Y Intercept Hong Kong Ltd reduced its holdings in LendingClub Corporation (NYSE:LC – Free Report) by 24.6% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,139 shares of the credit services provider’s stock after selling 34,952 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in LendingClub were worth $1,534,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of LC. Vanguard Group Inc. boosted its position 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 valued at $221,547,000 after acquiring an additional 516,542 shares during the last quarter. Wellington Management Group LLP increased its position in shares of LendingClub by 18.8% in the third quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock worth $120,921,000 after purchasing an additional 1,261,861 shares during the last quarter. Fuller & Thaler Asset Management Inc. bought a new position in shares of LendingClub in the fourth quarter worth approximately $63,580,000. Azora Capital LP raised its stake in LendingClub by 258.2% in the third quarter. Azora Capital LP now owns 2,391,190 shares of the credit services provider’s stock valued at $36,322,000 after purchasing an additional 1,723,658 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its stake in LendingClub by 12.9% in the third quarter. Balyasny Asset Management L.P. now owns 1,984,349 shares of the credit services provider’s stock valued at $30,142,000 after purchasing an additional 226,325 shares in the last quarter. Hedge funds and other institutional investors own 74.08% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have issued reports on LC. Weiss Ratings reiterated a “hold (c+)” rating on shares of LendingClub in a research report on Wednesday, May 6th. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, Stephens reaffirmed an “overweight” rating and set a $22.50 price objective (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, LendingClub presently has a consensus rating of “Moderate Buy” and a consensus price target of $23.07.
Insider Buying and Selling at LendingClub
In other news, SVP Fergal Stack sold 60,000 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The stock was sold at an average price of $19.00, for a total transaction of $1,140,000.00. Following the transaction, the senior vice president directly owned 204,977 shares of the company’s stock, valued at approximately $3,894,563. This trade represents a 22.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew Labenne sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $17.00, for a total value of $340,000.00. Following the transaction, the chief financial officer owned 234,955 shares in the company, valued at approximately $3,994,235. The trade was a 7.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 119,750 shares of company stock worth $2,183,691 in the last 90 days. 3.19% of the stock is owned by company insiders.
LendingClub Price Performance
LC remained flat at $19.21 during midday trading on Friday. LendingClub Corporation has a 52 week low of $10.74 and a 52 week high of $21.67. The business has a fifty day moving average price of $17.68 and a 200-day moving average price of $17.16. The company has a market capitalization of $2.22 billion, a P/E ratio of 12.89 and a beta of 1.98.
LendingClub (NYSE:LC – Get Free Report) last announced its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The firm had revenue of $252.25 million during the quarter, compared to analyst estimates of $249.10 million. During the same period in the previous year, the business posted $0.10 EPS. The business’s quarterly revenue was up 15.9% on a year-over-year basis. 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, analysts forecast that LendingClub Corporation will post 1.74 earnings per share for the current fiscal year.
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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