Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report) were up 5.8% on Tuesday . The company traded as high as $14.25 and last traded at $14.2530. Approximately 1,613 shares traded hands during trading, a decline of 96% from the average daily volume of 43,827 shares. The stock had previously closed at $13.47.
Analysts Set New Price Targets
Several analysts recently issued reports on YB shares. Weiss Ratings upgraded Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Wall Street Zen lowered shares of Yuanbao from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Yuanbao currently has an average rating of “Hold” and an average target price of $21.80.
Read Our Latest Research Report on Yuanbao
Yuanbao Trading Down 0.8%
Yuanbao Dividend Announcement
The business also recently disclosed an annual dividend, which was paid on Tuesday, July 28th. Stockholders of record on Thursday, July 2nd were paid a $1.26 dividend. The ex-dividend date was Thursday, July 2nd. This represents a dividend yield of 839.0%. Yuanbao’s dividend payout ratio (DPR) is presently 29.95%.
Hedge Funds Weigh In On Yuanbao
Several large investors have recently bought and sold shares of YB. Royal Bank of Canada bought a new stake in Yuanbao in the 1st quarter valued at $72,000. Ramsey Quantitative Systems acquired a new stake in Yuanbao in the 2nd quarter worth $160,000. Federated Hermes Inc. bought a new position in shares of Yuanbao during the 2nd quarter worth about $370,000. JPMorgan Chase & Co. acquired a new position in shares of Yuanbao during the second quarter valued at about $454,000. Finally, Barclays PLC raised its position in shares of Yuanbao by 68.7% during the fourth 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 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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