Yuanbao (NASDAQ:YB) Shares Up 7.4% – Still a Buy?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB)’s stock price rose 7.4% during trading on Wednesday . The stock traded as high as $16.20 and last traded at $16.3650. 6,374 shares traded hands during trading, a decline of 86% from the average session volume of 46,353 shares. The stock had previously closed at $15.24.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Weiss Ratings upgraded shares of Yuanbao from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 15th. Wall Street Zen cut Yuanbao from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of $21.80.

Yuanbao Trading Up 8.7%

The business’s fifty day moving average price is $15.18 and its 200 day moving average price is $18.02. The firm has a market capitalization of $746.75 million, a price-to-earnings ratio of 3.98 and a beta of 0.46.

Yuanbao Dividend Announcement

The firm also recently announced an annual dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Thursday, July 2nd will be issued a $1.26 dividend. This represents a dividend yield of 766.0%. The ex-dividend date of this dividend is Thursday, July 2nd.

Hedge Funds Weigh In On Yuanbao

A number of hedge funds and other institutional investors have recently made changes to their positions in YB. Royal Bank of Canada purchased a new stake in Yuanbao during the 1st quarter valued at approximately $72,000. Federated Hermes Inc. purchased a new stake in shares of Yuanbao during the second quarter worth approximately $370,000. JPMorgan Chase & Co. acquired a new stake in shares of Yuanbao during the second quarter worth $454,000. Barclays PLC grew its position in Yuanbao by 68.7% in 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 last quarter. Finally, Franchise GP Ltd purchased a new position in Yuanbao in the 4th quarter valued at $1,351,000.

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.