Wall Street Zen downgraded shares of Waterdrop (NYSE:WDH - Free Report) from a buy rating to a hold rating in a report released on Saturday.
Waterdrop Stock Down 0.4%
NYSE:WDH traded down $0.01 during mid-day trading on Friday, hitting $1.31. 203,448 shares of the company traded hands, compared to its average volume of 219,726. The stock's fifty day moving average price is $1.35 and its 200-day moving average price is $1.28. Waterdrop has a one year low of $0.97 and a one year high of $1.57. The firm has a market cap of $473.04 million, a price-to-earnings ratio of 8.70 and a beta of -0.29.
Institutional Trading of Waterdrop
Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC bought a new stake in Waterdrop during the fourth quarter valued at about $78,000. IDG China Capital Fund III Associates L.P. bought a new stake in Waterdrop during the fourth quarter valued at about $6,760,000. Finally, Baader Bank Aktiengesellschaft grew its holdings in Waterdrop by 28.6% during the first quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock valued at $2,475,000 after purchasing an additional 369,325 shares during the period. Institutional investors own 1.96% of the company's stock.
Waterdrop Company Profile
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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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