Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) gapped up before the market opened on Wednesday after the company announced a dividend. The stock had previously closed at $14.57, but opened at $16.97. Yuanbao shares last traded at $16.5310, with a volume of 51,746 shares changing hands.
The newly announced 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 is Thursday, July 2nd. This represents a yield of 766.0%.
Analysts Set New Price Targets
Several analysts recently weighed in on YB shares. Citigroup started coverage on shares of Yuanbao in a report on Monday, February 23rd. They issued a “neutral” rating and a $21.80 price target on the stock. Weiss Ratings cut shares of Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Yuanbao has an average rating of “Hold” and a consensus target price of $21.80.
Yuanbao Stock Down 4.2%
The firm has a market cap of $727.14 million, a P/E ratio of 3.90 and a beta of 0.46. The firm’s fifty day moving average is $16.09 and its two-hundred day moving average is $18.55.
Institutional Trading of Yuanbao
A number of hedge funds have recently modified their holdings of YB. Royal Bank of Canada bought a new stake in shares of Yuanbao during the 1st quarter valued at $72,000. Federated Hermes Inc. bought a new stake in shares of Yuanbao during the 2nd quarter valued at $370,000. JPMorgan Chase & Co. bought a new stake in shares of Yuanbao during the 2nd quarter valued at $454,000. Barclays PLC boosted its holdings in shares of 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 buying an additional 17,105 shares in the last quarter. Finally, Franchise GP Ltd bought a new stake in shares of Yuanbao during the 4th quarter valued at $1,351,000.
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.
Featured Articles
- Five stocks we like better than Yuanbao
- Microsoft Just Gave Investors 3 Dates They Can’t Afford to Ignore
- NVIDIA’s Outlook Gains Momentum: Stock Price to Follow
- The World Cup Is Coming—These 3 Stocks Could Cash In
- Spotify’s “North Star” Outlook Was Music to Investors Ears
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.
