Yuanbao (NASDAQ:YB) Shares Gap Down – Time to Sell?

Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) gapped down before the market opened on Wednesday . The stock had previously closed at $14.46, but opened at $13.85. Yuanbao shares last traded at $13.9930, with a volume of 164 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Weiss Ratings lowered shares of Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, June 30th. Wall Street Zen cut shares of Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Yuanbao presently has a consensus rating of “Hold” and a consensus price target of $21.80.

Yuanbao Price Performance

The company has a market cap of $625.03 million, a PE ratio of 3.35 and a beta of 0.39. The business has a 50 day moving average of $14.78 and a 200 day moving average of $17.63.

Yuanbao Dividend Announcement

The business also recently announced an annual dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Thursday, July 2nd will be issued a $1.26 dividend. This represents a yield of 839.0%. The ex-dividend date of this dividend is Thursday, July 2nd. Yuanbao’s payout ratio is 29.95%.

Hedge Funds Weigh In On Yuanbao

Several large investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new position in Yuanbao in the 2nd quarter valued at approximately $454,000. Federated Hermes Inc. purchased a new position in shares of Yuanbao in the second quarter worth $370,000. Susquehanna International Group LLP purchased a new position in Yuanbao in the 3rd quarter worth about $59,613,000. Franchise GP Ltd bought a new position in Yuanbao during the fourth quarter valued at approximately $1,351,000. Finally, Barclays PLC lifted its holdings in shares of Yuanbao by 68.7% during the 4th quarter. Barclays PLC now owns 41,988 shares of the company’s stock valued at $851,000 after buying an additional 17,105 shares during the period.

Yuanbao Company Profile

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine. Through this engine, we successfully distribute suitable and high-quality insurance products to over ten million insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China’s personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023.