Yuanbao (NASDAQ:YB) Trading Down 6.1% – What’s Next?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) shares dropped 6.1% during trading on Thursday . The company traded as low as $16.17 and last traded at $15.8210. Approximately 20,834 shares were traded during mid-day trading, a decline of 56% from the average daily volume of 47,406 shares. The stock had previously closed at $16.84.

Analysts Set New Price Targets

A number of equities analysts have weighed in on YB shares. Weiss Ratings downgraded Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Wall Street Zen lowered shares of Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Finally, Citigroup assumed coverage on shares of Yuanbao in a research note on Monday, February 23rd. They issued a “neutral” rating and a $21.80 price objective for the company. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $21.80.

Yuanbao Trading Down 2.1%

The company’s fifty day moving average is $16.12 and its 200 day moving average is $18.58. The company has a market capitalization of $742.92 million, a P/E ratio of 4.26 and a beta of 0.46.

Yuanbao Dividend Announcement

The firm also recently disclosed an annual dividend, which will be paid on Tuesday, July 28th. Investors of record on Thursday, July 2nd will be issued a $1.26 dividend. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a yield of 766.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada purchased a new stake in Yuanbao in the 1st quarter worth approximately $72,000. JPMorgan Chase & Co. lifted its stake in Yuanbao by 53.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock worth $653,000 after purchasing an additional 11,607 shares in the last quarter. Barclays PLC lifted its stake in Yuanbao by 68.7% in 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. Federated Hermes Inc. purchased a new stake in Yuanbao in the 2nd quarter worth approximately $370,000. Finally, Franchise GP Ltd purchased a new stake in Yuanbao in the 4th quarter worth approximately $1,351,000.

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.