Waterdrop (NYSE:WDH - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued to investors on Friday.
Waterdrop Stock Down 1.3%
NYSE WDH traded down $0.02 on Friday, reaching $1.48. 163,659 shares of the stock traded hands, compared to its average volume of 234,641. The firm's fifty day simple moving average is $1.33 and its 200 day simple moving average is $1.26. The company has a market cap of $536.47 million, a price-to-earnings ratio of 12.33 and a beta of -0.36. Waterdrop has a 12 month low of $0.97 and a 12 month high of $1.57.
Institutional Trading of Waterdrop
Several institutional investors have recently bought and sold shares of the stock. IDG China Capital Fund III Associates L.P. bought a new stake in shares of Waterdrop during the fourth quarter worth $6,760,000. Baader Bank Aktiengesellschaft raised 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 worth $2,475,000 after acquiring an additional 369,325 shares in the last quarter. Jane Street Group LLC bought a new stake in Waterdrop in the fourth quarter valued at approximately $78,000. Finally, Catalina Capital Group LLC bought a new position in shares of Waterdrop during the fourth quarter worth approximately $27,000. Institutional investors and hedge funds own 1.96% of the company's stock.
About Waterdrop
(
Get Free Report)
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.
Further Reading
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