Anthony Li Hsieh Sells 217,774 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 217,774 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $2.28, for a total value of $496,524.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Anthony Li Hsieh also recently made the following trade(s):

• On Thursday, December 18th, Anthony Li Hsieh sold 223,488 shares of loanDepot stock. The shares were sold at an average price of $2.32, for a total transaction of $518,492.16.
• On Wednesday, December 17th, Anthony Li Hsieh sold 308,379 shares of loanDepot stock. The stock was sold at an average price of $2.29, for a total transaction of $706,187.91.
• On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The stock was sold at an average price of $2.41, for a total transaction of $699,160.28.
• On Monday, December 15th, Anthony Li Hsieh sold 260,251 shares of loanDepot stock. The shares were sold at an average price of $2.49, for a total transaction of $648,024.99.
• On Wednesday, December 10th, Anthony Li Hsieh sold 230,815 shares of loanDepot stock. The stock was sold at an average price of $2.69, for a total transaction of $620,892.35.
• On Tuesday, December 9th, Anthony Li Hsieh sold 399,919 shares of loanDepot stock. The shares were sold at an average price of $2.67, for a total value of $1,067,783.73.
• On Monday, December 8th, Anthony Li Hsieh sold 369,266 shares of loanDepot stock. The stock was sold at an average price of $2.81, for a total value of $1,037,637.46.
• On Monday, November 17th, Anthony Li Hsieh sold 178,501 shares of loanDepot stock. The shares were sold at an average price of $2.50, for a total value of $446,252.50.
• On Friday, November 14th, Anthony Li Hsieh sold 1,121,499 shares of loanDepot stock. The shares were sold at an average price of $2.50, for a total value of $2,803,747.50.
• On Wednesday, November 12th, Anthony Li Hsieh sold 700,000 shares of loanDepot stock. The shares were sold at an average price of $2.87, for a total value of $2,009,000.00.

loanDepot Trading Down 2.6%

Shares of loanDepot stock opened at $2.25 on Friday. loanDepot, Inc. has a 1 year low of $1.01 and a 1 year high of $5.05. The company’s fifty day simple moving average is $2.83 and its 200-day simple moving average is $2.40. The company has a market cap of $749.79 million, a price-to-earnings ratio of -6.25 and a beta of 3.45. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 6.94.

loanDepot (NYSE:LDI) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The firm had revenue of $325.16 million during the quarter, compared to the consensus estimate of $309.20 million. loanDepot had a negative net margin of 6.46% and a negative return on equity of 22.40%. As a group, sell-side analysts expect that loanDepot, Inc. will post -0.23 EPS for the current year.

Analysts Set New Price Targets

LDI has been the subject of a number of research reports. BTIG Research reiterated a “neutral” rating on shares of loanDepot in a research report on Wednesday, September 10th. Morgan Stanley set a $1.75 target price on loanDepot in a research report on Monday, December 1st. Wall Street Zen raised shares of loanDepot from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a research note on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their target price on shares of loanDepot from $1.45 to $3.00 and gave the company a “sell” rating in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $2.58.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. lifted its holdings in loanDepot by 30.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 366,435 shares of the company’s stock valued at $436,000 after purchasing an additional 85,129 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of loanDepot by 1,671.4% during the first quarter. Charles Schwab Investment Management Inc. now owns 655,137 shares of the company’s stock worth $780,000 after buying an additional 618,153 shares in the last quarter. Philosophy Capital Management LLC raised its stake in shares of loanDepot by 73.3% in the first quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company’s stock valued at $4,928,000 after acquiring an additional 1,751,245 shares during the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new position in shares of loanDepot in the 1st quarter worth approximately $1,469,000. Finally, Wolverine Asset Management LLC boosted its holdings in shares of loanDepot by 15.6% in the 2nd quarter. Wolverine Asset Management LLC now owns 1,178,649 shares of the company’s stock worth $1,497,000 after acquiring an additional 158,739 shares in the last quarter. 39.39% of the stock is owned by institutional investors.

About loanDepot

loanDepot, Inc (NYSE: LDI) is a leading non-bank consumer lender that provides a broad range of home and personal financing products through a digitally enabled platform. The company specializes in originating and servicing purchase and refinance mortgage loans, home equity lines of credit (HELOCs), and personal loans. Through its proprietary mello™ technology suite, loanDepot streamlines the application, underwriting, and closing processes for borrowers and real estate professionals, emphasizing speed, transparency, and a seamless digital experience.

Founded in 2010 by Anthony Hsieh, loanDepot has grown rapidly to become one of the largest independent mortgage lenders in the United States.