Yuanbao (NASDAQ:YB) Sees Large Volume Increase – Here’s Why

Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw unusually-high trading volume on Tuesday . Approximately 102,965 shares were traded during mid-day trading, an increase of 60% from the previous session’s volume of 64,344 shares.The stock last traded at $21.04 and had previously closed at $20.40.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on YB shares. Wall Street Zen upgraded shares of Yuanbao from a “hold” rating to a “buy” rating in a research note on Saturday, December 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Yuanbao in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold”.

Yuanbao Price Performance

The stock has a market cap of $964.26 million and a PE ratio of 7.45. The firm has a 50-day moving average of $20.51 and a 200-day moving average of $22.99.

Yuanbao (NASDAQ:YB) last issued its earnings results on Wednesday, December 3rd. The company reported $1.08 earnings per share for the quarter. The company had revenue of $162.64 million for the quarter.

Institutional Investors Weigh In On Yuanbao

A number of hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. grew its holdings in Yuanbao by 53.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock valued at $653,000 after buying an additional 11,607 shares in the last quarter. Federated Hermes Inc. purchased a new stake in shares of Yuanbao during the 2nd quarter worth approximately $370,000. WFM ASIA BVI Ltd boosted its position in shares of Yuanbao by 89.9% during the 3rd quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock valued at $3,584,000 after acquiring an additional 86,414 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new position in shares of Yuanbao in the third quarter valued at $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. 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.