Yuanbao (NASDAQ:YB) Shares Gap Down – Time to Sell?

Shares of Yuanbao Inc. – Sponsored ADR (NASDAQ:YB) gapped down before the market opened on Thursday . The stock had previously closed at $16.38, but opened at $15.28. Yuanbao shares last traded at $15.7450, with a volume of 13,365 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on YB. Weiss Ratings downgraded Yuanbao from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday. Wall Street Zen cut Yuanbao from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $21.80.

Yuanbao Price Performance

The firm’s 50 day moving average price is $15.04 and its 200-day moving average price is $17.93. The firm has a market cap of $677.10 million, a price-to-earnings ratio of 3.63 and a beta of 0.39.

Yuanbao Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a yield of 839.0%. Yuanbao’s dividend payout ratio is 30.43%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in YB. JPMorgan Chase & Co. acquired a new position in shares of Yuanbao during the second quarter valued at about $454,000. Federated Hermes Inc. acquired a new stake in Yuanbao during the second quarter worth about $370,000. Susquehanna International Group LLP acquired a new stake in Yuanbao during the third quarter worth about $59,613,000. Franchise GP Ltd bought a new position in Yuanbao during the fourth quarter valued at about $1,351,000. Finally, Barclays PLC increased its stake in Yuanbao by 68.7% during the fourth quarter. Barclays PLC now owns 41,988 shares of the company’s stock valued at $851,000 after acquiring an additional 17,105 shares during the period.

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.