Yirendai Ltd – (NYSE:YRD) had its price objective decreased by analysts at Needham & Company LLC from $38.00 to $33.00 in a report issued on Friday. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price objective would indicate a potential upside of 33.23% from the company’s previous close.

Separately, Nomura set a $16.00 price objective on Yirendai Ltd – and gave the stock a “sell” rating in a report on Saturday, November 19th.

Shares of Yirendai Ltd – (NYSE:YRD) opened at 24.77 on Friday. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 11.70 and a beta of 8.99. Yirendai Ltd – has a 52-week low of $7.70 and a 52-week high of $42.34. The stock has a 50 day moving average of $24.78 and a 200 day moving average of $25.08.

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A number of large investors have recently added to or reduced their stakes in YRD. Nepsis Capital Management Inc. acquired a new stake in Yirendai Ltd – during the third quarter valued at $4,324,000. Acadian Asset Management LLC boosted its stake in Yirendai Ltd – by 348.0% in the third quarter. Acadian Asset Management LLC now owns 459,979 shares of the company’s stock valued at $10,894,000 after buying an additional 357,311 shares during the period. Great West Life Assurance Co. Can boosted its stake in Yirendai Ltd – by 14.3% in the third quarter. Great West Life Assurance Co. Can now owns 40,000 shares of the company’s stock valued at $945,000 after buying an additional 5,000 shares during the period. First Trust Advisors LP acquired a new stake in Yirendai Ltd – during the third quarter valued at $2,506,000. Finally, Bank of New York Mellon Corp acquired a new stake in Yirendai Ltd – during the third quarter valued at $8,581,000. Institutional investors and hedge funds own 8.64% of the company’s stock.

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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