Is LendingClub Corporation (LC)’s Fuel For Real? The Stock Just Increased Again

LendingClub Corporation (NYSE:LC) Logo

Investors sentiment increased to 1.04 in Q4 2018. Its up 0.25, from 0.79 in 2018Q3. It improved, as 17 investors sold LendingClub Corporation shares while 31 reduced holdings. 17 funds opened positions while 33 raised stakes. 347.73 million shares or 0.06% more from 347.53 million shares in 2018Q3 were reported.
Intll Gru holds 0% or 211,423 shares. Jacobs Levy Equity Mngmt reported 385,109 shares or 0.02% of all its holdings. 3,000 are owned by Advisory Networks Ltd. Renaissance Technologies Limited Liability Company holds 388,000 shares or 0% of its portfolio. Proshare Advsrs owns 33,832 shares. Susquehanna Int Group Llp reported 0% in LendingClub Corporation (NYSE:LC). 523,900 were reported by Swiss State Bank. Virtu Limited Co owns 83,840 shares. Karp Mngmt invested 0.15% in LendingClub Corporation (NYSE:LC). Art Advsrs Limited Com holds 238,344 shares. California Public Employees Retirement System reported 0% of its portfolio in LendingClub Corporation (NYSE:LC). Shanda Asset Holding owns 97.81 million shares. Ubs Asset Americas Inc has invested 0% of its portfolio in LendingClub Corporation (NYSE:LC). Great West Life Assurance Can stated it has 40,409 shares or 0% of all its holdings. D E Shaw And reported 89,307 shares.

The stock of LendingClub Corporation (NYSE:LC) is a huge mover today! The stock increased 16.77% or $0.54 during the last trading session, reaching $3.76. About 5.65 million shares traded or 173.42% up from the average. LendingClub Corporation (NYSE:LC) has declined 18.63% since May 8, 2018 and is downtrending. It has underperformed by 23.00% the S&P500.
The move comes after 9 months positive chart setup for the $1.63 billion company. It was reported on May, 8 by Barchart.com. We have $4.06 PT which if reached, will make NYSE:LC worth $130.64 million more.

LendingClub Corporation (NYSE:LC) Ratings Coverage

Among 4 analysts covering LendingClub Corp (NYSE:LC), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. LendingClub Corp has $5 highest and $3.75 lowest target. $4.50’s average target is 19.68% above currents $3.76 stock price. LendingClub Corp had 6 analyst reports since February 20, 2019 according to SRatingsIntel. Morgan Stanley maintained the stock with “Hold” rating in Wednesday, February 20 report. On Wednesday, February 20 the stock rating was maintained by Wedbush with “Hold”. Oppenheimer maintained LendingClub Corporation (NYSE:LC) rating on Wednesday, February 20. Oppenheimer has “Buy” rating and $5 target. The firm has “Buy” rating given on Wednesday, February 20 by Maxim Group.

More notable recent LendingClub Corporation (NYSE:LC) news were published by: Investingnews.com which released: “Digital Lending Companies Considering Stricter Credit Approvals | INN – Investing News Network” on April 17, 2019, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: Chipotle, Disney, Hasbro, Inogen, Lending Club, Mosaic, Mylan, Pinterest, US Steel and More – 24/7 Wall St.” published on May 08, 2019, Benzinga.com published: “10 Biggest Price Target Changes For Wednesday – Benzinga” on May 08, 2019. More interesting news about LendingClub Corporation (NYSE:LC) were released by: Finance.Yahoo.com and their article: “Is Hecla Mining Company (HL) A Good Stock To Buy? – Yahoo Finance” published on May 02, 2019 as well as Prnewswire.com‘s news article titled: “LendingClub Schedules First Quarter 2019 Earnings Release and Conference Call – PRNewswire” with publication date: April 16, 2019.

LendingClub Corporation, together with its subsidiaries, operates as an online marketplace that connects borrowers and investors in the United States. The company has market cap of $1.63 billion. The Company’s marketplace facilitates various types of loan products for clients and small businesses, including unsecured personal loans, unsecured education and patient finance loans, auto refinance loans, and small business loans and lines of credit. It currently has negative earnings. The firm also offers investors an opportunity to invest in a range of loans based on term and credit characteristics.

LendingClub Corporation (NYSE:LC) Ratings Chart

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