Yirendai Ltd – (YRD) Receives Average Recommendation of “Hold” from Analysts
Shares of Yirendai Ltd – (NYSE:YRD) have been given a consensus rating of “Hold” by the seven research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company.
Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of Yirendai from a “sell” rating to a “hold” rating in a research report on Thursday, December 13th. Citigroup lowered shares of Yirendai from a “buy” rating to a “neutral” rating in a research report on Monday, October 29th.
NYSE:YRD opened at $11.83 on Friday. Yirendai has a fifty-two week low of $9.61 and a fifty-two week high of $44.67. The firm has a market cap of $693.48 million, a PE ratio of 3.43 and a beta of 3.91.
Several institutional investors have recently added to or reduced their stakes in the stock. River & Mercantile Asset Management LLP boosted its position in shares of Yirendai by 8.0% in the 3rd quarter. River & Mercantile Asset Management LLP now owns 94,085 shares of the technology company’s stock worth $1,734,000 after buying an additional 6,985 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Yirendai in the 2nd quarter worth about $210,000. Morgan Stanley boosted its position in shares of 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 buying an additional 13,015 shares in the last quarter. Rehmann Capital Advisory Group purchased a new stake in shares of Yirendai in the 3rd quarter worth about $245,000. Finally, BB&T Securities LLC purchased a new position in Yirendai in the 2nd quarter valued at about $295,000. Institutional investors and hedge funds own 11.26% of the company’s stock.
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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