Yuanbao (NASDAQ:YB) Trading 7.4% Higher – Still a Buy?

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

Analyst Ratings Changes

Several analysts have recently weighed in on YB shares. Wall Street Zen downgraded shares of Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Weiss Ratings raised shares of Yuanbao from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 15th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.80.

Yuanbao Stock Up 8.7%

The stock has a fifty day moving average of $15.18 and a two-hundred day moving average of $18.02. The stock has a market cap of $746.75 million, a price-to-earnings ratio of 3.98 and a beta of 0.46.

Yuanbao Announces Dividend

The business also recently announced an annual dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Thursday, July 2nd will be given a dividend of $1.26 per share. This represents a dividend yield of 766.0%. The ex-dividend date is Thursday, July 2nd.

Hedge Funds Weigh In On Yuanbao

A number of large investors have recently made changes to their positions in YB. Royal Bank of Canada acquired a new stake in shares of Yuanbao in the first quarter valued at about $72,000. Federated Hermes Inc. acquired a new position in Yuanbao during the second quarter worth about $370,000. JPMorgan Chase & Co. purchased a new position in Yuanbao in the second quarter valued at about $454,000. Barclays PLC lifted 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 valued at $851,000 after acquiring an additional 17,105 shares during the period. Finally, Franchise GP Ltd acquired a new stake in shares of Yuanbao during the 4th quarter valued at approximately $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.