Anthony Li Hsieh Sells 1,350,000 Shares of loanDepot (NYSE:LDI) Stock

Key Points

• Anthony Li Hsieh, CEO of loanDepot, sold a significant total of 1,350,000 shares on September 15th, 2023, for $6,223,500 at an average price of $4.61.
• loanDepot's stock recently traded down 2.2% to $4.42, with a notable trading volume of over 17 million shares, far exceeding its average volume.
• Analysts have mixed opinions on loanDepot, with UBS Group raising its price target to $1.90, while other analysts have maintained a "neutral" rating and one downgraded it to "sell."

loanDepot, Inc. (NYSE:LDI - Get Free Report) CEO Anthony Li Hsieh sold 1,350,000 shares of the business's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $4.61, for a total transaction of $6,223,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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

• 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 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 transaction 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 transaction of $8,041,453.20.
• On Thursday, September 4th, Anthony Li Hsieh sold 1,110,454 shares of loanDepot stock. The shares were sold at an average price of $2.17, for a total transaction of $2,409,685.18.
• On Friday, August 29th, Anthony Li Hsieh sold 211,079 shares of loanDepot stock. The shares were 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 shares were sold at an average price of $2.10, for a total transaction of $443,265.90.
• On Thursday, August 28th, Anthony Li Hsieh sold 250,000 shares of loanDepot stock. The shares were sold at an average price of $2.03, for a total transaction of $507,500.00.
• On Thursday, August 28th, Anthony Li Hsieh sold 250,000 shares of loanDepot stock. The stock was sold at an average price of $2.03, for a total value of $507,500.00.
• On Wednesday, August 27th, Anthony Li Hsieh sold 807,385 shares of loanDepot stock. The stock was sold at an average price of $2.06, for a total value of $1,663,213.10.
• On Tuesday, August 26th, Anthony Li Hsieh sold 173,124 shares of loanDepot stock. The stock was sold at an average price of $2.02, for a total value of $349,710.48.

loanDepot Stock Performance

Shares of NYSE:LDI traded down $0.39 during midday trading on Friday, hitting $3.72. The company had a trading volume of 22,763,583 shares, compared to its average volume of 16,126,288. The company has a debt-to-equity ratio of 6.71, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -11.27 and a beta of 3.38. loanDepot, Inc. has a 12-month low of $1.01 and a 12-month high of $5.05. The company has a fifty day moving average of $2.32 and a two-hundred day moving average of $1.64.

Hedge Funds Weigh In On loanDepot

Large investors have recently made changes to their positions in the business. Continental Advisors LLC acquired a new stake in shares of loanDepot during the second quarter worth $656,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of loanDepot during the second quarter worth $57,000. Cerity Partners LLC acquired a new stake in shares of loanDepot during the second quarter worth $116,000. Invesco Ltd. lifted its stake in shares of loanDepot by 204.1% during the second quarter. Invesco Ltd. now owns 111,245 shares of the company's stock worth $141,000 after buying an additional 74,669 shares during the period. Finally, New York State Common Retirement Fund acquired a new stake in shares of loanDepot during the second quarter worth $98,000. 39.39% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on LDI. BTIG Research reissued a "neutral" rating on shares of loanDepot in a report on Wednesday, September 10th. UBS Group increased their price objective on shares of loanDepot from $1.40 to $1.90 and gave the company a "neutral" rating in a report on Wednesday, August 20th. Finally, Wall Street Zen downgraded shares of loanDepot from a "hold" rating to a "sell" rating in a report on Saturday, August 16th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $2.30.

loanDepot Company Profile

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.