Y Intercept Hong Kong Ltd Sells 34,952 Shares of LendingClub Corporation $LC

Y Intercept Hong Kong Ltd lowered its stake in shares of LendingClub Corporation (NYSE:LC) by 24.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 107,139 shares of the credit services provider’s stock after selling 34,952 shares during the period. Y Intercept Hong Kong Ltd owned 0.09% of LendingClub worth $1,534,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in LendingClub by 4.6% in the fourth quarter. Vanguard Group Inc. now owns 11,697,333 shares of the credit services provider’s stock worth $221,547,000 after buying an additional 516,542 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of LendingClub by 18.8% during the 3rd quarter. Wellington Management Group LLP now owns 7,960,550 shares of the credit services provider’s stock valued at $120,921,000 after buying an additional 1,261,861 shares during the last quarter. Fuller & Thaler Asset Management Inc. purchased a new position in shares of LendingClub during the 4th quarter valued at $63,580,000. Azora Capital LP grew its stake in shares of LendingClub by 258.2% during the 3rd quarter. Azora Capital LP now owns 2,391,190 shares of the credit services provider’s stock worth $36,322,000 after acquiring an additional 1,723,658 shares during the period. Finally, Balyasny Asset Management L.P. grew its stake in shares of LendingClub by 12.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,984,349 shares of the credit services provider’s stock worth $30,142,000 after acquiring an additional 226,325 shares during the period. Institutional investors own 74.08% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Weiss Ratings restated a “hold (c+)” rating on shares of LendingClub in a research note on Wednesday, May 6th. Zacks Research upgraded shares of LendingClub from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 28th. Finally, Stephens reiterated an “overweight” rating and issued a $22.50 target price (up from $21.00) on shares of LendingClub in a research note on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $23.07.

LendingClub Price Performance

Shares of NYSE LC remained flat at $19.21 during mid-day trading on Friday. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 12.89 and a beta of 1.98. LendingClub Corporation has a twelve month low of $10.74 and a twelve month high of $21.67. The business’s 50-day moving average price is $17.68 and its 200 day moving average price is $17.16.

LendingClub (NYSE:LC) last issued its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.06. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The business had revenue of $252.25 million for the quarter, compared to analysts’ expectations of $249.10 million. During the same quarter in the prior year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 15.9% on a year-over-year basis. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. Equities research analysts anticipate that LendingClub Corporation will post 1.74 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Andrew Labenne sold 20,000 shares of the stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $17.00, for a total value of $340,000.00. Following the sale, the chief financial officer directly owned 234,955 shares of the company’s stock, valued at approximately $3,994,235. This represents a 7.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott Sanborn sold 4,899 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $18.00, for a total transaction of $88,182.00. Following the completion of the transaction, the chief executive officer owned 1,589,813 shares of the company’s stock, valued at $28,616,634. This trade represents a 0.31% 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. In the last ninety days, insiders have sold 119,750 shares of company stock valued at $2,183,691. Corporate insiders own 3.19% of the company’s stock.

LendingClub 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.