Yuanbao (NASDAQ:YB) Shares Gap Down – Here’s Why

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $14.51, but opened at $13.91. Yuanbao shares last traded at $14.3120, with a volume of 7,778 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, June 30th. Wall Street Zen downgraded shares of Yuanbao from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.80.

Yuanbao Stock Down 0.6%

The company has a market cap of $650.05 million, a P/E ratio of 3.48 and a beta of 0.39. The stock has a 50 day moving average price of $14.85 and a two-hundred day moving average price of $17.74.

Yuanbao Announces Dividend

The company also recently disclosed an annual dividend, which will be paid on Tuesday, July 28th. Shareholders of record on Thursday, July 2nd will be issued a $1.26 dividend. This represents a yield of 839.0%. The ex-dividend date of this dividend is Thursday, July 2nd. Yuanbao’s dividend payout ratio is currently 30.43%.

Institutional Investors Weigh In On Yuanbao

A number of hedge funds and other institutional investors have recently modified their holdings of YB. Susquehanna International Group LLP bought a new stake in shares of Yuanbao in the third quarter valued at about $59,613,000. Franchise GP Ltd bought a new position in Yuanbao during the fourth quarter worth about $1,351,000. JPMorgan Chase & Co. acquired a new stake in Yuanbao in the 2nd quarter worth about $454,000. Federated Hermes Inc. acquired a new stake in Yuanbao in the 2nd quarter worth about $370,000. Finally, Barclays PLC raised its stake in Yuanbao by 68.7% in 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 in the last quarter.

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.