during a month it has been found around 3.41%.

LendingClub Corporation (LC) Top Holders

Institutional investors currently hold around $1.32 billion or 86.4% in LC stock. Look at its top three institutional owners. Shanda Asset Management Holdings Ltd owns $365.83 million in LendingClub Corporation, which represents roughly 23.01% of the company’s market cap and approximately 27.63% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 31,257,223 shares of the stock are valued at $116.9 million. The third largest holder is Blackrock Inc., which currently holds $83.25 million worth of this stock and that ownership represents nearly 5.24% of its market capitalization.

LendingClub Corporation 13F Filings

At the end of 03/31/2018 reporting period, 82 institutional holders increased their position in LendingClub Corporation (NYSE:LC) by some 45,705,249 shares, 72 decreased positions by 67,386,225 and 39 held positions by 240,892,570. That puts total institutional holdings at 353,984,044 shares, according to SEC filings. The stock grabbed 33 new institutional investments totaling 9,933,430 shares while 31 institutional investors sold out their entire positions totaling 27,118,222 shares.

LendingClub Corporation (NYSE:LC) Insider Trades

Multiple company employees have indulged in significant insider trading. LendingClub Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Williams Simon has sold 50,000 shares of LendingClub Corporation (LC) in trading session dated May. 18, 2018. These shares are worth $170,000 and were traded at $3.4 each. The SEC filing shows that Chen Tian Qiao performed a purchase of 12,501,254 shares. The 10% Owner added these shares by way of transaction on Mar. 02, 2018. The company’s shares were assimilated at $3.63 per share worth to an investment of some $45,379,552 on account of Chen Tian Qiao.

Director, Morris John C., purchased 10,000 common shares of LendingClub Corporation (LC) in the open market. In a transaction dated Mar. 01, 2018, the shares were bought at an average price of $3.71, giving away a sum of $37,100. After this purchase, 35,336 common shares of LC are directly owned by the insider, with total stake valued at $133,923.

In the transaction dated Mar. 01, 2018, the great number of shares acquired came courtesy the Director; Ciporin Daniel T added a total of 10,000 shares at an average price of $3.73, amounting to approximately $37,300. The insider now directly owns 83,608 shares worth $316,874.

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