Yuanbao (NASDAQ:YB) Raised to “Buy” at Wall Street Zen

Yuanbao (NASDAQ:YB) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Saturday.

Several other research analysts also recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Yuanbao in a research note on Friday, March 27th. Citigroup initiated coverage on Yuanbao in a research note on Monday, February 23rd. They set a “neutral” rating and a $21.80 price target for the company. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Yuanbao presently has a consensus rating of “Hold” and an average price target of $21.80.

Yuanbao Price Performance

NASDAQ:YB opened at $17.71 on Friday. The company has a market capitalization of $798.37 million and a PE ratio of 4.58. Yuanbao has a 52-week low of $14.04 and a 52-week high of $31.00. The stock has a fifty day simple moving average of $19.08 and a 200-day simple moving average of $20.23.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in YB. WFM ASIA BVI Ltd grew its holdings in Yuanbao by 89.9% in the 3rd quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock valued at $3,584,000 after buying an additional 86,414 shares during the period. Susquehanna International Group LLP purchased a new stake in Yuanbao in the 3rd quarter valued at about $59,613,000. Barclays PLC grew its holdings in Yuanbao by 68.7% in the 4th quarter. Barclays PLC now owns 41,988 shares of the company’s stock valued at $851,000 after buying an additional 17,105 shares during the period. JPMorgan Chase & Co. grew its holdings in Yuanbao by 53.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock valued at $653,000 after buying an additional 11,607 shares during the period. Finally, Federated Hermes Inc. purchased a new stake in Yuanbao in the 2nd quarter valued at about $370,000.

About Yuanbao

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.