Investors Purchase High Volume of Put Options on Yirendai (YRD)
Yirendai Ltd. (NYSE:YRD) saw some unusual options trading activity on Thursday. Traders purchased 653 put options on the company. This represents an increase of 706% compared to the typical volume of 81 put options.
A number of research firms recently issued reports on YRD. ValuEngine downgraded shares of Yirendai from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Yirendai from a “buy” rating to a “hold” rating in a research report on Friday, September 15th. Macquarie began coverage on shares of Yirendai in a research report on Tuesday, November 14th. They set an “outperform” rating and a $60.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $42.00 target price on shares of Yirendai in a research report on Friday, November 3rd. Finally, Citigroup Inc. began coverage on shares of Yirendai in a research report on Tuesday, November 14th. They set a “buy” rating for the company. Five research analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and a consensus price target of $52.00.
Yirendai (YRD) opened at $38.29 on Friday. Yirendai has a fifty-two week low of $19.85 and a fifty-two week high of $53.50. The firm has a market cap of $2,552.18, a price-to-earnings ratio of 13.56 and a beta of 8.34.
Yirendai (NYSE:YRD) last released its quarterly earnings data on Tuesday, November 14th. The technology company reported $0.74 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.04). Yirendai had a net margin of 27.09% and a return on equity of 70.10%. The firm had revenue of $227.50 million during the quarter, compared to analysts’ expectations of $201.27 million. During the same period in the previous year, the firm posted $0.85 EPS. The firm’s quarterly revenue was up 73.0% on a year-over-year basis. analysts predict that Yirendai will post 3.15 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its holdings in Yirendai by 2,216.1% in the third quarter. JPMorgan Chase & Co. now owns 3,173 shares of the technology company’s stock valued at $137,000 after buying an additional 3,036 shares in the last quarter. Bank of America Corp DE increased its holdings in Yirendai by 24.5% in the first quarter. Bank of America Corp DE now owns 7,644 shares of the technology company’s stock valued at $192,000 after buying an additional 1,504 shares in the last quarter. TIAA CREF Investment Management LLC purchased a new position in Yirendai in the second quarter valued at $204,000. Rehmann Capital Advisory Group purchased a new position in Yirendai in the third quarter valued at $205,000. Finally, Global X Management Co. LLC increased its holdings in Yirendai by 399.0% in the second quarter. Global X Management Co. LLC now owns 8,224 shares of the technology company’s stock valued at $206,000 after buying an additional 6,576 shares in the last quarter. 7.35% of the stock is owned by institutional investors.
TRADEMARK VIOLATION WARNING: This piece was posted by Watch List News and is the sole property of of Watch List News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.watchlistnews.com/investors-purchase-high-volume-of-put-options-on-yirendai-yrd/1726641.html.
Yirendai Company Profile
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.
Receive News & Ratings for Yirendai Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yirendai Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.