Yuanbao (NASDAQ:YB) Shares Up 7.4% – Should You Buy?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) shares shot up 7.4% on Wednesday . The stock traded as high as $16.20 and last traded at $16.3650. 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.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on YB. Weiss Ratings cut Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday. Wall Street Zen cut Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $21.80.

Yuanbao Price Performance

The stock has a 50 day simple moving average of $15.09 and a two-hundred day simple moving average of $17.96. The company has a market cap of $677.10 million, a price-to-earnings ratio of 3.63 and a beta of 0.39.

Yuanbao Dividend Announcement

The business also recently declared an annual dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Thursday, July 2nd will be issued a dividend of $1.26 per share. This represents a dividend yield of 839.0%. The ex-dividend date is Thursday, July 2nd.

Institutional Investors Weigh In On Yuanbao

A number of hedge funds have recently modified their holdings of YB. Royal Bank of Canada purchased a new position in Yuanbao during the first quarter worth about $72,000. Barclays PLC grew its stake in shares of Yuanbao by 68.7% in the 4th quarter. Barclays PLC now owns 41,988 shares of the company’s stock valued at $851,000 after buying an additional 17,105 shares during the period. Franchise GP Ltd acquired a new stake in shares of Yuanbao during the 4th quarter worth approximately $1,351,000. JPMorgan Chase & Co. increased 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 worth $653,000 after buying an additional 11,607 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Yuanbao during the 3rd quarter valued at approximately $59,613,000.

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.