Yuanbao (NASDAQ:YB) Trading Down 5.8% – Should You Sell?

Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) dropped 5.8% during trading on Thursday . The company traded as low as $21.18 and last traded at $21.42. Approximately 157,023 shares were traded during trading, an increase of 99% from the average daily volume of 78,715 shares. The stock had previously closed at $22.73.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Yuanbao in a research report on Monday. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Yuanbao Price Performance

The firm has a market cap of $947.58 million and a PE ratio of 11.74. The business’s fifty day moving average price is $21.32.

Hedge Funds Weigh In On Yuanbao

A number of hedge funds have recently made changes to their positions in the stock. Susquehanna International Group LLP acquired a new stake in shares of Yuanbao during the 3rd quarter worth $59,613,000. WFM ASIA BVI Ltd grew its position in Yuanbao by 89.9% during the third quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock valued at $3,584,000 after acquiring an additional 86,414 shares during the period. JPMorgan Chase & Co. increased its stake in Yuanbao by 53.7% during the third quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock worth $653,000 after acquiring an additional 11,607 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new stake in shares of Yuanbao during the 2nd quarter worth about $370,000.

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.