Yuanbao (NASDAQ:YB – Get Free Report) released its quarterly earnings data on Friday. The company reported $1.26 EPS for the quarter, FiscalAI reports. The firm had revenue of $204.92 million during the quarter. Yuanbao had a net margin of 29.91% and a return on equity of 45.60%.
Yuanbao Trading Up 2.0%
NASDAQ YB opened at $13.91 on Friday. The company has a market cap of $627.06 million, a price-to-earnings ratio of 3.09 and a beta of 0.44. Yuanbao has a 1-year low of $12.01 and a 1-year high of $25.98. The company has a 50 day moving average of $13.80 and a 200-day moving average of $15.72.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of YB. Susquehanna International Group LLP bought a new position in Yuanbao in the 3rd quarter valued at about $59,613,000. JPMorgan Chase & Co. acquired a new stake in shares of Yuanbao during the 2nd quarter worth approximately $454,000. Federated Hermes Inc. acquired a new position in Yuanbao during the second quarter valued at approximately $370,000. Barclays PLC lifted its stake in Yuanbao by 68.7% during 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 during the last quarter. Finally, Ramsey Quantitative Systems bought a new position in shares of Yuanbao in the 2nd quarter valued at $160,000.
Analyst Upgrades and Downgrades
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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