Yuanbao (NASDAQ:YB) Trading 5.8% Higher – Time to Buy?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB)’s stock price rose 5.8% during mid-day trading on Tuesday . The stock traded as high as $14.25 and last traded at $14.2530. 1,613 shares were traded during trading, a decline of 96% from the average session volume of 43,827 shares. The stock had previously closed at $13.47.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on YB. Weiss Ratings raised Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Wall Street Zen lowered Yuanbao from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Yuanbao presently has a consensus rating of “Hold” and an average target price of $21.80.

Yuanbao Price Performance

The firm’s 50 day moving average is $14.35 and its 200 day moving average is $16.44. The company has a market cap of $623.01 million, a PE ratio of 3.34 and a beta of 0.43.

Yuanbao Announces Dividend

The company also recently declared an annual dividend, which was paid on Tuesday, July 28th. Shareholders of record on Thursday, July 2nd were issued a $1.26 dividend. This represents a yield of 839.0%. The ex-dividend date of this dividend was Thursday, July 2nd. Yuanbao’s dividend payout ratio (DPR) is presently 29.95%.

Institutional Investors Weigh In On Yuanbao

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada bought a new stake in Yuanbao during the first quarter valued at $72,000. Ramsey Quantitative Systems bought a new position in Yuanbao in the 2nd quarter worth about $160,000. JPMorgan Chase & Co. increased its stake in Yuanbao by 53.7% in the 3rd 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. Barclays PLC raised its holdings 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 acquiring an additional 17,105 shares in the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of Yuanbao in the 2nd quarter valued at 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. 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.