Anthony Li Hsieh Sells 884,495 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 884,495 shares of the company’s stock in a transaction that occurred on Thursday, January 15th. The shares were sold at an average price of $2.70, for a total value of $2,388,136.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Wednesday, January 14th, Anthony Li Hsieh sold 415,505 shares of loanDepot stock. The stock was sold at an average price of $2.66, for a total value of $1,105,243.30.
• On Friday, December 19th, Anthony Li Hsieh sold 217,774 shares of loanDepot stock. The shares were sold at an average price of $2.28, for a total value of $496,524.72.
• 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 value 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 value 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 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.

loanDepot Trading Up 19.9%

NYSE:LDI opened at $3.20 on Friday. loanDepot, Inc. has a 12 month low of $1.01 and a 12 month 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. The firm’s 50 day moving average is $2.54 and its 200 day moving average is $2.54. The stock has a market capitalization of $1.07 billion, a PE ratio of -8.89, a price-to-earnings-growth ratio of 0.75 and a beta of 3.47.

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

Analysts Set New Price Targets

Several equities research analysts have commented on LDI shares. The Goldman Sachs Group set a $2.40 price objective on shares of loanDepot in a report on Tuesday, January 6th. Morgan Stanley set a $1.75 price target on shares of loanDepot in a research note on Monday, December 1st. Wall Street Zen upgraded shares of loanDepot from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of loanDepot in a report on Wednesday, October 8th. Finally, UBS Group raised their price target on loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $2.38.

Hedge Funds Weigh In On loanDepot

Hedge funds have recently bought and sold shares of the company. Invesco Ltd. purchased a new stake in loanDepot in the 1st quarter worth approximately $44,000. Goldman Sachs Group Inc. grew its position in shares of 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 in the last quarter. Jane Street Group LLC bought a new position in shares of loanDepot in the first quarter worth $122,000. Vanguard Personalized Indexing Management LLC raised its position in shares of loanDepot by 130.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 37,272 shares of the company’s stock worth $47,000 after buying an additional 21,091 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC raised its position in shares of loanDepot by 20.0% in the second quarter. Focus Partners Advisor Solutions LLC now owns 120,000 shares of the company’s stock worth $152,000 after buying an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors own 39.39% of the company’s stock.

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.