loanDepot (NYSE:LDI) Given New $1.35 Price Target at UBS Group

loanDepot (NYSE:LDI) had its price target trimmed by UBS Group from $2.00 to $1.35 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

Separately, The Goldman Sachs Group upped their target price on shares of loanDepot from $1.70 to $2.70 and gave the stock a “sell” rating in a report on Thursday, November 14th.

loanDepot Trading Up 1.1 %

Shares of loanDepot stock opened at $1.39 on Friday. The company has a market capitalization of $452.90 million, a P/E ratio of -2.66, a P/E/G ratio of 0.25 and a beta of 3.36. The company has a debt-to-equity ratio of 4.76, a quick ratio of 1.16 and a current ratio of 1.16. The company has a fifty day moving average of $1.67 and a 200 day moving average of $2.11. loanDepot has a fifty-two week low of $1.27 and a fifty-two week high of $3.23.

Insider Buying and Selling at loanDepot

In other loanDepot news, Director Anthony Li Hsieh sold 444,618 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $2.11, for a total transaction of $938,143.98. Following the completion of the transaction, the director now owns 2,479,960 shares of the company’s stock, valued at $5,232,715.60. This represents a 15.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 83.04% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in LDI. Cannell & Spears LLC boosted its holdings in shares of loanDepot by 301.3% during the 4th quarter. Cannell & Spears LLC now owns 1,294,200 shares of the company’s stock valued at $2,640,000 after purchasing an additional 971,700 shares during the last quarter. Tidal Investments LLC bought a new position in shares of loanDepot in the 4th quarter valued at about $1,691,000. Barclays PLC bought a new position in shares of loanDepot in the 3rd quarter valued at about $2,180,000. Millennium Management LLC lifted its holdings in shares of loanDepot by 167.1% in the 4th quarter. Millennium Management LLC now owns 650,987 shares of the company’s stock valued at $1,328,000 after acquiring an additional 407,299 shares during the last quarter. Finally, Walleye Capital LLC bought a new position in shares of loanDepot in the 3rd quarter valued at about $897,000. Institutional investors own 39.39% of the company’s stock.

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.