Wall Street Zen Upgrades Yuanbao (NASDAQ:YB) to Buy

Yuanbao (NASDAQ:YB) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Yuanbao in a research note on Monday, December 8th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of “Hold”.

Yuanbao Stock Performance

NASDAQ:YB opened at $19.81 on Friday. The company has a market capitalization of $893.03 million and a price-to-earnings ratio of 6.90. Yuanbao has a one year low of $14.04 and a one year high of $31.00. The stock has a 50-day simple moving average of $21.52 and a 200 day simple moving average of $22.72.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP acquired a new stake in Yuanbao in the third quarter worth $59,613,000. WFM ASIA BVI Ltd grew its position in shares of Yuanbao by 89.9% during the third quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock worth $3,584,000 after acquiring an additional 86,414 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of Yuanbao by 53.7% during the third quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock worth $653,000 after acquiring an additional 11,607 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in shares of Yuanbao in the 2nd quarter worth about $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.