Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $14.04 and last traded at $14.2160, with a volume of 1109 shares. The stock had previously closed at $14.30.
Analyst Ratings Changes
YB has been the subject of several recent research reports. Wall Street Zen downgraded shares of Yuanbao from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded shares of Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Citigroup began coverage on shares of Yuanbao in a report on Monday, February 23rd. They set 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, the company has an average rating of “Hold” and a consensus target price of $21.80.
Read Our Latest Analysis on YB
Yuanbao Trading Up 2.7%
Hedge Funds Weigh In On Yuanbao
Several large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP acquired a new position in Yuanbao during the 3rd quarter valued at $59,613,000. WFM ASIA BVI Ltd raised its stake in Yuanbao by 89.9% during the 3rd quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock valued at $3,584,000 after purchasing an additional 86,414 shares during the last quarter. Franchise GP Ltd acquired a new position in Yuanbao during the 4th quarter valued at $1,351,000. Barclays PLC raised its stake in Yuanbao by 68.7% during the 4th quarter. Barclays PLC now owns 41,988 shares of the company’s stock valued at $851,000 after purchasing an additional 17,105 shares during the last quarter. Finally, JPMorgan Chase & Co. raised 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 purchasing 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.
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