Insider Selling: loanDepot (NYSE:LDI) CEO Sells $1,105,243.30 in Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 415,505 shares of the company’s stock in a transaction on Wednesday, January 14th. The stock was sold at an average price of $2.66, for a total transaction of $1,105,243.30. Following the completion of the sale, the chief executive officer owned 884,495 shares of the company’s stock, valued at approximately $2,352,756.70. The trade was a 31.96% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Thursday, January 15th, Anthony Li Hsieh sold 884,495 shares of loanDepot stock. The stock was sold at an average price of $2.70, for a total transaction of $2,388,136.50.
• 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 transaction of $496,524.72.
• 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 transaction 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 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 value 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 value 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 value 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 Stock Up 19.9%

loanDepot stock opened at $3.20 on Monday. The firm has a 50 day moving average price of $2.54 and a 200-day moving average price of $2.55. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 6.94. loanDepot, Inc. has a twelve month low of $1.01 and a twelve month high of $5.05. The company has a market capitalization of $1.07 billion, a P/E ratio of -8.89, a P/E/G 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%. As a group, equities analysts predict that loanDepot, Inc. will post -0.23 EPS for the current year.

Institutional Investors Weigh In On loanDepot

Large investors have recently added to or reduced their stakes in the business. Millennium Management LLC increased its stake in loanDepot by 622.6% in the 3rd quarter. Millennium Management LLC now owns 5,620,553 shares of the company’s stock worth $17,255,000 after acquiring an additional 4,842,751 shares during the last quarter. UBS Group AG increased its position 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 worth $6,201,000 after purchasing an additional 1,855,136 shares during the last quarter. Geode Capital Management LLC increased its position in shares of loanDepot by 134.4% in the second quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company’s stock worth $2,446,000 after purchasing an additional 1,104,021 shares during the last quarter. Squarepoint Ops LLC raised its stake in loanDepot by 1,264.5% in the third quarter. Squarepoint Ops LLC now owns 703,939 shares of the company’s stock valued at $2,161,000 after purchasing an additional 652,348 shares in the last quarter. Finally, Continental Advisors LLC bought a new stake in loanDepot during the second quarter valued at approximately $656,000. Institutional investors own 39.39% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on LDI. Morgan Stanley set a $1.75 target price on shares of loanDepot in a research report on Monday, December 1st. Wall Street Zen raised shares of loanDepot from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of loanDepot in a report on Wednesday, October 8th. The Goldman Sachs Group set a $2.40 price target on loanDepot in a research report on Tuesday, January 6th. Finally, UBS Group increased their price objective on loanDepot from $1.90 to $3.00 and gave the stock 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 company. According to MarketBeat, loanDepot has a consensus rating of “Reduce” and an average target price of $2.38.

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.