Penserra Capital Management LLC bought a new position in shares of Yirendai Ltd – (NYSE:YRD) during the 4th quarter, HoldingsChannel.com reports. The fund bought 128,027 shares of the technology company’s stock, valued at approximately $5,629,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its stake 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 acquiring an additional 3,036 shares during the last quarter. TIAA CREF Investment Management LLC bought a new position in Yirendai in the second quarter valued at approximately $204,000. Rehmann Capital Advisory Group bought a new position in Yirendai in the third quarter valued at approximately $205,000. Peregrine Asset Advisers Inc. bought a new position in Yirendai in the third quarter valued at approximately $252,000. Finally, Northern Trust Corp bought a new position in Yirendai in the second quarter valued at approximately $260,000. 10.08% of the stock is currently owned by institutional investors.

Shares of Yirendai Ltd – (NYSE:YRD) opened at $37.85 on Tuesday. Yirendai Ltd – has a 52-week low of $22.66 and a 52-week high of $53.50. The firm has a market cap of $2,120.74, a P/E ratio of 11.27 and a beta of 6.14.

Yirendai (NYSE:YRD) last issued its earnings results 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 company had revenue of $227.50 million during the quarter, compared to analyst estimates of $201.27 million. During the same quarter in the prior year, the business earned $0.85 EPS. The business’s quarterly revenue was up 73.0% on a year-over-year basis. equities research analysts forecast that Yirendai Ltd – will post 3.1 earnings per share for the current fiscal year.

A number of research analysts recently issued reports on the stock. TheStreet raised shares of Yirendai from a “c” rating to a “b-” rating in a research note on Monday, December 18th. Macquarie initiated coverage on shares of Yirendai in a research note on Tuesday, November 14th. They issued an “outperform” rating and a $60.00 price objective on the stock. Needham & Company LLC restated a “buy” rating and issued a $42.00 target price on shares of Yirendai in a research report on Friday, November 3rd. Citigroup initiated coverage on shares of Yirendai in a research report on Tuesday, November 14th. They issued a “buy” rating on the stock. Finally, Zacks Investment Research upgraded shares of Yirendai from a “hold” rating to a “buy” rating and set a $46.00 target price on the stock in a research report on Friday, November 17th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.00.

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About Yirendai

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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Institutional Ownership by Quarter for Yirendai (NYSE:YRD)

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