loanDepot, Inc. (NYSE:LDI - Get Free Report) Director Anthony Li Hsieh sold 126,927 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $2.12, for a total transaction of $269,085.24. Following the transaction, the director now directly owns 3,299,094 shares of the company's stock, valued at approximately $6,994,079.28. This trade represents a 3.70 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Anthony Li Hsieh also recently made the following trade(s):
- On Monday, December 16th, Anthony Li Hsieh sold 444,618 shares of loanDepot stock. The stock was sold at an average price of $2.11, for a total value of $938,143.98.
- On Tuesday, December 10th, Anthony Li Hsieh sold 106,784 shares of loanDepot stock. The shares were sold at an average price of $2.17, for a total value of $231,721.28.
- On Monday, December 2nd, Anthony Li Hsieh sold 129,196 shares of loanDepot stock. The stock was sold at an average price of $2.25, for a total value of $290,691.00.
- On Tuesday, November 26th, Anthony Li Hsieh sold 83,667 shares of loanDepot stock. The stock was sold at an average price of $2.34, for a total value of $195,780.78.
- On Thursday, November 14th, Anthony Li Hsieh sold 146,072 shares of loanDepot stock. The shares were sold at an average price of $2.52, for a total transaction of $368,101.44.
- On Thursday, October 31st, Anthony Li Hsieh sold 255,428 shares of loanDepot stock. The stock was sold at an average price of $2.11, for a total transaction of $538,953.08.
- On Wednesday, October 16th, Anthony Li Hsieh sold 18,806 shares of loanDepot stock. The shares were sold at an average price of $2.06, for a total transaction of $38,740.36.
- On Monday, October 14th, Anthony Li Hsieh sold 242,355 shares of loanDepot stock. The shares were sold at an average price of $2.04, for a total value of $494,404.20.
loanDepot Stock Up 2.2 %
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LDI stock opened at $2.12 on Tuesday. loanDepot, Inc. has a 52 week low of $1.52 and a 52 week high of $3.71. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 4.76. The firm has a 50-day simple moving average of $2.25 and a 200-day simple moving average of $2.25. The stock has a market capitalization of $691.61 million, a P/E ratio of -4.07 and a beta of 3.42.
Institutional Investors Weigh In On loanDepot
Large investors have recently bought and sold shares of the company. Atria Investments Inc lifted its position in shares of loanDepot by 41.0% in the third quarter. Atria Investments Inc now owns 21,916 shares of the company's stock valued at $60,000 after acquiring an additional 6,372 shares in the last quarter. Park Avenue Securities LLC purchased a new stake in shares of loanDepot during the third quarter worth approximately $27,000. Empowered Funds LLC raised its stake in loanDepot by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 233,542 shares of the company's stock valued at $638,000 after purchasing an additional 11,792 shares during the last quarter. Jane Street Group LLC purchased a new position in loanDepot in the 3rd quarter valued at $54,000. Finally, American Century Companies Inc. boosted its stake in loanDepot by 27.3% during the 2nd quarter. American Century Companies Inc. now owns 91,701 shares of the company's stock worth $151,000 after purchasing an additional 19,655 shares during the last quarter. 39.39% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
LDI has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on loanDepot from $1.70 to $2.70 and gave the stock a "sell" rating in a research report on Thursday, November 14th. UBS Group increased their target price on loanDepot from $2.30 to $2.50 and gave the company a "neutral" rating in a research report on Thursday, September 5th.
Read Our Latest Report on LDI
About loanDepot
(
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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