Waterdrop (NYSE:WDH - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.
Waterdrop Stock Up 3.3%
NYSE:WDH opened at $2.05 on Friday. The stock has a market cap of $741.27 million, a P/E ratio of 13.63 and a beta of -0.30. The business's 50-day moving average price is $1.46 and its two-hundred day moving average price is $1.35. Waterdrop has a twelve month low of $0.97 and a twelve month high of $2.17.
Institutional Trading of Waterdrop
Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in Waterdrop in the fourth quarter valued at approximately $78,000. Baader Bank Aktiengesellschaft increased its stake 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 worth $2,475,000 after buying an additional 369,325 shares during the period. Finally, E Fund Management Hong Kong Co. Ltd. bought a new stake in Waterdrop during the 2nd quarter valued at $372,000. 1.96% of the stock is currently 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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