Yirendai Ltd – (NYSE:YRD) Receives Average Rating of “Hold” from Analysts
Yirendai Ltd – (NYSE:YRD) has been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company.
Several research firms have recently issued reports on YRD. ValuEngine upgraded shares of Yirendai from a “strong sell” rating to a “sell” rating in a report on Friday, May 3rd. Zacks Investment Research upgraded shares of Yirendai from a “hold” rating to a “buy” rating and set a $15.00 target price for the company in a report on Thursday, April 4th. Finally, Macquarie lowered shares of Yirendai from an “outperform” rating to a “neutral” rating in a report on Thursday, March 21st.
Several hedge funds have recently added to or reduced their stakes in YRD. Millennium Management LLC raised its holdings in Yirendai by 153.1% in the 4th quarter. Millennium Management LLC now owns 124,374 shares of the technology company’s stock worth $1,337,000 after acquiring an additional 75,226 shares during the last quarter. Morgan Stanley raised its holdings in Yirendai by 14.0% in the 3rd quarter. Morgan Stanley now owns 105,852 shares of the technology company’s stock worth $1,948,000 after acquiring an additional 13,015 shares during the last quarter. Penserra Capital Management LLC raised its holdings in Yirendai by 1.4% in the 4th quarter. Penserra Capital Management LLC now owns 100,135 shares of the technology company’s stock worth $1,075,000 after acquiring an additional 1,424 shares during the last quarter. Ocean Arete Ltd. purchased a new position in Yirendai in the 1st quarter worth approximately $767,000. Finally, BlackRock Inc. purchased a new position in Yirendai in the 4th quarter worth approximately $784,000. Hedge funds and other institutional investors own 10.37% of the company’s stock.
Yirendai (NYSE:YRD) last released its earnings results on Monday, March 25th. The technology company reported $1.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.81. Yirendai had a net margin of 18.18% and a return on equity of 38.20%. The firm had revenue of $184.80 million during the quarter, compared to analyst estimates of $185.27 million. During the same period last year, the business earned $1.11 earnings per share. The business’s revenue was down 34.1% on a year-over-year basis. As a group, sell-side analysts predict that Yirendai will post 2.03 EPS for the current fiscal year.
Yirendai Company Profile
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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