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

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw unusually-strong trading volume on Tuesday . Approximately 102,965 shares changed hands during trading, an increase of 60% from the previous session’s volume of 64,344 shares.The stock last traded at $21.04 and had previously closed at $20.40.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Yuanbao from a “hold” rating to a “buy” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of Yuanbao in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, Yuanbao currently has an average rating of “Hold”.

Yuanbao Trading Up 4.9%

The stock has a market capitalization of $964.26 million and a PE ratio of 7.45. The business’s 50 day moving average is $20.51 and its 200 day moving average is $22.99.

Yuanbao (NASDAQ:YB) last announced its earnings results on Wednesday, December 3rd. The company reported $1.08 earnings per share (EPS) for the quarter. The business had revenue of $162.64 million for the quarter.

Institutional Trading of Yuanbao

Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. purchased a new stake in shares of Yuanbao during the second quarter valued at $370,000. JPMorgan Chase & Co. purchased a new stake in Yuanbao in the second quarter worth about $454,000. WFM ASIA BVI Ltd bought a new position in Yuanbao during the 2nd quarter worth about $2,020,000. Finally, Susquehanna International Group LLP bought a new position in Yuanbao during the 3rd quarter worth about $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.