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

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 217,774 shares of the stock in a transaction dated Friday, December 19th. The shares were sold at an average price of $2.28, for a total value of $496,524.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 stock was 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 shares were 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 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 stock was 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 NYSE LDI opened at $2.25 on Friday. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 6.94. The stock’s 50 day moving average price is $2.83 and its two-hundred day moving average price is $2.39. loanDepot, Inc. has a 52-week low of $1.01 and a 52-week high of $5.05. The stock has a market capitalization of $749.79 million, a P/E ratio of -6.25 and a beta of 3.45.

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

Institutional Trading of loanDepot

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wilshire Advisors LLC lifted its position in shares of loanDepot by 39.8% in the 1st quarter. Wilshire Advisors LLC now owns 27,727 shares of the company’s stock valued at $33,000 after acquiring an additional 7,899 shares in the last quarter. Jones Financial Companies Lllp raised its stake in loanDepot by 8,934.0% during the 3rd quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock valued at $28,000 after purchasing an additional 8,934 shares during the period. Traynor Capital Management Inc. purchased a new stake in shares of loanDepot in the third quarter valued at $31,000. CWM LLC purchased a new stake in shares of loanDepot in the third quarter valued at $32,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of loanDepot in the third quarter worth $31,000. Institutional investors and hedge funds own 39.39% of the company’s stock.

Analysts Set New Price Targets

LDI has been the subject of a number of analyst reports. Wall Street Zen raised shares of loanDepot from a “sell” rating to a “hold” rating in a research note on Sunday, November 9th. Morgan Stanley set a $1.75 price target on loanDepot in a research note on Monday, December 1st. The Goldman Sachs Group upped their price objective on loanDepot from $1.45 to $3.00 and gave the company a “sell” rating in a report on Wednesday, October 29th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of loanDepot in a report on Wednesday, October 8th. Finally, UBS Group upped their price target on shares of loanDepot from $1.90 to $3.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Two analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $2.58.

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.