Yuanbao (NASDAQ:YB) Trading Down 8.1% – Should You Sell?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB)’s stock price dropped 8.1% during mid-day trading on Wednesday . The company traded as low as $14.33 and last traded at $14.1650. Approximately 29,199 shares changed hands during mid-day trading, a decline of 38% from the average daily volume of 47,193 shares. The stock had previously closed at $15.41.

Wall Street Analyst Weigh In

YB has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Yuanbao in a research note on Friday, March 27th. Citigroup began coverage on shares of Yuanbao in a report on Monday, February 23rd. They set a “neutral” rating and a $21.80 price target on the stock. Finally, Wall Street Zen lowered shares of Yuanbao from a “buy” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $21.80.

Yuanbao Stock Down 7.2%

The business has a 50-day simple moving average of $18.01 and a 200-day simple moving average of $19.71. The company has a market cap of $644.64 million and a PE ratio of 3.70.

Institutional Investors Weigh In On Yuanbao

Institutional investors have recently added to or reduced their stakes in the stock. Franchise GP Ltd acquired a new position in Yuanbao during the fourth quarter worth $1,351,000. WFM ASIA BVI Ltd grew its position in shares of Yuanbao by 89.9% in the third quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock valued at $3,584,000 after purchasing an additional 86,414 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Yuanbao by 53.7% during the third quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock worth $653,000 after purchasing an additional 11,607 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Yuanbao during the third quarter worth about $59,613,000. Finally, Barclays PLC raised its position in shares of Yuanbao by 68.7% during the 4th quarter. Barclays PLC now owns 41,988 shares of the company’s stock worth $851,000 after purchasing an additional 17,105 shares during 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.