Jordan Cheng Sells 5,500 Shares of LendingClub (NYSE:LC) Stock

LendingClub Corporation (NYSE:LC) General Counsel Jordan Cheng sold 5,500 shares of LendingClub stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $17.46, for a total transaction of $96,030.00. Following the completion of the transaction, the general counsel owned 108,074 shares in the company, valued at $1,886,972.04. This trade represents a 4.84% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jordan Cheng also recently made the following trade(s):

• On Thursday, May 28th, Jordan Cheng sold 5,500 shares of LendingClub stock. The stock was sold at an average price of $17.00, for a total transaction of $93,500.00.

LendingClub Price Performance

Shares of LC opened at $18.05 on Friday. The company has a market capitalization of $2.08 billion, a PE ratio of 12.11 and a beta of 1.98. LendingClub Corporation has a one year low of $10.41 and a one year high of $21.67. The company’s fifty day moving average price is $16.48 and its 200 day moving average price is $17.11.

LendingClub (NYSE:LC) last announced its earnings results on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. The firm had revenue of $252.25 million for the quarter, compared to the consensus estimate of $249.10 million. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The business’s quarterly revenue was up 15.9% on a year-over-year basis. During the same quarter last year, the firm posted $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. Analysts anticipate that LendingClub Corporation will post 1.74 earnings per share for the current year.

Institutional Trading of LendingClub

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in LendingClub by 4.6% in the 4th quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock worth $221,547,000 after purchasing an additional 516,542 shares during the last quarter. Wellington Management Group LLP grew its position in LendingClub by 18.8% in 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 purchasing an additional 1,261,861 shares during the last quarter. Dimensional Fund Advisors LP boosted its position 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 valued at $82,482,000 after acquiring an additional 139,746 shares in the last quarter. Senvest Management LLC boosted its position 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 valued at $65,110,000 after acquiring an additional 226,754 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in shares of LendingClub during the 4th quarter valued at about $63,580,000. 74.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LC has been the topic of several recent analyst reports. Stephens reiterated an “overweight” rating and issued a $22.50 target price (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. Weiss Ratings reiterated a “hold (c+)” rating on shares of LendingClub in a report on Wednesday, May 6th. Wall Street Zen downgraded shares of LendingClub from a “buy” rating to a “hold” rating in a report on Sunday, February 15th. Finally, Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, LendingClub has an average rating of “Moderate Buy” and a consensus target price of $23.07.

About LendingClub

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.