LendingClub Corporation (NYSE:LC – Get Free Report) General Counsel Jordan Cheng sold 5,500 shares of the company’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $17.00, for a total transaction of $93,500.00. Following the completion of the transaction, the general counsel owned 113,574 shares in the company, valued at approximately $1,930,758. This trade represents a 4.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
LendingClub Trading Up 4.9%
NYSE:LC opened at $17.86 on Friday. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 11.99 and a beta of 2.00. The company’s 50-day moving average is $15.82 and its two-hundred day moving average is $17.08. LendingClub Corporation has a 12-month low of $9.78 and a 12-month high of $21.67.
LendingClub (NYSE:LC – Get Free Report) last released its earnings results on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $252.25 million for the quarter, compared to analyst estimates of $249.10 million. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. On average, equities research analysts forecast that LendingClub Corporation will post 1.72 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in shares of LendingClub by 4.6% during the 4th quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock worth $221,547,000 after acquiring an additional 516,542 shares during the period. Wellington Management Group LLP lifted its holdings in shares of LendingClub by 18.8% during the 3rd quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock worth $120,921,000 after acquiring an additional 1,261,861 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of LendingClub by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 5,760,141 shares of the credit services provider’s stock worth $82,482,000 after acquiring an additional 139,746 shares during the period. Senvest Management LLC lifted its holdings in shares of LendingClub by 5.2% during the 1st quarter. Senvest Management LLC now owns 4,546,812 shares of the credit services provider’s stock worth $65,110,000 after acquiring an additional 226,754 shares during the period. Finally, Fuller & Thaler Asset Management Inc. purchased a new position in shares of LendingClub during the 4th quarter worth about $63,580,000. 74.08% of the stock is currently owned by hedge funds and other institutional investors.
LendingClub Company Profile
LendingClub Corporation operates an online lending marketplace that connects borrowers seeking personal and small business credit with individual and institutional investors. The platform leverages technology to streamline the loan application and underwriting process, offering unsecured personal loans, auto refinancing, and small business loans. In addition to lending products, LendingClub provides high-yield savings accounts and certificates of deposit through its banking charter, following its acquisition of Radius Bank in 2021.
Founded in 2006 by Renaud Laplanche, LendingClub pioneered peer-to-peer lending in the United States, helping to democratize access to credit and investment opportunities.
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