Yuanbao (NASDAQ:YB) Posts Quarterly Earnings Results

Yuanbao (NASDAQ:YB) announced its earnings results on Wednesday. The company reported $1.08 EPS for the quarter, Zacks reports.

Yuanbao Trading Up 0.2%

YB opened at $20.65 on Wednesday. The company has a market capitalization of $930.90 million and a PE ratio of 11.54. Yuanbao has a 1 year low of $14.04 and a 1 year high of $31.00. The company’s 50 day moving average price is $21.27.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Yuanbao in a research report on Monday. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Yuanbao has a consensus rating of “Hold”.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Federated Hermes Inc. acquired a new stake in Yuanbao during the 2nd quarter valued at $370,000. JPMorgan Chase & Co. acquired a new stake in Yuanbao in the 2nd quarter valued at about $454,000. Finally, Susquehanna International Group LLP bought a new position in shares of Yuanbao in the third quarter worth about $59,613,000.

About Yuanbao

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.