Yuanbao (NASDAQ:YB) Shares Gap Up – Should You Buy?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) gapped up prior to trading on Monday . The stock had previously closed at $13.47, but opened at $14.00. Yuanbao shares last traded at $13.7410, with a volume of 54,729 shares changing hands.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on YB. Wall Street Zen lowered shares of Yuanbao from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised shares of Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Two investment 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 3.1%

The company has a market capitalization of $628.42 million, a PE ratio of 3.37 and a beta of 0.43. The company has a fifty day simple moving average of $14.41 and a 200-day simple moving average of $16.48.

Yuanbao Dividend Announcement

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

Hedge Funds Weigh In On Yuanbao

A number of institutional investors have recently bought and sold shares of YB. Ramsey Quantitative Systems acquired a new position in Yuanbao in the 2nd quarter valued at about $160,000. Royal Bank of Canada acquired a new stake in shares of Yuanbao during the 1st quarter worth approximately $72,000. Barclays PLC increased its holdings 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 buying an additional 17,105 shares during the last quarter. Franchise GP Ltd purchased a new stake in shares of Yuanbao during the 4th quarter valued at approximately $1,351,000. Finally, Susquehanna International Group LLP purchased a new stake in shares of Yuanbao during the 3rd quarter valued at approximately $59,613,000.

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.