Waterdrop (NYSE:WDH) Trading Down 3.3% – Should You Sell?

Waterdrop Inc. Unsponsored ADR (NYSE:WDH)’s stock price traded down 3.3% on Wednesday . The stock traded as low as $1.76 and last traded at $1.77. 310,969 shares were traded during mid-day trading, a decline of 18% from the average session volume of 376,971 shares. The stock had previously closed at $1.83.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Waterdrop from a “buy” rating to a “hold” rating in a research report on Saturday, July 26th.

Waterdrop Stock Performance

The stock’s 50-day moving average is $1.57 and its 200 day moving average is $1.42. The firm has a market cap of $641.59 million, a P/E ratio of 11.80 and a beta of -0.28.

Hedge Funds Weigh In On Waterdrop

Several institutional investors have recently modified their holdings of WDH. Jane Street Group LLC bought a new stake in Waterdrop during the 4th quarter worth approximately $78,000. Baader Bank Aktiengesellschaft boosted its holdings in shares of Waterdrop by 28.6% in the first quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company’s stock valued at $2,475,000 after buying an additional 369,325 shares during the period. E Fund Management Hong Kong Co. Ltd. bought a new stake in shares of Waterdrop during the second quarter worth $372,000. Invesco Ltd. acquired a new stake in shares of Waterdrop during the second quarter worth $156,000. Finally, Marshall Wace LLP bought a new stake in Waterdrop in the 2nd quarter valued at $25,000. Institutional investors own 1.96% of the company’s stock.

About Waterdrop

Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.