Yuanbao (NASDAQ:YB) Trading Up 3.1% – Here’s Why

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB)’s share price rose 3.1% during trading on Thursday . The stock traded as high as $14.00 and last traded at $13.8550. Approximately 19,280 shares changed hands during trading, a decline of 54% from the average session volume of 41,592 shares. The stock had previously closed at $13.44.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $21.80.

Yuanbao Stock Performance

The firm has a 50-day moving average of $13.80 and a 200-day moving average of $15.72. The firm has a market capitalization of $627.06 million, a P/E ratio of 3.09 and a beta of 0.44.

Yuanbao (NASDAQ:YB) last posted its earnings results on Friday, September 11th. The company reported $1.26 EPS for the quarter. Yuanbao had a return on equity of 45.60% and a net margin of 29.91%.The business had revenue of $204.92 million during the quarter.

Institutional Investors Weigh In On Yuanbao

Large investors have recently bought and sold shares of the business. Susquehanna International Group LLP bought a new position in Yuanbao during the 3rd quarter valued at about $59,613,000. Barclays PLC boosted its holdings 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 last quarter. JPMorgan Chase & Co. boosted its holdings in shares of 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 acquiring an additional 11,607 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Yuanbao in the second quarter worth approximately $370,000. Finally, Royal Bank of Canada bought a new stake in shares of Yuanbao in the first quarter worth approximately $72,000.

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.