Yirendai Ltd – (NYSE:YRD) had its target price increased by analysts at Needham & Company LLC from $35.00 to $38.00 in a research note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. Needham & Company LLC’s price target suggests a potential upside of 29.30% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Yirendai Ltd – from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 1st. Nomura downgraded shares of Yirendai Ltd – from a “neutral” rating to a “reduce” rating in a research note on Wednesday, August 10th.

Yirendai Ltd – (NYSE:YRD) opened at 29.39 on Thursday. The firm’s 50 day moving average is $27.22 and its 200 day moving average is $21.04. The company has a market cap of $1.76 billion and a PE ratio of 13.66. Yirendai Ltd – has a 52-week low of $3.35 and a 52-week high of $42.34.

A number of large investors have recently made changes to their positions in the company. Great West Life Assurance Co. Can boosted its stake in shares of Yirendai Ltd – by 14.3% in the third quarter. Great West Life Assurance Co. Can now owns 40,000 shares of the company’s stock worth $945,000 after buying an additional 5,000 shares during the period. Symmetry Peak Management LLC acquired a new stake in shares of Yirendai Ltd – during the third quarter worth $237,000. DIAM Co. Ltd. boosted its stake in shares of Yirendai Ltd – by 2,680.5% in the third quarter. DIAM Co. Ltd. now owns 16,544 shares of the company’s stock worth $397,000 after buying an additional 15,949 shares during the period. Morgan Stanley boosted its stake in shares of Yirendai Ltd – by 12.9% in the third quarter. Morgan Stanley now owns 192,763 shares of the company’s stock worth $4,565,000 after buying an additional 22,076 shares during the period. Finally, First Trust Advisors LP acquired a new stake in shares of Yirendai Ltd – during the third quarter worth $2,506,000.

About Yirendai Ltd –

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.

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