Creek Drive Management Group LLC Acquires Shares of 91,000 LendingClub Corporation $LC

Creek Drive Management Group LLC acquired a new stake in shares of LendingClub Corporation (NYSE:LC) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 91,000 shares of the credit services provider’s stock, valued at approximately $1,724,000. LendingClub comprises approximately 1.2% of Creek Drive Management Group LLC’s holdings, making the stock its 26th biggest position. Creek Drive Management Group LLC owned 0.08% of LendingClub at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of LendingClub in the 3rd quarter worth about $26,000. International Assets Investment Management LLC acquired a new position in LendingClub during the 4th quarter valued at about $40,000. Kestra Advisory Services LLC bought a new stake in LendingClub during the 4th quarter worth approximately $44,000. Quarry LP increased its holdings in 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 purchasing an additional 2,346 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in LendingClub by 1,435.4% during the 4th quarter. Larson Financial Group LLC now owns 3,040 shares of the credit services provider’s stock worth $58,000 after purchasing an additional 2,842 shares in the last quarter. 74.08% of the stock is owned by institutional investors.

LendingClub Stock Performance

LendingClub stock opened at $19.21 on Friday. LendingClub Corporation has a fifty-two week low of $10.74 and a fifty-two week high of $21.67. The firm’s 50-day simple moving average is $16.92 and its 200 day simple moving average is $17.16. The stock has a market cap of $2.22 billion, a PE ratio of 12.89 and a beta of 1.98.

LendingClub (NYSE:LC) last posted its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.38 by $0.06. LendingClub had a net margin of 16.99% and a return on equity of 11.92%. The firm had revenue of $252.25 million during the quarter, compared to analyst estimates of $249.10 million. During the same quarter last year, the business posted $0.10 EPS. The company’s revenue for the quarter 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. As a group, analysts predict that LendingClub Corporation will post 1.74 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other LendingClub news, CFO Andrew Labenne sold 20,000 shares of the business’s stock in a transaction on Thursday, May 28th. The stock was sold at an average price of $17.00, for a total value of $340,000.00. Following the transaction, the chief financial officer owned 234,955 shares of the company’s stock, valued at approximately $3,994,235. The trade was a 7.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Jordan Cheng sold 5,500 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $17.46, for a total value of $96,030.00. Following the completion of the transaction, the general counsel owned 108,074 shares of the company’s stock, valued at $1,886,972.04. This trade represents a 4.84% 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 ninety days, insiders sold 119,750 shares of company stock valued at $2,183,691. 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.