BB&T Securities LLC purchased a new stake in Yirendai Ltd – (NYSE:YRD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 13,947 shares of the technology company’s stock, valued at approximately $295,000.

Several other large investors have also recently made changes to their positions in the business. Sylebra HK Co Ltd increased its stake in shares of Yirendai by 109.7% in the first quarter. Sylebra HK Co Ltd now owns 1,296,169 shares of the technology company’s stock valued at $52,145,000 after purchasing an additional 677,938 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Yirendai by 1.2% in the first quarter. JPMorgan Chase & Co. now owns 453,374 shares of the technology company’s stock valued at $18,240,000 after purchasing an additional 5,573 shares during the period. Copper Rock Capital Partners LLC increased its stake in shares of Yirendai by 44.3% in the second quarter. Copper Rock Capital Partners LLC now owns 200,926 shares of the technology company’s stock valued at $4,031,000 after purchasing an additional 61,710 shares during the period. BlackRock Inc. increased its stake in shares of Yirendai by 4.7% in the first quarter. BlackRock Inc. now owns 162,280 shares of the technology company’s stock valued at $6,529,000 after purchasing an additional 7,288 shares during the period. Finally, GAM Holding AG acquired a new stake in shares of Yirendai in the second quarter valued at approximately $3,289,000. Institutional investors own 9.93% of the company’s stock.

Yirendai stock opened at $19.77 on Tuesday. The company has a market capitalization of $1.20 billion, a PE ratio of 5.59 and a beta of 4.41. Yirendai Ltd – has a 12-month low of $12.39 and a 12-month high of $53.50.

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

Several equities research analysts have commented on YRD shares. Needham & Company LLC dropped their price target on shares of Yirendai from $50.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, May 29th. ValuEngine lowered shares of Yirendai from a “buy” rating to a “hold” rating in a research note on Tuesday, May 29th. TheStreet lowered shares of Yirendai from a “c-” rating to a “d+” rating in a research note on Thursday, May 31st. Morgan Stanley lowered shares of Yirendai from an “overweight” rating to an “equal weight” rating in a research note on Monday, June 25th. Finally, Zacks Investment Research lowered shares of Yirendai from a “hold” rating to a “strong sell” rating in a research note on Saturday, June 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. Yirendai has an average rating of “Hold” and a consensus target price of $47.00.

Yirendai 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: Moving Average (MA)

Institutional Ownership by Quarter for Yirendai (NYSE:YRD)

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