Pictet Asset Management Holding SA Sells 68,597 Shares of LendingClub Corporation $LC

Pictet Asset Management Holding SA reduced its position in shares of LendingClub Corporation (NYSE:LC) by 80.5% during the 1st quarter, HoldingsChannel reports. The firm owned 16,607 shares of the credit services provider’s stock after selling 68,597 shares during the period. Pictet Asset Management Holding SA’s holdings in LendingClub were worth $238,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of LendingClub in the 4th quarter worth $40,000. Kestra Advisory Services LLC bought a new position in shares of LendingClub during the 4th quarter worth $44,000. Quarry LP grew its position in shares of LendingClub by 343.0% during the 3rd quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock worth $46,000 after buying an additional 2,346 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of LendingClub during the second quarter valued at $53,000. Finally, Larson Financial Group LLC increased its stake in shares of LendingClub by 1,435.4% during the fourth quarter. Larson Financial Group LLC now owns 3,040 shares of the credit services provider’s stock valued at $58,000 after buying an additional 2,842 shares during the period. 74.08% of the stock is owned by institutional investors.

LendingClub Stock Performance

Shares of NYSE LC opened at $19.21 on Monday. LendingClub Corporation has a 12-month low of $10.74 and a 12-month high of $21.67. The stock’s fifty day simple moving average is $17.68 and its two-hundred day simple moving average is $17.14. The stock has a market capitalization of $2.22 billion, a PE ratio of 12.89 and a beta of 1.98.

LendingClub (NYSE:LC) last released its quarterly earnings results on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.38 by $0.06. The firm had revenue of $252.25 million during the quarter, compared to analyst estimates of $249.10 million. LendingClub had a return on equity of 11.92% and a net margin of 16.99%.The business’s revenue for the quarter was up 15.9% compared to the same quarter last year. During the same period in the previous year, the company posted $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, equities analysts predict that LendingClub Corporation will post 1.74 earnings per share for the current fiscal year.

Insider Activity

In other news, General Counsel Jordan Cheng sold 5,500 shares of the firm’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $17.00, for a total value of $93,500.00. Following the sale, the general counsel directly owned 113,574 shares in the company, valued at approximately $1,930,758. This trade represents a 4.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Scott Sanborn sold 23,851 shares of LendingClub stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $17.86, for a total transaction of $425,978.86. Following the completion of the transaction, the chief executive officer directly owned 1,594,712 shares in the company, valued at approximately $28,481,556.32. The trade was a 1.47% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 119,750 shares of company stock valued at $2,183,691. Company insiders own 3.19% of the company’s stock.

Wall Street Analyst Weigh In

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

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.