Sylebra HK Co Ltd grew its holdings in Yirendai Ltd – (NYSE:YRD) by 109.7% during the 1st quarter, Holdings Channel reports. The firm owned 1,296,169 shares of the technology company’s stock after buying an additional 677,938 shares during the period. Yirendai accounts for approximately 4.3% of Sylebra HK Co Ltd’s holdings, making the stock its 7th largest holding. Sylebra HK Co Ltd’s holdings in Yirendai were worth $52,145,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in YRD. JPMorgan Chase & Co. lifted its stake in Yirendai by 1.2% during the 1st quarter. JPMorgan Chase & Co. now owns 453,374 shares of the technology company’s stock worth $18,240,000 after acquiring an additional 5,573 shares in the last quarter. Sensato Investors LLC lifted its stake in Yirendai by 108.8% during the 4th quarter. Sensato Investors LLC now owns 443,681 shares of the technology company’s stock worth $19,509,000 after acquiring an additional 231,153 shares in the last quarter. Penserra Capital Management LLC lifted its stake in Yirendai by 27.0% during the 1st quarter. Penserra Capital Management LLC now owns 162,635 shares of the technology company’s stock worth $6,542,000 after acquiring an additional 34,608 shares in the last quarter. BlackRock Inc. lifted its stake in Yirendai by 4.7% during the 1st quarter. BlackRock Inc. now owns 162,280 shares of the technology company’s stock worth $6,529,000 after acquiring an additional 7,288 shares in the last quarter. Finally, State of Wisconsin Investment Board acquired a new position in Yirendai during the 4th quarter worth about $5,899,000. 11.54% of the stock is currently owned by institutional investors and hedge funds.
Yirendai traded down $0.30, hitting $23.50, during trading hours on Thursday, according to MarketBeat.com. 1,180 shares of the company were exchanged, compared to its average volume of 514,879. Yirendai Ltd – has a 52-week low of $22.81 and a 52-week high of $53.50. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 6.98 and a beta of 4.95.
Yirendai (NYSE:YRD) last issued its quarterly earnings results on Thursday, May 24th. The technology company reported $1.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.73. Yirendai had a return on equity of 51.90% and a net margin of 21.93%. The company had revenue of $253.90 million for the quarter, compared to the consensus estimate of $250.75 million. During the same quarter in the prior year, the business earned $5.81 EPS. analysts anticipate that Yirendai Ltd – will post 4.85 EPS for the current year.
Several equities analysts recently issued reports on the company. TheStreet lowered Yirendai from a “c-” rating to a “d+” rating in a research note on Thursday, May 31st. ValuEngine lowered Yirendai from a “buy” rating to a “hold” rating in a research note on Tuesday, May 29th. Needham & Company LLC decreased their target price on Yirendai from $50.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, May 29th. Finally, Deutsche Bank assumed coverage on Yirendai in a research note on Monday, April 9th. They set a “hold” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $47.00.
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.
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