Key Points
- Anthony Li Hsieh, loanDepot's CEO, sold 369,266 shares on Dec. 8 at an average of $2.81 for $1,037,637.46 and has liquidated multiple large blocks since September — the listed transactions total roughly $22.65 million in proceeds; after the Dec. 8 sale he directly owned 1,930,734 shares (~$5.43M).
- loanDepot shares opened at $2.80 (12‑month range $1.01–$5.05) and the company remains unprofitable with negative EPS; analysts' consensus is Reduce with an average target of $2.58 and price targets from about $1.75 to $3.00.
- Meanwhile, several large institutional investors (e.g., Millennium, UBS, Philosophy Capital, Geode) have materially increased stakes recently, and institutions/hedge funds now own about 39.39% of the company.
loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 369,266 shares of the business's stock in a transaction that occurred on Monday, December 8th. The shares were sold at an average price of $2.81, for a total value of $1,037,637.46. Following the completion of the sale, the chief executive officer directly owned 1,930,734 shares of the company's stock, valued at approximately $5,425,362.54. The trade was a 16.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Anthony Li Hsieh also recently made the following trade(s):
- 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, 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 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.
- On Tuesday, October 14th, Anthony Li Hsieh sold 1,300,000 shares of loanDepot stock. The stock was 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 shares were 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 shares were sold at an average price of $4.10, for a total value of $5,330,000.00.
loanDepot Stock Up 5.9%
Shares of loanDepot stock opened at $2.80 on Thursday. loanDepot, Inc. has a 12-month low of $1.01 and a 12-month high of $5.05. 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 has a 50 day moving average price of $2.91 and a two-hundred day moving average price of $2.34. The stock has a market capitalization of $931.41 million, a P/E ratio of -7.76 and a beta of 3.45.
loanDepot (NYSE:LDI - Get Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported ($0.02) earnings per share 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 analysts' expectations of $309.20 million. loanDepot had a negative net margin of 6.46% and a negative return on equity of 22.40%. Equities analysts expect that loanDepot, Inc. will post -0.23 earnings per share for the current year.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on the stock. Morgan Stanley set a $1.75 price target on shares of loanDepot in a report on Monday, December 1st. BTIG Research reissued a "neutral" rating on shares of loanDepot in a research report on Wednesday, September 10th. Wall Street Zen raised loanDepot from a "sell" rating to a "hold" rating in a report on Sunday, November 9th. UBS Group upped their price target on loanDepot from $1.90 to $3.00 and gave the stock a "neutral" rating in a report on Friday, October 10th. Finally, 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 research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, loanDepot presently has an average rating of "Reduce" and a consensus target price of $2.58.
Check Out Our Latest Report on loanDepot
Hedge Funds Weigh In On loanDepot
Large investors have recently added to or reduced their stakes in the company. Millennium Management LLC lifted its position in shares of 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 period. UBS Group AG raised its stake 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 purchasing an additional 1,855,136 shares in the last quarter. Philosophy Capital Management LLC lifted its position in loanDepot by 73.3% in the first quarter. Philosophy Capital Management LLC now owns 4,141,164 shares of the company's stock worth $4,928,000 after purchasing an additional 1,751,245 shares during the period. Philadelphia Financial Management of San Francisco LLC bought a new position in loanDepot in the first quarter worth $1,469,000. Finally, Geode Capital Management LLC boosted its stake in loanDepot by 134.4% during the second quarter. Geode Capital Management LLC now owns 1,925,712 shares of the company's stock worth $2,446,000 after buying an additional 1,104,021 shares in the last quarter. Institutional investors and hedge funds own 39.39% of the company's stock.
loanDepot Company Profile
(
Get Free Report)
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.
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