LendingClub Co. (NYSE:LC - Get Free Report) CEO Scott Sanborn sold 5,250 shares of the business's stock in a transaction dated Wednesday, April 9th. The shares were sold at an average price of $10.00, for a total value of $52,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,303,032 shares of the company's stock, valued at approximately $13,030,320. This trade represents a 0.40 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Scott Sanborn also recently made the following trade(s):
- On Thursday, February 6th, Scott Sanborn sold 17,000 shares of LendingClub stock. The shares were sold at an average price of $13.76, for a total transaction of $233,920.00.
LendingClub Stock Performance
Shares of LC opened at $9.20 on Friday. The stock has a 50 day moving average price of $11.50 and a 200 day moving average price of $13.76. LendingClub Co. has a one year low of $7.48 and a one year high of $18.75. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 20.43 and a beta of 2.09.
Analyst Ratings Changes
A number of equities analysts recently weighed in on the company. StockNews.com raised LendingClub from a "sell" rating to a "hold" rating in a report on Friday, April 4th. Keefe, Bruyette & Woods reaffirmed an "outperform" rating and set a $16.00 target price (down from $17.00) on shares of LendingClub in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on shares of LendingClub from $17.00 to $14.00 and set a "neutral" rating on the stock in a research note on Monday, March 10th. Finally, Piper Sandler restated an "overweight" rating and set a $19.00 price objective (down from $20.00) on shares of LendingClub in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $16.00.
Read Our Latest Analysis on LC
Institutional Investors Weigh In On LendingClub
A number of large investors have recently modified their holdings of LC. Comerica Bank acquired a new stake in shares of LendingClub in the fourth quarter valued at approximately $37,000. SBI Securities Co. Ltd. purchased a new stake in LendingClub in the 4th quarter valued at $45,000. Sterling Capital Management LLC grew its holdings in LendingClub by 818.6% in the 4th quarter. Sterling Capital Management LLC now owns 3,500 shares of the credit services provider's stock valued at $57,000 after buying an additional 3,119 shares in the last quarter. National Bank of Canada FI increased its stake in shares of LendingClub by 150.6% in the 4th quarter. National Bank of Canada FI now owns 4,074 shares of the credit services provider's stock worth $66,000 after acquiring an additional 2,448 shares during the last quarter. Finally, FMR LLC raised its holdings in shares of LendingClub by 32.1% during the 3rd quarter. FMR LLC now owns 5,865 shares of the credit services provider's stock worth $67,000 after acquiring an additional 1,424 shares during the period. Hedge funds and other institutional investors own 74.08% of the company's stock.
About LendingClub
(
Get Free Report)
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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