LendingClub Corp (NYSE:LC) Director Mary G. Meeker sold 40,333 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $3.25, for a total transaction of $131,082.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Mary G. Meeker also recently made the following trade(s):

  • On Friday, May 17th, Mary G. Meeker sold 350,500 shares of LendingClub stock. The shares were sold at an average price of $3.31, for a total transaction of $1,160,155.00.
  • On Wednesday, May 15th, Mary G. Meeker sold 250,000 shares of LendingClub stock. The shares were sold at an average price of $3.35, for a total transaction of $837,500.00.
  • On Monday, May 13th, Mary G. Meeker sold 276,500 shares of LendingClub stock. The shares were sold at an average price of $3.41, for a total transaction of $942,865.00.
  • On Thursday, May 9th, Mary G. Meeker sold 100,000 shares of LendingClub stock. The shares were sold at an average price of $3.57, for a total transaction of $357,000.00.

Shares of LC stock remained flat at $$3.24 during mid-day trading on Tuesday. 1,126,367 shares of the company’s stock were exchanged, compared to its average volume of 2,211,886. LendingClub Corp has a 12-month low of $2.46 and a 12-month high of $4.55. The stock has a market capitalization of $1.40 billion, a PE ratio of -46.29 and a beta of 1.67. The company has a debt-to-equity ratio of 2.27, a current ratio of 4.88 and a quick ratio of 3.93.

LendingClub (NYSE:LC) last announced its quarterly earnings results on Tuesday, May 7th. The credit services provider reported ($0.03) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.03). LendingClub had a negative net margin of 16.31% and a negative return on equity of 3.19%. The company had revenue of $174.40 million for the quarter, compared to analysts’ expectations of $170.45 million. During the same quarter in the previous year, the company earned $0.01 earnings per share. LendingClub’s quarterly revenue was up 15.0% on a year-over-year basis. On average, research analysts expect that LendingClub Corp will post -0.04 EPS for the current fiscal year.

A number of research firms have issued reports on LC. Zacks Investment Research upgraded shares of LendingClub from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a research report on Saturday, May 11th. Wedbush set a $4.00 price objective on shares of LendingClub and gave the company a “hold” rating in a research report on Wednesday, February 20th. Finally, Maxim Group restated a “buy” rating and issued a $4.50 price objective on shares of LendingClub in a research report on Wednesday, February 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $4.88.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. BlueMountain Capital Management LLC bought a new position in LendingClub during the first quarter valued at approximately $459,000. Goldman Sachs Group Inc. lifted its position in LendingClub by 120.9% during the first quarter. Goldman Sachs Group Inc. now owns 1,495,288 shares of the credit services provider’s stock valued at $4,620,000 after purchasing an additional 818,289 shares during the period. ExodusPoint Capital Management LP bought a new position in LendingClub during the first quarter valued at approximately $341,000. Marshall Wace LLP bought a new position in LendingClub during the first quarter valued at approximately $509,000. Finally, Geode Capital Management LLC lifted its position in LendingClub by 15.7% during the first quarter. Geode Capital Management LLC now owns 4,682,221 shares of the credit services provider’s stock valued at $14,468,000 after purchasing an additional 634,147 shares during the period. Institutional investors own 87.59% of the company’s stock.

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About LendingClub

LendingClub Corporation operates an online lending marketplace platform that connects borrowers and investors in the United States. The company's marketplace facilitates various types of loan products for consumers and small businesses, including unsecured personal loans, unsecured education and patient installment loans, auto refinance loans, and small business loans.

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