Yuanbao Inc. – Sponsored ADR (NASDAQ:YB – Get Free Report)’s stock price was up 5.2% on Tuesday . The stock traded as high as $15.09 and last traded at $15.06. Approximately 11,243 shares changed hands during trading, a decline of 76% from the average daily volume of 46,015 shares. The stock had previously closed at $14.31.
Wall Street Analyst Weigh In
YB has been the subject of several research reports. Citigroup began coverage on shares of Yuanbao in a research note on Monday, February 23rd. They set a “neutral” rating and a $21.80 price objective for the company. Weiss Ratings cut shares of Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, May 13th. Finally, Wall Street Zen cut shares of Yuanbao from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $21.80.
View Our Latest Stock Report on YB
Yuanbao Stock Down 1.3%
Institutional Trading of Yuanbao
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada acquired a new position in shares of Yuanbao in the 1st quarter valued at $72,000. Federated Hermes Inc. acquired a new position in Yuanbao in the 2nd quarter valued at $370,000. JPMorgan Chase & Co. acquired a new position in Yuanbao in the 2nd quarter valued at $454,000. Barclays PLC grew its stake in shares of Yuanbao by 68.7% during the 4th quarter. Barclays PLC now owns 41,988 shares of the company’s stock worth $851,000 after purchasing an additional 17,105 shares during the period. Finally, Franchise GP Ltd acquired a new position in shares of Yuanbao during the 4th quarter worth $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.
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