Yirendai (YRD) Shares Down 6.1%

Shares of Yirendai Ltd – (NYSE:YRD) traded down 6.1% during mid-day trading on Monday . The stock traded as low as $13.81 and last traded at $12.77. 17,807 shares traded hands during trading, a decline of 96% from the average session volume of 410,008 shares. The stock had previously closed at $13.60.

Several analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Yirendai from a “hold” rating to a “strong sell” rating in a research report on Saturday, June 30th. ValuEngine cut shares of Yirendai from a “hold” rating to a “sell” rating in a research report on Tuesday, June 26th. Morgan Stanley cut shares of Yirendai from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 25th. TheStreet cut shares of Yirendai from a “c-” rating to a “d+” rating in a research report on Thursday, May 31st. Finally, Needham & Company LLC decreased their target price on shares of Yirendai from $50.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, May 29th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $47.00.

The stock has a market cap of $840.31 million, a PE ratio of 3.86 and a beta of 4.53.



Yirendai (NYSE:YRD) last announced its earnings results on Thursday, May 24th. The technology company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.99 by $0.73. The firm had revenue of $253.90 million for the quarter, compared to analysts’ expectations of $250.75 million. Yirendai had a net margin of 21.93% and a return on equity of 51.90%. During the same period in the prior year, the company earned $5.81 EPS. equities analysts forecast that Yirendai Ltd – will post 2.41 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. LPL Financial LLC grew its holdings in Yirendai by 27.2% during the 4th quarter. LPL Financial LLC now owns 8,329 shares of the technology company’s stock valued at $366,000 after purchasing an additional 1,779 shares during the last quarter. Deutsche Bank AG grew its holdings in Yirendai by 621.7% during the 4th quarter. Deutsche Bank AG now owns 3,024 shares of the technology company’s stock valued at $132,000 after purchasing an additional 2,605 shares during the last quarter. Guggenheim Capital LLC grew its holdings in Yirendai by 8.9% during the 1st quarter. Guggenheim Capital LLC now owns 38,601 shares of the technology company’s stock valued at $1,553,000 after purchasing an additional 3,163 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Yirendai by 1.2% during the 1st quarter. JPMorgan Chase & Co. now owns 453,374 shares of the technology company’s stock valued at $18,240,000 after purchasing an additional 5,573 shares during the last quarter. Finally, Cubist Systematic Strategies LLC bought a new position in Yirendai during the 1st quarter valued at about $239,000. Hedge funds and other institutional investors own 11.01% of the company’s stock.

Yirendai Company Profile (NYSE:YRD)

Yirendai Ltd. operates as an online consumer finance marketplace that connects borrowers and investors primarily in the People's Republic of China. It offers standard loan products; and fasttrack loan products through mobile applications. The company also provides investing tools. The company was founded in 2012 and is based in Beijing, the People's Republic of China.

See Also: Do closed-end mutual funds pay dividends?

Receive News & Ratings for Yirendai Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yirendai and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply