LendingClub Co. (NYSE:LC – Get Rating) insider Annie Armstrong sold 1,290 shares of the business’s stock in a transaction dated Thursday, July 7th. The stock was sold at an average price of $13.00, for a total value of $16,770.00. Following the transaction, the insider now owns 103,628 shares of the company’s stock, valued at $1,347,164. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Annie Armstrong also recently made the following trade(s):
- On Tuesday, June 7th, Annie Armstrong sold 3,317 shares of LendingClub stock. The stock was sold at an average price of $15.57, for a total value of $51,645.69.
- On Monday, May 9th, Annie Armstrong sold 1,290 shares of LendingClub stock. The stock was sold at an average price of $14.49, for a total value of $18,692.10.
- On Thursday, April 28th, Annie Armstrong sold 2,027 shares of LendingClub stock. The stock was sold at an average price of $17.00, for a total value of $34,459.00.
NYSE:LC traded down $0.37 during trading hours on Monday, reaching $12.29. 997,170 shares of the stock were exchanged, compared to its average volume of 2,366,790. LendingClub Co. has a twelve month low of $11.16 and a twelve month high of $49.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.17 and a quick ratio of 1.08. The firm has a 50 day moving average of $13.67 and a 200 day moving average of $16.41. The stock has a market cap of $1.26 billion, a PE ratio of 12.17 and a beta of 2.00.
LendingClub (NYSE:LC – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The credit services provider reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.14. LendingClub had a return on equity of 26.12% and a net margin of 10.63%. The firm had revenue of $289.50 million during the quarter, compared to the consensus estimate of $262.43 million. During the same quarter in the prior year, the firm posted ($0.49) EPS. The business’s revenue was up 173.6% on a year-over-year basis. Equities research analysts anticipate that LendingClub Co. will post 1.58 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in LC. Foundation Capital LLC bought a new stake in shares of LendingClub during the 4th quarter worth approximately $48,999,000. Bank of America Corp DE raised its stake in shares of LendingClub by 154.0% during the 1st quarter. Bank of America Corp DE now owns 1,990,352 shares of the credit services provider’s stock worth $31,408,000 after purchasing an additional 1,206,662 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of LendingClub by 725.0% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,130,300 shares of the credit services provider’s stock worth $17,836,000 after purchasing an additional 993,300 shares in the last quarter. Point72 Asset Management L.P. raised its stake in shares of LendingClub by 130.2% during the 4th quarter. Point72 Asset Management L.P. now owns 1,647,395 shares of the credit services provider’s stock worth $39,834,000 after purchasing an additional 931,673 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of LendingClub by 348.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,166,354 shares of the credit services provider’s stock worth $18,405,000 after purchasing an additional 905,980 shares in the last quarter. 80.27% of the stock is owned by hedge funds and other institutional investors.
Separately, StockNews.com assumed coverage on LendingClub in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $40.80.
LendingClub Company Profile (Get Rating)
LendingClub Corporation, operates as a bank holding company for LendingClub Bank, National Association that provides range of financial products and services through a technology-driven platform in the United States. The company provides commercial and industrial, commercial real estate, small business, and equipment loans, as well as leases equipment; and unsecured personal and auto, patient finance, and education finance loans.