Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $12.37, but opened at $13.89. Yuanbao shares last traded at $14.4350, with a volume of 3,839 shares changing hands.
Analysts Set New Price Targets
A number of equities research analysts recently weighed in on the stock. 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 research report on Wednesday, May 13th. Finally, Citigroup assumed coverage on shares of Yuanbao in a research report on Monday, February 23rd. They set a “neutral” rating and a $21.80 price objective for the company. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.80.
View Our Latest Stock Report on YB
Yuanbao Trading Up 4.2%
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Royal Bank of Canada bought a new position in Yuanbao in the 1st quarter worth about $72,000. Barclays PLC increased its position 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 acquiring an additional 17,105 shares during the period. Franchise GP Ltd bought a new stake in Yuanbao during the 4th quarter valued at $1,351,000. 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 acquiring an additional 11,607 shares in the last quarter. Finally, Susquehanna International Group LLP bought a new stake in Yuanbao during the 3rd quarter valued at $59,613,000.
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.
Featured Stories
- Five stocks we like better than Yuanbao
- MarketBeat Week in Review – 05/25 – 05/29
- Shares Fall, Targets Rise—Markets and Analysts Diverge on Synopsys
- Salesforce Stock Finds Support as AI Momentum Builds
- Dollar Tree Keeps Winning After Family Dollar Divorce
Receive News & Ratings for Yuanbao Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yuanbao and related companies with MarketBeat.com's FREE daily email newsletter.
