Anthony Li Hsieh Sells 223,488 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 223,488 shares of the business’s stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $2.32, for a total value of $518,492.16. Following the transaction, the chief executive officer directly owned 217,774 shares in the company, valued at approximately $505,235.68. This trade represents a 50.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Friday, December 19th, Anthony Li Hsieh sold 217,774 shares of loanDepot stock. The stock was sold at an average price of $2.28, for a total value of $496,524.72.
• 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 value of $706,187.91.
• On Tuesday, December 16th, Anthony Li Hsieh sold 290,108 shares of loanDepot stock. The shares were sold at an average price of $2.41, for a total value of $699,160.28.
• On Monday, December 15th, Anthony Li Hsieh sold 260,251 shares of loanDepot stock. The stock was 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 shares were 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 stock was sold at an average price of $2.67, for a total transaction of $1,067,783.73.
• On Monday, December 8th, Anthony Li Hsieh sold 369,266 shares of loanDepot stock. The shares were sold at an average price of $2.81, for a total transaction of $1,037,637.46.
• On Monday, November 17th, Anthony Li Hsieh sold 178,501 shares of loanDepot stock. The stock was sold at an average price of $2.50, for a total transaction 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 stock was sold at an average price of $2.87, for a total value of $2,009,000.00.

loanDepot Stock Performance

NYSE:LDI opened at $2.25 on Friday. The stock has a 50 day simple moving average of $2.83 and a 200 day simple moving average of $2.40. The stock has a market cap of $749.79 million, a P/E ratio of -6.25 and a beta of 3.45. loanDepot, Inc. has a 1-year low of $1.01 and a 1-year high of $5.05. 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 posted its quarterly earnings data on Thursday, November 6th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02. loanDepot had a negative return on equity of 22.40% and a negative net margin of 6.46%.The firm had revenue of $325.16 million for the quarter, compared to analysts’ expectations of $309.20 million. Research analysts anticipate that loanDepot, Inc. will post -0.23 earnings per share for the current year.

Analyst Ratings Changes

LDI has been the subject of a number of recent research reports. Wall Street Zen raised shares of loanDepot from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of loanDepot in a research report on Wednesday, October 8th. The Goldman Sachs Group raised their price objective on loanDepot from $1.45 to $3.00 and gave the stock a “sell” rating in a research note on Wednesday, October 29th. BTIG Research reiterated a “neutral” rating on shares of loanDepot in a research report on Wednesday, September 10th. Finally, UBS Group increased their target price on loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $2.58.

Institutional Investors Weigh In On loanDepot

Several institutional investors and hedge funds have recently added to or reduced their stakes in LDI. Millennium Management LLC boosted its holdings in shares of loanDepot by 622.6% in the 3rd quarter. Millennium Management LLC now owns 5,620,553 shares of the company’s stock valued at $17,255,000 after purchasing an additional 4,842,751 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of loanDepot by 5.3% during the 3rd quarter. Vanguard Group Inc. now owns 4,528,264 shares of the company’s stock worth $13,902,000 after buying an additional 226,347 shares during the last quarter. Philosophy Capital Management LLC boosted its stake in 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 buying an additional 1,751,245 shares in the last quarter. Knightsbridge Asset Management LLC grew its position in loanDepot by 0.6% in the first quarter. Knightsbridge Asset Management LLC now owns 3,105,873 shares of the company’s stock valued at $3,696,000 after acquiring an additional 17,763 shares during the last quarter. Finally, UBS Group AG raised its stake in loanDepot by 1,125.1% during the third quarter. UBS Group AG now owns 2,020,027 shares of the company’s stock worth $6,201,000 after acquiring an additional 1,855,136 shares in the last quarter. 39.39% of the stock is currently owned by institutional investors.

loanDepot Company Profile

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.