--- title: "Jordan Cheng Sells 5,500 Shares of LendingClub (NYSE:LC) Stock" type: "News" locale: "en" url: "https://longbridge.com/en/news/289586724.md" description: "LendingClub General Counsel Jordan Cheng sold 5,500 shares on June 10 at $17.46/share via a Rule 10b5-1 plan, reducing his stake by 4.84%. He retains 108,074 shares valued at ~$1.89M. This follows a similar sale on May 28. LendingClub recently beat Q1 earnings estimates with $0.44 EPS and raised FY2026 guidance. Analysts maintain a 'Moderate Buy' consensus with an average price target of $23.07." datetime: "2026-06-12T10:59:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/289586724.md) - [en](https://longbridge.com/en/news/289586724.md) - [zh-HK](https://longbridge.com/zh-HK/news/289586724.md) --- # Jordan Cheng Sells 5,500 Shares of LendingClub (NYSE:LC) Stock LendingClub Corporation (NYSE:LC - Get Free Report) General Counsel Jordan Cheng sold 5,500 shares of LendingClub stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $17.46, for a total value of $96,030.00. Following the transaction, the general counsel owned 108,074 shares in the company, valued at approximately $1,886,972.04. This represents a 4.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. - LendingClub: A Digital Bank Growing Again Like a Fintech Jordan Cheng also recently made the following trade(s): - On Thursday, May 28th, Jordan Cheng sold 5,500 shares of LendingClub stock. The stock was sold at an average price of $17.00, for a total value of $93,500.00. ## LendingClub Stock Up 5.7% NYSE LC opened at $18.20 on Friday. LendingClub Corporation has a 52 week low of $10.41 and a 52 week high of $21.67. The business's fifty day simple moving average is $16.41 and its 200-day simple moving average is $17.10. The firm has a market cap of $2.10 billion, a PE ratio of 12.21 and a beta of 1.98. * * * * * * - Congress Beat the Market Again—Here Are the 3 Stocks They Bought LendingClub (NYSE:LC - Get Free Report) last issued its quarterly earnings data on Monday, April 27th. The credit services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.06. The firm had revenue of $252.25 million for 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% on a year-over-year basis. During the same period in the previous year, the firm earned $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. Research analysts expect that LendingClub Corporation will post 1.74 EPS for the current year. ## Wall Street Analyst Weigh In LC has been the topic of several research analyst reports. Weiss Ratings restated a "hold (c+)" rating on shares of LendingClub in a report on Wednesday, May 6th. Stephens restated an "overweight" rating and issued a $22.50 price objective (up from $21.00) on shares of LendingClub in a report on Tuesday, April 28th. Zacks Research upgraded shares of LendingClub from a "hold" rating to a "strong-buy" rating in a report on Tuesday, April 28th. Finally, Wall Street Zen lowered shares of LendingClub from a "buy" rating to a "hold" rating in a report on Sunday, February 15th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, LendingClub presently has a consensus rating of "Moderate Buy" and an average target price of $23.07. - AI-Powered Lending Stock Surges on Rate Cut Hopes **Read Our Latest Report on LendingClub** ## Hedge Funds Weigh In On LendingClub Several institutional investors have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in LendingClub by 3.5% in the 3rd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 23,482 shares of the credit services provider's stock valued at $357,000 after acquiring an additional 793 shares in the last quarter. Osaic Holdings Inc. grew its position in LendingClub by 8.8% in the 2nd quarter. Osaic Holdings Inc. now owns 13,354 shares of the credit services provider's stock valued at $160,000 after acquiring an additional 1,084 shares in the last quarter. Jones Financial Companies Lllp grew its position in LendingClub by 46.7% in the 3rd quarter. Jones Financial Companies Lllp now owns 4,051 shares of the credit services provider's stock valued at $67,000 after acquiring an additional 1,290 shares in the last quarter. ProShare Advisors LLC grew its position in LendingClub by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 20,704 shares of the credit services provider's stock valued at $392,000 after acquiring an additional 1,335 shares in the last quarter. Finally, SBI Securities Co. Ltd. grew its position in LendingClub by 13.8% in the 4th quarter. SBI Securities Co. Ltd. now owns 13,533 shares of the credit services provider's stock valued at $256,000 after acquiring an additional 1,645 shares in the last quarter. 74.08% of the stock is owned by institutional investors and hedge funds. ## LendingClub Company Profile (Get Free Report) 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. ## Read More - Five stocks we like better than LendingClub - Microsoft Just Gave Investors 3 Dates They Can't Afford to Ignore - NVIDIA’s Outlook Gains Momentum: Stock Price to Follow - The World Cup Is Coming—These 3 Stocks Could Cash In - Spotify's "North Star" Outlook Was Music to Investors Ears _This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to \[email protected\]._ Insider Buying or Selling at LendingClub? Sign-up to receive InsiderTrades.com's daily insider buying and selling report for LendingClub and related companies. From Our Partners Is your wealth prepared for “America’s Most Dangerous Man”? 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