E Fund Management Hong Kong Co. Ltd. Makes New Investment in Waterdrop Inc. Unsponsored ADR $WDH

Key Points

• E Fund Management Hong Kong Co. Ltd. has acquired a new position in Waterdrop Inc., purchasing 275,323 shares valued at approximately $372,000, making it the fund's 28th largest investment.
• Recent analysts' reports have downgraded Waterdrop's stock rating from "buy" to "hold" or "neutral," with Goldman Sachs setting a target price of $2.00.
• Waterdrop will pay a quarterly dividend of $0.03 per share on November 7th, representing an annualized yield of 6.3%.

E Fund Management Hong Kong Co. Ltd. acquired a new position in shares of Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 275,323 shares of the company's stock, valued at approximately $372,000. Waterdrop makes up approximately 0.4% of E Fund Management Hong Kong Co. Ltd.'s investment portfolio, making the stock its 28th largest position. E Fund Management Hong Kong Co. Ltd. owned about 0.08% of Waterdrop as of its most recent filing with the Securities and Exchange Commission.

Separately, Baader Bank Aktiengesellschaft grew its holdings in shares of Waterdrop by 28.6% in the first quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock valued at $2,475,000 after acquiring an additional 369,325 shares in the last quarter. 1.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Waterdrop in a report on Wednesday. Wall Street Zen downgraded Waterdrop from a "buy" rating to a "hold" rating in a research report on Friday, October 3rd. Finally, The Goldman Sachs Group downgraded Waterdrop from a "buy" rating to a "neutral" rating and set a $2.00 target price on the stock. in a research report on Monday, September 29th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, Waterdrop has an average rating of "Hold" and an average target price of $2.00.

Waterdrop Stock Down 0.5%

WDH opened at $1.92 on Thursday. The stock has a market cap of $695.96 million, a PE ratio of 11.29 and a beta of -0.25. Waterdrop Inc. Unsponsored ADR has a 52 week low of $0.97 and a 52 week high of $2.18. The business's fifty day simple moving average is $1.83 and its 200 day simple moving average is $1.55.

Waterdrop Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 10th will be paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, October 10th. Waterdrop's dividend payout ratio (DPR) is 17.65%.

Waterdrop Company Profile

Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.

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