46,643 Shares in LendingClub Corporation $LC Bought by Jennison Associates LLC

Jennison Associates LLC bought a new position in LendingClub Corporation (NYSE:LC) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 46,643 shares of the credit services provider’s stock, valued at approximately $668,000.

A number of other hedge funds also recently added to or reduced their stakes in LC. International Assets Investment Management LLC acquired a new position in shares of LendingClub during the fourth quarter valued at $40,000. Kestra Advisory Services LLC acquired a new stake in shares of LendingClub in the 4th quarter worth about $44,000. Quarry LP lifted its position in LendingClub by 343.0% in 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 last quarter. Larson Financial Group LLC lifted its position in LendingClub by 1,435.4% in the 4th quarter. Larson Financial Group LLC now owns 3,040 shares of the credit services provider’s stock valued at $58,000 after purchasing an additional 2,842 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in LendingClub during the 3rd quarter valued at about $59,000. 74.08% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

LC has been the topic of several analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of LendingClub in a research note on Wednesday, May 6th. Stephens reiterated an “overweight” rating and set a $22.50 price objective (up from $21.00) on shares of LendingClub in a research report on Tuesday, April 28th. Finally, Zacks Research raised 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 given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.07.

Insider Transactions at LendingClub

In other LendingClub news, SVP Fergal Stack sold 60,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The stock was sold at an average price of $19.00, for a total value of $1,140,000.00. Following the completion of the sale, the senior vice president directly owned 204,977 shares in the company, valued at $3,894,563. This represents a 22.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Andrew Labenne sold 20,000 shares of the stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $17.00, for a total value of $340,000.00. Following the transaction, the chief financial officer directly owned 234,955 shares of the company’s stock, valued at approximately $3,994,235. The trade was a 7.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 119,750 shares of company stock worth $2,183,691 in the last three months. 3.19% of the stock is currently owned by company insiders.

LendingClub Price Performance

Shares of NYSE LC opened at $19.21 on Thursday. The stock has a market cap of $2.22 billion, a P/E ratio of 12.89 and a beta of 1.98. The firm’s 50-day simple moving average is $18.09 and its 200 day simple moving average is $17.13. LendingClub Corporation has a fifty-two week low of $10.74 and a fifty-two week high of $21.67.

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

LendingClub Company Profile

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.