91,000 Shares in LendingClub Corporation $LC Purchased by Creek Drive Management Group LLC

Creek Drive Management Group LLC acquired a new position in LendingClub Corporation (NYSE:LC) during the 4th quarter, HoldingsChannel reports. The fund acquired 91,000 shares of the credit services provider’s stock, valued at approximately $1,724,000. LendingClub comprises 1.2% of Creek Drive Management Group LLC’s investment portfolio, making the stock its 26th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new position in shares of LendingClub during the 3rd quarter valued at approximately $26,000. International Assets Investment Management LLC purchased a new stake in shares of LendingClub during the 4th quarter worth approximately $40,000. Kestra Advisory Services LLC bought a new stake in shares of LendingClub in the 4th quarter worth approximately $44,000. Quarry LP raised its holdings in shares of LendingClub by 343.0% in the 3rd quarter. Quarry LP now owns 3,030 shares of the credit services provider’s stock worth $46,000 after purchasing an additional 2,346 shares during the period. Finally, Headlands Technologies LLC bought a new stake in shares of LendingClub in the 2nd quarter worth approximately $53,000. 74.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other LendingClub news, CEO Scott Sanborn sold 4,899 shares of the stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $18.00, for a total value of $88,182.00. Following the sale, the chief executive officer directly owned 1,589,813 shares in the company, valued at $28,616,634. This represents a 0.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jordan Cheng sold 5,500 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $17.46, for a total transaction of $96,030.00. Following the completion of the transaction, the general counsel directly owned 108,074 shares of the company’s stock, valued at approximately $1,886,972.04. The trade was a 4.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 119,750 shares of company stock worth $2,183,691. Insiders own 3.19% of the company’s stock.

LendingClub Stock Up 0.0%

Shares of LC opened at $19.21 on Friday. LendingClub Corporation has a twelve month low of $10.74 and a twelve month high of $21.67. The stock has a market cap of $2.22 billion, a PE ratio of 12.89 and a beta of 1.98. The business’s 50-day moving average price is $16.92 and its 200-day moving average price is $17.16.

LendingClub (NYSE:LC) last released its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.06. The company had revenue of $252.25 million during the quarter, compared to analyst estimates of $249.10 million. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. LendingClub’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business earned $0.10 earnings per share. LendingClub has set its FY 2026 guidance at 1.650-1.800 EPS and its Q2 2026 guidance at 0.400-0.450 EPS. Analysts expect that LendingClub Corporation will post 1.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of LendingClub in a research note on Wednesday, May 6th. Stephens reissued an “overweight” rating and issued a $22.50 target price (up from $21.00) on shares of LendingClub in a research report on Tuesday, April 28th. Finally, Zacks Research upgraded LendingClub from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $23.07.

About LendingClub

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.