Yuanbao (NASDAQ:YB) Sees Strong Trading Volume – Still a Buy?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) shares saw strong trading volume on Monday . Approximately 48,280 shares traded hands during trading, an increase of 3% from the previous session’s volume of 46,842 shares.The stock last traded at $14.5850 and had previously closed at $15.02.

Analyst Upgrades and Downgrades

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

Yuanbao Trading Down 3.4%

The business has a fifty day moving average price of $15.04 and a two-hundred day moving average price of $17.92. The company has a market cap of $654.34 million, a price-to-earnings ratio of 3.51 and a beta of 0.39.

Yuanbao Announces Dividend

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

Institutional Investors Weigh In On Yuanbao

Several large investors have recently made changes to their positions in YB. Susquehanna International Group LLP acquired a new position in Yuanbao in the third quarter worth approximately $59,613,000. Franchise GP Ltd acquired a new stake in Yuanbao in the fourth quarter valued at approximately $1,351,000. Barclays PLC lifted its stake in Yuanbao by 68.7% in the fourth quarter. Barclays PLC now owns 41,988 shares of the company’s stock valued at $851,000 after acquiring an additional 17,105 shares during the last quarter. JPMorgan Chase & Co. grew its position 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 acquiring an additional 11,607 shares in the last quarter. Finally, Federated Hermes Inc. acquired a new position in shares of Yuanbao during the 2nd quarter worth $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.