Yuanbao (NASDAQ:YB) Sets New 12-Month Low – Should You Sell?

Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) hit a new 52-week low during trading on Friday . The company traded as low as $13.70 and last traded at $13.2160, with a volume of 11518 shares traded. The stock had previously closed at $14.07.

Analysts Set New Price Targets

A number of brokerages have recently commented on YB. Wall Street Zen lowered shares of Yuanbao from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Citigroup began coverage on shares of Yuanbao in a research report on Monday, February 23rd. They issued a “neutral” rating and a $21.80 price objective on the stock. Finally, Weiss Ratings lowered shares of Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $21.80.

Yuanbao Stock Down 7.1%

The firm has a market capitalization of $588.97 million and a price-to-earnings ratio of 3.38. The stock’s fifty day moving average is $17.21 and its two-hundred day moving average is $19.26.

Hedge Funds Weigh In On Yuanbao

A number of institutional investors have recently added to or reduced their stakes in YB. Susquehanna International Group LLP acquired a new position in Yuanbao during the third quarter worth $59,613,000. WFM ASIA BVI Ltd increased its holdings in Yuanbao by 89.9% during the third quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock worth $3,584,000 after buying an additional 86,414 shares during the last quarter. Franchise GP Ltd acquired a new position in Yuanbao during the fourth quarter worth $1,351,000. JPMorgan Chase & Co. acquired a new position in Yuanbao during the second quarter worth $454,000. Finally, Federated Hermes Inc. acquired a new position in Yuanbao during the second quarter worth $370,000.

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. 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.