loanDepot (NYSE:LDI - Free Report) had its target price decreased by UBS Group from $1.35 to $1.25 in a report released on Wednesday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.
loanDepot Price Performance
Shares of LDI stock traded up $0.04 during midday trading on Wednesday, reaching $1.11. 480,868 shares of the company traded hands, compared to its average volume of 792,354. The firm has a market cap of $362.75 million, a PE ratio of -2.13, a price-to-earnings-growth ratio of 0.25 and a beta of 3.38. The company has a debt-to-equity ratio of 4.76, a current ratio of 1.16 and a quick ratio of 1.16. The firm's 50 day simple moving average is $1.41 and its two-hundred day simple moving average is $1.84. loanDepot has a 1-year low of $1.01 and a 1-year high of $3.23.
Institutional Trading of loanDepot
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LDI. Jane Street Group LLC purchased a new stake in loanDepot in the third quarter valued at approximately $54,000. Barclays PLC acquired a new stake in shares of loanDepot during the 3rd quarter worth $2,180,000. Geode Capital Management LLC raised its position in shares of loanDepot by 21.0% in the 3rd quarter. Geode Capital Management LLC now owns 720,747 shares of the company's stock worth $1,968,000 after buying an additional 125,059 shares during the period. Empowered Funds LLC boosted its holdings in loanDepot by 5.0% in the fourth quarter. Empowered Funds LLC now owns 245,189 shares of the company's stock valued at $500,000 after acquiring an additional 11,647 shares during the last quarter. Finally, Atria Investments Inc grew its position in loanDepot by 29.2% during the fourth quarter. Atria Investments Inc now owns 28,313 shares of the company's stock valued at $58,000 after acquiring an additional 6,397 shares during the period. Hedge funds and other institutional investors own 39.39% of the company's stock.
loanDepot Company Profile
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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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