Yuanbao (NASDAQ:YB) Trading 5.4% Higher – Time to Buy?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB)’s stock price traded up 5.4% during trading on Friday . The company traded as high as $17.93 and last traded at $17.6050. Approximately 31,118 shares were traded during trading, a decline of 40% from the average daily volume of 52,259 shares. The stock had previously closed at $16.71.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on YB. Citigroup started coverage on Yuanbao in a research note on Monday, February 23rd. They issued a “neutral” rating and a $21.80 price objective on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Yuanbao in a research note on Monday, December 29th. Finally, Wall Street Zen lowered shares of Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $21.80.

Yuanbao Price Performance

The stock has a 50 day simple moving average of $19.89 and a two-hundred day simple moving average of $20.94. The company has a market cap of $802.65 million and a PE ratio of 4.60.

Yuanbao (NASDAQ:YB) last issued its earnings results on Wednesday, March 18th. The company reported $0.99 earnings per share for the quarter. The business had revenue of $167.98 million for the quarter. Yuanbao had a net margin of 29.89% and a return on equity of 90.88%.

Institutional Investors Weigh In On Yuanbao

A number of hedge funds and other institutional investors have recently modified their holdings of YB. WFM ASIA BVI Ltd acquired a new position in shares of Yuanbao during the second quarter worth $2,020,000. Susquehanna International Group LLP acquired a new stake in Yuanbao in the third quarter valued at $59,613,000. Barclays PLC increased its position in shares of Yuanbao by 68.7% in 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. JPMorgan Chase & Co. grew its stake in Yuanbao by 53.7% in 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. Finally, Federated Hermes Inc. acquired a new stake in Yuanbao during the second quarter valued at approximately $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.