Sei Investments Co. trimmed its holdings in Yirendai Ltd – (NYSE:YRD) by 44.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,512 shares of the technology company’s stock after selling 10,694 shares during the quarter. Sei Investments Co.’s holdings in Yirendai were worth $286,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Sylebra HK Co Ltd increased its stake in shares of Yirendai by 109.7% in the 1st quarter. Sylebra HK Co Ltd now owns 1,296,169 shares of the technology company’s stock valued at $52,145,000 after acquiring an additional 677,938 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Yirendai by 1.2% in the 1st quarter. JPMorgan Chase & Co. now owns 453,374 shares of the technology company’s stock valued at $18,240,000 after acquiring an additional 5,573 shares during the last quarter. Copper Rock Capital Partners LLC increased its stake in shares of Yirendai by 44.3% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 200,926 shares of the technology company’s stock valued at $4,031,000 after acquiring an additional 61,710 shares during the last quarter. BlackRock Inc. increased its stake in shares of Yirendai by 4.7% in the 1st quarter. BlackRock Inc. now owns 162,280 shares of the technology company’s stock valued at $6,529,000 after acquiring an additional 7,288 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Yirendai by 74.9% in the 2nd quarter. First Trust Advisors LP now owns 121,446 shares of the technology company’s stock valued at $2,577,000 after acquiring an additional 52,011 shares during the last quarter. 9.94% of the stock is owned by institutional investors and hedge funds.

Shares of YRD opened at $17.88 on Tuesday. Yirendai Ltd – has a 52-week low of $12.39 and a 52-week high of $53.50. The company has a market capitalization of $1.03 billion, a P/E ratio of 5.18 and a beta of 4.38.

Yirendai (NYSE:YRD) last issued its quarterly earnings data on Tuesday, August 28th. The technology company reported $0.50 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.05). Yirendai had a net margin of 19.76% and a return on equity of 50.11%. The business had revenue of $229.60 million during the quarter, compared to analyst estimates of $231.19 million. During the same quarter in the prior year, the firm posted $4.45 earnings per share. research analysts anticipate that Yirendai Ltd – will post 2.41 earnings per share for the current fiscal year.

A number of analysts have recently commented on the company. ValuEngine cut Yirendai from a “hold” rating to a “sell” rating in a research note on Tuesday, June 26th. Morgan Stanley cut Yirendai from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 25th. Zacks Investment Research upgraded Yirendai from a “strong sell” rating to a “hold” rating in a research report on Saturday, August 25th. Needham & Company LLC lowered Yirendai from a “buy” rating to a “hold” rating in a research report on Wednesday, August 29th. Finally, TheStreet upgraded Yirendai from a “d” rating to a “c-” rating in a research report on Monday, August 20th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $47.00.

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.

Further Reading: Technical Analysis of Stocks and What It Means

Want to see what other hedge funds are holding YRD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Yirendai Ltd – (NYSE:YRD).

Institutional Ownership by Quarter for Yirendai (NYSE:YRD)

Receive News & Ratings for Yirendai Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yirendai and related companies with MarketBeat.com's FREE daily email newsletter.