Yuanbao (NASDAQ:YB) Shares Gap Down – Should You Sell?

Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) gapped down before the market opened on Thursday . The stock had previously closed at $14.51, but opened at $13.91. Yuanbao shares last traded at $14.3120, with a volume of 7,778 shares.

Analysts Set New Price Targets

Several analysts have weighed in on YB shares. Weiss Ratings downgraded shares of Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, June 30th. Wall Street Zen downgraded Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Yuanbao presently has an average rating of “Hold” and an average target price of $21.80.

Yuanbao Price Performance

The company has a market capitalization of $651.18 million, a P/E ratio of 3.49 and a beta of 0.39. The company has a 50 day moving average of $14.91 and a 200-day moving average of $17.80.

Yuanbao Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, July 28th. Stockholders of record on Thursday, July 2nd will be given a $1.26 dividend. This represents a dividend yield of 839.0%. The ex-dividend date is Thursday, July 2nd. Yuanbao’s dividend payout ratio (DPR) is currently 30.43%.

Institutional Trading of Yuanbao

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP purchased a new position in Yuanbao during the 3rd quarter valued at $59,613,000. Franchise GP Ltd purchased a new position in shares of Yuanbao during the fourth quarter valued at about $1,351,000. Barclays PLC raised its stake in Yuanbao by 68.7% in the fourth quarter. Barclays PLC now owns 41,988 shares of the company’s stock worth $851,000 after buying an additional 17,105 shares in the last quarter. JPMorgan Chase & Co. boosted its position in 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 in the last quarter. Finally, Federated Hermes Inc. purchased a new position in shares of Yuanbao during the 2nd quarter worth approximately $370,000.

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.