Yuanbao (NASDAQ:YB) Downgraded by Wall Street Zen to Hold

Wall Street Zen downgraded shares of Yuanbao (NASDAQ:YB) from a buy rating to a hold rating in a report issued on Saturday.

Several other equities analysts have also weighed in on the stock. Citigroup began coverage on shares of Yuanbao in a report on Monday, February 23rd. They set a “neutral” rating and a $21.80 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Yuanbao in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.80.

Yuanbao Price Performance

NASDAQ YB opened at $19.54 on Friday. Yuanbao has a 1-year low of $14.04 and a 1-year high of $31.00. The firm has a market capitalization of $880.86 million and a P/E ratio of 6.81. The business’s 50-day simple moving average is $20.07 and its 200-day simple moving average is $21.57.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Susquehanna International Group LLP acquired a new stake in Yuanbao during the 3rd quarter valued at approximately $59,613,000. WFM ASIA BVI Ltd grew its position in shares of Yuanbao by 89.9% during the third quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock worth $3,584,000 after buying an additional 86,414 shares in the last quarter. Franchise GP Ltd bought a new stake in shares of Yuanbao in the fourth quarter worth $1,351,000. Barclays PLC raised its holdings 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 in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Yuanbao by 53.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock valued at $653,000 after acquiring an additional 11,607 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.