Yuanbao (NASDAQ:YB) Trading Up 5.4% – Still a Buy?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB)’s share price was up 5.4% during trading on Friday . The company traded as high as $17.93 and last traded at $17.6050. Approximately 31,118 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 52,259 shares. The stock had previously closed at $16.71.

Analyst Upgrades and Downgrades

Several analysts have issued reports on YB shares. Wall Street Zen downgraded shares of Yuanbao from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Yuanbao in a research report on Monday, December 29th. Finally, Citigroup began coverage on Yuanbao in a report on Monday, February 23rd. They set a “neutral” rating and a $21.80 price target on the stock. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $21.80.

Yuanbao Price Performance

The firm’s fifty day moving average is $19.84 and its 200 day moving average is $20.88. The firm has a market capitalization of $807.83 million and a price-to-earnings ratio of 4.63.

Yuanbao (NASDAQ:YB) last released its quarterly earnings data on Wednesday, March 18th. The company reported $0.99 earnings per share for the quarter. Yuanbao had a net margin of 29.89% and a return on equity of 67.69%. The firm had revenue of $167.98 million for the quarter.

Institutional Trading of Yuanbao

Hedge funds and other institutional investors have recently modified their holdings of the company. Federated Hermes Inc. acquired a new stake in Yuanbao during the second quarter valued at $370,000. JPMorgan Chase & Co. acquired a new position in Yuanbao in the 2nd quarter worth about $454,000. Barclays PLC raised its stake in shares of Yuanbao by 68.7% during the 4th quarter. Barclays PLC now owns 41,988 shares of the company’s stock worth $851,000 after purchasing an additional 17,105 shares in the last quarter. Franchise GP Ltd purchased a new stake in shares of Yuanbao during the 4th quarter worth about $1,351,000. Finally, WFM ASIA BVI Ltd lifted its holdings 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 buying an additional 86,414 shares during 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.