Yuanbao (NASDAQ:YB) Releases Quarterly Earnings Results

Yuanbao (NASDAQ:YB) issued its quarterly earnings results on Friday. The company reported $1.26 earnings per share (EPS) for the quarter, FiscalAI reports. Yuanbao had a net margin of 29.91% and a return on equity of 45.60%. The company had revenue of $204.92 million during the quarter.

Yuanbao Trading Up 2.0%

NASDAQ YB opened at $13.91 on Friday. Yuanbao has a 12 month low of $12.01 and a 12 month high of $25.98. The stock’s fifty day moving average price is $13.80 and its 200-day moving average price is $15.72. The stock has a market cap of $627.06 million, a P/E ratio of 3.09 and a beta of 0.44.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, August 5th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Yuanbao currently has an average rating of “Hold” and an average target price of $21.80.

Institutional Trading of Yuanbao

Several institutional investors have recently bought and sold shares of the company. Susquehanna International Group LLP bought a new position in shares of Yuanbao in the third quarter worth approximately $59,613,000. JPMorgan Chase & Co. bought a new stake in shares of Yuanbao during the second quarter valued at approximately $454,000. Federated Hermes Inc. bought a new stake in shares of Yuanbao during the second quarter valued at approximately $370,000. Barclays PLC raised its holdings 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 acquiring an additional 17,105 shares during the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in Yuanbao in the 2nd quarter worth approximately $160,000.

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.