Yuanbao (NASDAQ:YB) Shares Down 9.9% – Time to Sell?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB)’s stock price was down 9.9% during trading on Thursday . The company traded as low as $17.41 and last traded at $17.5410. Approximately 91,900 shares changed hands during trading, an increase of 76% from the average daily volume of 52,107 shares. The stock had previously closed at $19.47.

Analysts Set New Price Targets

A number of research firms recently weighed in on YB. Weiss Ratings restated a “hold (c)” rating on shares of Yuanbao in a report on Monday, December 29th. Citigroup initiated coverage on Yuanbao in a report on Monday, February 23rd. They set a “neutral” rating and a $21.80 target price on the stock. Finally, Wall Street Zen lowered Yuanbao from a “buy” rating to a “hold” rating in a research report on Saturday, February 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Yuanbao presently has a consensus rating of “Hold” and a consensus target price of $21.80.

Yuanbao Stock Performance

The stock has a market cap of $791.60 million and a P/E ratio of 6.12. The firm’s fifty day simple moving average is $19.95 and its 200-day simple moving average is $20.97.

Yuanbao (NASDAQ:YB) last posted its quarterly earnings data on Wednesday, March 18th. The company reported $0.99 EPS for the quarter. The firm had revenue of $167.98 million during the quarter.

Institutional Trading of Yuanbao

A number of large investors have recently bought and sold shares of the business. Susquehanna International Group LLP bought a new position in shares of Yuanbao in the 3rd quarter worth about $59,613,000. WFM ASIA BVI Ltd boosted its position in shares of Yuanbao by 89.9% during the 3rd quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock valued at $3,584,000 after purchasing an additional 86,414 shares in the last quarter. Franchise GP Ltd acquired a new stake in Yuanbao during the fourth quarter worth approximately $1,351,000. Barclays PLC grew its stake in Yuanbao by 68.7% during the fourth quarter. Barclays PLC now owns 41,988 shares of the company’s stock worth $851,000 after purchasing an additional 17,105 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in Yuanbao by 53.7% in the third quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock worth $653,000 after purchasing an additional 11,607 shares in the last quarter.

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.