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 firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $2.32, for a total value of $518,492.16. Following the completion of the sale, the chief executive officer directly owned 217,774 shares in the company, valued at approximately $505,235.68. This represents a 50.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 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 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 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 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 Performance

LDI stock traded down $0.06 during trading on Friday, reaching $2.25. 4,381,503 shares of the stock were exchanged, compared to its average volume of 3,686,546. loanDepot, Inc. has a twelve month low of $1.01 and a twelve 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 company has a market capitalization of $749.78 million, a P/E ratio of -6.25 and a beta of 3.45. The stock has a 50 day simple moving average of $2.84 and a 200-day simple moving average of $2.38.

loanDepot (NYSE:LDI) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $325.16 million during the quarter, compared to the consensus estimate of $309.20 million. As a group, sell-side analysts anticipate that loanDepot, Inc. will post -0.23 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

Institutional Trading of loanDepot

Several large investors have recently added to or reduced their stakes in LDI. Millennium Management LLC increased its holdings in shares of loanDepot by 622.6% during the third quarter. Millennium Management LLC now owns 5,620,553 shares of the company’s stock worth $17,255,000 after buying an additional 4,842,751 shares in the last quarter. UBS Group AG grew its position in loanDepot by 1,125.1% during the 3rd 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 during the last quarter. Philosophy Capital Management LLC increased its holdings in loanDepot by 73.3% during the 1st quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company’s stock valued at $4,928,000 after purchasing an additional 1,751,245 shares in the last quarter. Philadelphia Financial Management of San Francisco LLC acquired a new stake in loanDepot during the 1st quarter valued at $1,469,000. Finally, Geode Capital Management LLC raised its position in loanDepot by 134.4% in the 2nd quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company’s stock valued at $2,446,000 after purchasing an additional 1,104,021 shares during 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.