Dimensional Fund Advisors LP increased its holdings in shares of Yirendai Ltd. (NYSE:YRD) by 92.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 470,161 shares of the technology company’s stock after purchasing an additional 225,794 shares during the quarter. Dimensional Fund Advisors LP owned 0.79% of Yirendai worth $11,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. FMR LLC bought a new position in shares of Yirendai during the second quarter valued at $300,000. Northern Trust Corp bought a new position in shares of Yirendai during the second quarter valued at $260,000. TIAA CREF Investment Management LLC bought a new position in shares of Yirendai during the second quarter valued at $204,000. AJO LP bought a new position in shares of Yirendai during the second quarter valued at $627,000. Finally, Capital Fund Management S.A. bought a new position in shares of Yirendai during the second quarter valued at $450,000. 6.62% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have recently issued reports on the company. Citigroup Inc. assumed coverage on Yirendai in a report on Tuesday. They set a “buy” rating on the stock. Macquarie initiated coverage on Yirendai in a research report on Tuesday. They set an “outperform” rating and a $60.00 price objective for the company. Needham & Company LLC reiterated a “buy” rating and set a $42.00 price objective on shares of Yirendai in a research report on Friday, November 3rd. Zacks Investment Research cut Yirendai from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, ValuEngine cut Yirendai from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Yirendai presently has a consensus rating of “Buy” and an average price target of $41.00.
Shares of Yirendai Ltd. (NYSE YRD) opened at $41.75 on Wednesday. The company has a market capitalization of $2,500.79, a price-to-earnings ratio of 12.84 and a beta of 8.34. Yirendai Ltd. has a 1 year low of $19.85 and a 1 year high of $53.50.
Yirendai (NYSE:YRD) last posted its quarterly earnings data on Tuesday, November 14th. The technology company reported $0.74 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). The firm had revenue of $227.50 million for the quarter, compared to analysts’ expectations of $201.27 million. Yirendai had a net margin of 32.37% and a return on equity of 80.79%. The firm’s revenue was up 73.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.85 EPS. analysts expect that Yirendai Ltd. will post 3.04 earnings per share for the current fiscal year.
Yirendai Company Profile
Yirendai Ltd. is engaged in online consumer finance marketplace business in China. The Company conducts its business in China, through Yi Ren Heng Ye Technology Development (Beijing) Co, Ltd. (Heng Ye) and its consolidated variable interest entity, Heng Cheng Technology Development (Beijing) Co, Ltd.
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