Wall Street Zen downgraded shares of Waterdrop (NYSE:WDH - Free Report) from a buy rating to a hold rating in a research note released on Saturday.
Waterdrop Price Performance
NYSE WDH traded down $0.06 during trading hours on Friday, reaching $1.33. 219,171 shares of the company's stock traded hands, compared to its average volume of 223,265. The firm has a market cap of $480.28 million, a PE ratio of 11.04 and a beta of -0.29. Waterdrop has a 52-week low of $0.97 and a 52-week high of $1.57. The firm has a 50-day simple moving average of $1.35 and a 200 day simple moving average of $1.28.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of WDH. Jane Street Group LLC purchased a new position in Waterdrop in the fourth quarter worth about $78,000. Baader Bank Aktiengesellschaft raised its holdings in Waterdrop by 28.6% in the first quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock worth $2,475,000 after buying an additional 369,325 shares during the last quarter. Finally, IDG China Capital Fund III Associates L.P. purchased a new position in Waterdrop in the fourth quarter worth about $6,760,000. 1.96% of the stock is owned by hedge funds and other institutional investors.
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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