Anthony Li Hsieh Sells 1,121,499 Shares of loanDepot (NYSE:LDI) Stock

loanDepot, Inc. (NYSE:LDI) CEO Anthony Li Hsieh sold 1,121,499 shares of loanDepot stock in a transaction on Friday, November 14th. The stock was sold at an average price of $2.50, for a total transaction of $2,803,747.50. Following the sale, the chief executive officer directly owned 178,501 shares in the company, valued at $446,252.50. This trade represents a 86.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, November 17th, Anthony Li Hsieh sold 178,501 shares of loanDepot stock. The shares were sold at an average price of $2.50, for a total value of $446,252.50.
• On Wednesday, November 12th, Anthony Li Hsieh sold 700,000 shares of loanDepot stock. The stock was sold at an average price of $2.87, for a total transaction of $2,009,000.00.
• On Tuesday, October 14th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The shares were sold at an average price of $2.87, for a total transaction of $3,731,000.00.
• On Monday, September 15th, Anthony Li Hsieh sold 1,350,000 shares of loanDepot stock. The stock was sold at an average price of $4.61, for a total value of $6,223,500.00.
• On Friday, September 12th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The stock was sold at an average price of $4.10, for a total transaction of $5,330,000.00.
• On Tuesday, September 9th, Anthony Li Hsieh sold 2,043,712 shares of loanDepot stock. The shares were sold at an average price of $3.25, for a total value of $6,642,064.00.
• On Friday, September 5th, Anthony Li Hsieh sold 3,046,005 shares of loanDepot stock. The shares were sold at an average price of $2.64, for a total value of $8,041,453.20.
• On Thursday, September 4th, Anthony Li Hsieh sold 1,110,454 shares of loanDepot stock. The stock was sold at an average price of $2.17, for a total value of $2,409,685.18.
• On Friday, August 29th, Anthony Li Hsieh sold 211,079 shares of loanDepot stock. The stock was sold at an average price of $2.10, for a total transaction of $443,265.90.
• On Friday, August 29th, Anthony Li Hsieh sold 211,079 shares of loanDepot stock. The stock was sold at an average price of $2.10, for a total value of $443,265.90.

loanDepot Stock Performance

loanDepot stock traded up $0.16 on Tuesday, reaching $2.65. 2,394,312 shares of the stock were exchanged, compared to its average volume of 3,658,227. The stock has a market cap of $881.42 million, a PE ratio of -7.35 and a beta of 3.45. loanDepot, Inc. has a twelve month low of $1.01 and a twelve month high of $5.05. The firm has a fifty day moving average price of $3.23 and a two-hundred day moving average price of $2.16. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 6.94.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on LDI shares. UBS Group raised their price objective on shares of loanDepot from $1.90 to $3.00 and gave the stock a “neutral” rating in a report on Friday, October 10th. The Goldman Sachs Group increased 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. BTIG Research reiterated a “neutral” rating on shares of loanDepot in a report on Wednesday, September 10th. Weiss Ratings restated a “sell (d-)” rating on shares of loanDepot in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of loanDepot from a “sell” rating to a “hold” rating in a report on Sunday, November 9th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, loanDepot currently has a consensus rating of “Reduce” and a consensus target price of $3.00.

Hedge Funds Weigh In On loanDepot

Institutional investors and hedge funds have recently modified their holdings of the business. Jones Financial Companies Lllp grew its position in loanDepot by 8,934.0% in the third quarter. Jones Financial Companies Lllp now owns 9,034 shares of the company’s stock worth $28,000 after acquiring an additional 8,934 shares during the period. Traynor Capital Management Inc. acquired a new position in loanDepot during the third quarter worth $31,000. CWM LLC purchased a new position in loanDepot during the third quarter worth $32,000. Wealth Enhancement Advisory Services LLC purchased a new position in loanDepot during the third quarter worth about $31,000. Finally, Russell Investments Group Ltd. purchased a new position in shares of loanDepot in the 3rd quarter valued at $35,000. Hedge funds and other institutional investors own 39.39% of the company’s stock.

About loanDepot

loanDepot, Inc engages in originating, financing, selling, and servicing residential mortgage loans in the United States. The company offers conventional agency-conforming and prime jumbo, federal assistance residential mortgage, and home equity loans. It also provides settlement services, which include captive title and escrow business; real estate services that cover captive real estate referral business; and insurance services, including services to homeowners, as well as other consumer insurance policies.