Ning Tang Declares Ownership of Stake in Yirendai Ltd – (YRD)
Ning Tang revealed that they own 36.6% of Yirendai Ltd – (NYSE:YRD) in a Form 13D/A disclosure that was filed with the SEC on Friday, September 23rd. The investor owns 43,770,000 shares of the stock valued at $910,416,000. The filing is available through the SEC website at this link.
Yirendai Ltd – (NYSE:YRD) opened at 20.80 on Friday. The company has a 50 day moving average price of $25.85 and a 200-day moving average price of $16.72. The firm has a market capitalization of $1.22 billion and a price-to-earnings ratio of 13.16. Yirendai Ltd – has a 52 week low of $3.35 and a 52 week high of $42.34.
Yirendai Ltd – (NYSE:YRD) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.34 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.10. The company earned $110.40 million during the quarter, compared to the consensus estimate of $97.01 million. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Equities analysts predict that Yirendai Ltd – will post $1.69 earnings per share for the current year.
A number of research analysts recently commented on YRD shares. Zacks Investment Research lowered Yirendai Ltd – from a “buy” rating to a “hold” rating in a research note on Wednesday, July 13th. Needham & Company LLC upped their target price on Yirendai Ltd – from $14.00 to $35.00 and gave the company a “buy” rating in a research note on Thursday, August 11th. Finally, Nomura lowered Yirendai Ltd – from a “neutral” rating to a “reduce” rating in a research note on Wednesday, August 10th.
About Yirendai Ltd –
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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