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

Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) saw an uptick in trading volume on Thursday . 51,678 shares traded 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.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on YB. Citigroup began coverage on shares of Yuanbao in a research note on Monday, February 23rd. They issued a “neutral” rating and a $21.80 price objective on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Yuanbao in a research note on Friday, March 27th. Finally, Wall Street Zen cut shares of Yuanbao from a “buy” rating to a “hold” rating in a research note on Saturday, February 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $21.80.

Yuanbao Trading Up 1.3%

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

Institutional Investors Weigh In On Yuanbao

A number of institutional investors have recently added to or reduced their stakes in the stock. Barclays PLC grew its holdings in Yuanbao by 68.7% during the 4th quarter. Barclays PLC now owns 41,988 shares of the company’s stock valued at $851,000 after buying an additional 17,105 shares in the last quarter. Franchise GP Ltd purchased a new stake in Yuanbao during the 4th quarter valued at approximately $1,351,000. JPMorgan Chase & Co. grew its holdings in Yuanbao by 53.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock valued at $653,000 after buying an additional 11,607 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in Yuanbao during the 3rd quarter valued at approximately $59,613,000. Finally, WFM ASIA BVI Ltd grew its holdings in Yuanbao by 89.9% during the 3rd quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company’s stock valued at $3,584,000 after buying 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.