loanDepot (NYSE:LDI) CEO Sells $496,524.72 in Stock

by · The Cerbat Gem

loanDepot, Inc. (NYSE:LDI – Get Free Report) CEO Anthony Li Hsieh sold 217,774 shares of loanDepot stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 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 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 value 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.
  • 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 transaction 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 transaction of $2,009,000.00.

loanDepot Stock Down 2.6%

Shares of LDI stock traded down $0.06 on Friday, reaching $2.25. 4,381,503 shares of the company were exchanged, compared to its average volume of 3,686,546. The company has a debt-to-equity ratio of 6.94, a current ratio of 1.19 and a quick ratio of 1.19. The company has a 50-day moving average of $2.84 and a 200-day moving average of $2.38. The company has a market cap of $749.78 million, a price-to-earnings ratio of -6.25 and a beta of 3.45. loanDepot, Inc. has a one year low of $1.01 and a one year high of $5.05.

loanDepot (NYSE:LDI – Get Free Report) last issued its earnings results on Thursday, November 6th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.02. The business had revenue of $325.16 million during 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%. Analysts anticipate that loanDepot, Inc. will post -0.23 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LDI shares. Wall Street Zen upgraded loanDepot from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Morgan Stanley set a $1.75 price objective on shares of loanDepot in a research note on Monday, December 1st. The Goldman Sachs Group lifted their price objective on shares of loanDepot from $1.45 to $3.00 and gave the company a “sell” rating in a report on Wednesday, October 29th. Weiss Ratings reissued a “sell (d-)” rating on shares of loanDepot in a research report on Wednesday, October 8th. Finally, UBS Group raised their price target on shares of loanDepot from $1.90 to $3.00 and gave the company a “neutral” rating in a research report on Friday, October 10th. Two 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, the company has a consensus rating of “Reduce” and a consensus target price of $2.58.

Check Out Our Latest Stock Analysis on loanDepot

Institutional Trading of loanDepot

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC raised its holdings in shares of loanDepot by 622.6% in the third 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 during the last quarter. Vanguard Group Inc. boosted its holdings in loanDepot by 5.3% during the third quarter. Vanguard Group Inc. now owns 4,528,264 shares of the company’s stock worth $13,902,000 after purchasing an additional 226,347 shares during the last quarter. Philosophy Capital Management LLC lifted its position in shares of loanDepot by 73.3% during the 1st quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company’s stock worth $4,928,000 after buying an additional 1,751,245 shares in the last quarter. Knightsbridge Asset Management LLC boosted its stake in shares of loanDepot by 0.6% in the 1st quarter. Knightsbridge Asset Management LLC now owns 3,105,873 shares of the company’s stock worth $3,696,000 after buying an additional 17,763 shares during the last quarter. Finally, UBS Group AG grew its holdings in shares of loanDepot by 1,125.1% in the third quarter. UBS Group AG now owns 2,020,027 shares of the company’s stock valued at $6,201,000 after acquiring an additional 1,855,136 shares in the last quarter. Institutional investors own 39.39% of the company’s stock.

loanDepot Company Profile

(Get Free Report)

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.

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