Tudor Investment Corp ET AL purchased a new stake in LendingClub Corporation (NYSE:LC - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 178,918 shares of the credit services provider's stock, valued at approximately $2,718,000. Tudor Investment Corp ET AL owned 0.16% of LendingClub as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in shares of LendingClub in the 3rd quarter valued at about $26,000. Quarry LP boosted its stake in LendingClub by 343.0% during the 3rd quarter. Quarry LP now owns 3,030 shares of the credit services provider's stock valued at $46,000 after purchasing an additional 2,346 shares during the period. Headlands Technologies LLC acquired a new position in LendingClub during the 2nd quarter valued at about $53,000. Advisory Services Network LLC acquired a new position in LendingClub during the 3rd quarter valued at about $59,000. Finally, Jones Financial Companies Lllp boosted its stake in LendingClub by 46.7% during the 3rd quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider's stock valued at $67,000 after purchasing an additional 1,290 shares during the period. 74.08% of the stock is owned by institutional investors and hedge funds.
Insider Activity
In other news, Director Erin Selleck sold 2,390 shares of the business's stock in a transaction that occurred on Thursday, March 5th. The shares were sold at an average price of $15.46, for a total transaction of $36,949.40. Following the sale, the director owned 78,767 shares in the company, valued at $1,217,737.82. The trade was a 2.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.19% of the stock is owned by corporate insiders.
LendingClub Price Performance
NYSE LC opened at $14.76 on Friday. The company's 50 day simple moving average is $15.09 and its 200 day simple moving average is $17.08. LendingClub Corporation has a 12 month low of $8.83 and a 12 month high of $21.67. The company has a market capitalization of $1.70 billion, a P/E ratio of 12.83 and a beta of 1.95.
LendingClub (NYSE:LC - Get Free Report) last released its earnings results on Wednesday, January 28th. The credit services provider reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. LendingClub had a net margin of 13.58% and a return on equity of 9.47%. The business had revenue of $266.47 million for the quarter, compared to the consensus estimate of $262.88 million. During the same period in the previous year, the firm earned $0.08 EPS. The business's revenue for the quarter was up 22.7% on a year-over-year basis. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q1 2026 guidance at 0.340-0.390 EPS. On average, analysts anticipate that LendingClub Corporation will post 0.72 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on LC. Zacks Research lowered shares of LendingClub from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 30th. Weiss Ratings restated a "hold (c)" rating on shares of LendingClub in a research report on Monday, December 29th. BTIG Research restated a "buy" rating and set a $26.00 price target on shares of LendingClub in a research report on Thursday, January 29th. Wall Street Zen downgraded shares of LendingClub from a "buy" rating to a "hold" rating in a research report on Sunday, February 15th. Finally, Piper Sandler restated an "overweight" rating and set a $23.00 price target on shares of LendingClub in a research report on Thursday, January 29th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, LendingClub has a consensus rating of "Moderate Buy" and an average price target of $22.00.
Read Our Latest Research Report on LC
About LendingClub
(
Free Report)
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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