Needham & Company LLC reaffirmed their buy rating on shares of Yirendai Ltd. (NYSE:YRD) in a research report report published on Friday, November 3rd. They currently have a $42.00 target price on the technology company’s stock.
Several other analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Yirendai from a hold rating to a buy rating and set a $46.00 price objective on the stock in a research note on Tuesday, September 12th. ValuEngine upgraded shares of Yirendai from a buy rating to a strong-buy rating in a research report on Thursday, August 24th. Five analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and an average target price of $52.00.
Shares of Yirendai (YRD) traded down $2.19 on Friday, hitting $42.71. 951,703 shares of the stock were exchanged, compared to its average volume of 532,156. The firm has a market capitalization of $2,695.00, a price-to-earnings ratio of 14.32 and a beta of 8.34. Yirendai has a 1-year low of $19.85 and a 1-year high of $53.50.
ILLEGAL ACTIVITY WARNING: “Needham & Company LLC Reiterates “Buy” Rating for Yirendai Ltd. (YRD)” was posted by BBNS and is the sole property of of BBNS. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://baseballnewssource.com/markets/yirendai-ltd-yrd-receives-buy-rating-from-needham-company-llc/1755909.html.
A number of hedge funds and other institutional investors have recently made changes to their positions in YRD. JPMorgan Chase & Co. raised 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 worth $137,000 after purchasing an additional 3,036 shares during the period. Bank of America Corp DE raised 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 worth $192,000 after purchasing an additional 1,504 shares during the period. TIAA CREF Investment Management LLC acquired a new stake in Yirendai in the second quarter worth $204,000. Rehmann Capital Advisory Group acquired a new stake in Yirendai in the third quarter worth $205,000. Finally, Global X Management Co. LLC raised 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 worth $206,000 after purchasing an additional 6,576 shares during the period. Institutional investors and hedge funds own 7.35% of the company’s stock.
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 our FREE daily email newsletter.