LendingClub Co. (NYSE:LC - Get Free Report) CEO Scott Sanborn sold 17,000 shares of the company's stock in a transaction on Thursday, February 6th. The stock was sold at an average price of $13.76, for a total transaction of $233,920.00. Following the completion of the sale, the chief executive officer now owns 1,295,184 shares of the company's stock, valued at $17,821,731.84. This represents a 1.30 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Scott Sanborn also recently made the following trade(s):
- On Thursday, January 2nd, Scott Sanborn sold 17,000 shares of LendingClub stock. The stock was sold at an average price of $16.12, for a total transaction of $274,040.00.
- On Thursday, December 5th, Scott Sanborn sold 17,000 shares of LendingClub stock. The stock was sold at an average price of $15.84, for a total transaction of $269,280.00.
LendingClub Stock Performance
LendingClub stock traded down $0.04 during trading hours on Tuesday, hitting $13.25. 1,012,377 shares of the stock were exchanged, compared to its average volume of 2,225,931. The stock has a market capitalization of $1.49 billion, a P/E ratio of 29.44 and a beta of 2.00. LendingClub Co. has a 12 month low of $7.48 and a 12 month high of $18.75. The business's 50-day moving average is $15.90 and its two-hundred day moving average is $13.73.
Institutional Trading of LendingClub
Several hedge funds have recently modified their holdings of LC. The Manufacturers Life Insurance Company grew its stake in shares of LendingClub by 0.5% during the second quarter. The Manufacturers Life Insurance Company now owns 302,844 shares of the credit services provider's stock valued at $2,562,000 after purchasing an additional 1,445 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in LendingClub by 212.4% in the second quarter. Cubist Systematic Strategies LLC now owns 345,079 shares of the credit services provider's stock valued at $2,919,000 after acquiring an additional 234,611 shares during the last quarter. SG Americas Securities LLC boosted its stake in LendingClub by 223.0% in the third quarter. SG Americas Securities LLC now owns 39,866 shares of the credit services provider's stock valued at $456,000 after acquiring an additional 27,522 shares during the last quarter. Creative Planning boosted its stake in LendingClub by 20.3% in the third quarter. Creative Planning now owns 33,695 shares of the credit services provider's stock valued at $385,000 after acquiring an additional 5,695 shares during the last quarter. Finally, AlphaMark Advisors LLC bought a new position in LendingClub in the third quarter valued at approximately $32,000. 74.08% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
LC has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $19.00 price objective (down previously from $20.00) on shares of LendingClub in a research report on Wednesday, January 29th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $17.00 price objective (up previously from $14.00) on shares of LendingClub in a research report on Monday, December 2nd. StockNews.com lowered shares of LendingClub from a "hold" rating to a "sell" rating in a research report on Friday, October 25th. Maxim Group upped their price objective on shares of LendingClub from $16.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, October 25th. Finally, Compass Point upped their price objective on shares of LendingClub from $15.00 to $19.00 and gave the company a "buy" rating in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, LendingClub currently has a consensus rating of "Moderate Buy" and an average target price of $16.38.
Read Our Latest Analysis on LendingClub
LendingClub Company Profile
(
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LendingClub Corporation, operates as a bank holding company, that provides range of financial products and services in the United States. It offers deposit products, including savings accounts, checking accounts, and certificates of deposit. The company also provides loan products, such as consumer loans comprising unsecured personal loans, secured auto refinance loans, and patient and education finance loans; and commercial loans, including small business loans.
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