LendingClub Co. (NYSE:LC - Get Free Report) CEO Scott Sanborn sold 5,250 shares of the business's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $10.34, for a total value of $54,285.00. Following the completion of the transaction, the chief executive officer now directly owns 1,297,782 shares in the company, valued at approximately $13,419,065.88. This represents a 0.40 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Scott Sanborn also recently made the following trade(s):
- On Wednesday, April 9th, Scott Sanborn sold 5,250 shares of LendingClub stock. The stock was sold at an average price of $10.00, for a total transaction of $52,500.00.
- On Thursday, February 6th, Scott Sanborn sold 17,000 shares of LendingClub stock. The stock was sold at an average price of $13.76, for a total value of $233,920.00.
LendingClub Price Performance
Shares of LendingClub stock opened at $10.96 on Friday. The business has a fifty day simple moving average of $10.74 and a two-hundred day simple moving average of $13.64. LendingClub Co. has a 1 year low of $7.48 and a 1 year high of $18.75. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 24.36 and a beta of 2.09.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on LC. JPMorgan Chase & Co. cut their target price on shares of LendingClub from $17.00 to $14.00 and set a "neutral" rating on the stock in a research report on Monday, March 10th. StockNews.com upgraded shares of 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 previously from $17.00) on shares of LendingClub in a report on Wednesday, January 29th. Finally, Piper Sandler reiterated an "overweight" rating and set a $19.00 target price (down previously from $20.00) on shares of LendingClub in a research report on Wednesday, January 29th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, LendingClub has an average rating of "Moderate Buy" and an average price target of $16.00.
View Our Latest Stock Analysis on LendingClub
Institutional Investors Weigh In On LendingClub
A number of hedge funds and other institutional investors have recently modified their holdings of the company. KBC Group NV bought a new position in shares of LendingClub during the first quarter worth approximately $67,000. Highland Capital Management LLC grew its position in LendingClub by 24.4% during the first quarter. Highland Capital Management LLC now owns 13,841 shares of the credit services provider's stock worth $143,000 after buying an additional 2,717 shares in the last quarter. Asset Management One Co. Ltd. increased its stake in LendingClub by 95.4% during the 1st quarter. Asset Management One Co. Ltd. now owns 9,526 shares of the credit services provider's stock worth $98,000 after acquiring an additional 4,651 shares during the period. Oppenheimer Asset Management Inc. raised its holdings in LendingClub by 35.5% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 39,340 shares of the credit services provider's stock valued at $406,000 after acquiring an additional 10,314 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of LendingClub during the 1st quarter valued at $161,000. Institutional investors and hedge funds 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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