Yuanbao (NASDAQ:YB) Sees Large Volume Increase – Should You Buy?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw unusually-strong trading volume on Thursday . Approximately 51,678 shares changed hands during mid-day trading, an increase of 0% from the previous session’s volume of 51,593 shares.The stock last traded at $19.0030 and had previously closed at $18.82.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on YB shares. Wall Street Zen lowered shares of Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Citigroup started coverage on Yuanbao in a research report on Monday, February 23rd. They issued a “neutral” rating and a $21.80 price target for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Yuanbao in a research report on Friday, March 27th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $21.80.

Yuanbao Trading Up 1.3%

The company has a market cap of $859.68 million and a PE ratio of 4.93. The company’s 50 day moving average is $19.26 and its 200 day moving average is $20.34.

Institutional Trading of Yuanbao

Several institutional investors and hedge funds have recently made changes to their positions in YB. Federated Hermes Inc. bought a new stake in shares of Yuanbao in the second quarter valued at about $370,000. JPMorgan Chase & Co. bought a new stake in shares of Yuanbao in the second quarter valued at about $454,000. Barclays PLC raised its holdings in Yuanbao by 68.7% in the fourth quarter. Barclays PLC now owns 41,988 shares of the company’s stock worth $851,000 after purchasing an additional 17,105 shares in the last quarter. Franchise GP Ltd bought a new position in Yuanbao in the fourth quarter worth about $1,351,000. Finally, WFM ASIA BVI Ltd raised its holdings in Yuanbao by 89.9% in the third quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock worth $3,584,000 after purchasing an additional 86,414 shares in 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.