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 $13.40, but opened at $13.94. Yuanbao shares last traded at $14.04, with a volume of 164 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Weiss Ratings upgraded shares of Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, August 5th. Wall Street Zen lowered Yuanbao from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Yuanbao presently has an average rating of “Hold” and a consensus price target of $21.80.

Yuanbao Stock Up 1.5%

The company has a market capitalization of $618.50 million, a P/E ratio of 3.31 and a beta of 0.43. The stock has a fifty day simple moving average of $14.25 and a 200-day simple moving average of $16.36.

Yuanbao Dividend Announcement

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

Hedge Funds Weigh In On Yuanbao

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP acquired a new stake in shares of Yuanbao during the third quarter worth approximately $59,613,000. JPMorgan Chase & Co. bought a new position in shares of Yuanbao in the second quarter valued at approximately $454,000. Federated Hermes Inc. acquired a new position in shares of Yuanbao in the 2nd quarter worth approximately $370,000. Barclays PLC boosted its holdings in shares of Yuanbao by 68.7% in the 4th quarter. Barclays PLC now owns 41,988 shares of the company’s stock worth $851,000 after acquiring an additional 17,105 shares in the last quarter. Finally, Ramsey Quantitative Systems bought a new stake in Yuanbao during the 2nd quarter worth approximately $160,000.

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.