Yuanbao (NASDAQ:YB) Shares Down 2.2% – Here’s What Happened

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) shares were down 2.2% on Wednesday . The company traded as low as $13.64 and last traded at $13.69. Approximately 9,664 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 29,925 shares. The stock had previously closed at $14.00.

Analysts Set New Price Targets

YB has been the topic of several recent analyst reports. Weiss Ratings upgraded Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday. 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, the stock currently has a consensus rating of “Hold” and an average price target of $21.80.

Yuanbao Price Performance

The company has a market cap of $628.42 million, a PE ratio of 3.37 and a beta of 0.43. The stock has a fifty day moving average price of $14.55 and a 200-day moving average price of $16.83.

Yuanbao Announces Dividend

The firm also recently disclosed an annual dividend, which was paid on Tuesday, July 28th. Investors of record on Thursday, July 2nd were paid a $1.26 dividend. This represents a yield of 839.0%. The ex-dividend date of this dividend was Thursday, July 2nd. Yuanbao’s dividend payout ratio is currently 29.95%.

Hedge Funds Weigh In On Yuanbao

Institutional investors and hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new stake in shares of Yuanbao in the second quarter worth approximately $454,000. Federated Hermes Inc. purchased a new position in Yuanbao during the second quarter valued at approximately $370,000. Susquehanna International Group LLP acquired a new position in Yuanbao in the 3rd quarter valued at approximately $59,613,000. Franchise GP Ltd acquired a new position in Yuanbao in the 4th quarter valued at approximately $1,351,000. Finally, Barclays PLC lifted its position in Yuanbao by 68.7% in the 4th quarter. Barclays PLC now owns 41,988 shares of the company’s stock worth $851,000 after buying an additional 17,105 shares in the last quarter.

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.