Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) shares saw strong trading volume on Monday . 235,557 shares changed hands during mid-day trading, an increase of 10% from the previous session's volume of 214,783 shares.The stock last traded at $1.45 and had previously closed at $1.39.
Analysts Set New Price Targets
Separately, Wall Street Zen cut shares of Waterdrop from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th.
Check Out Our Latest Stock Analysis on WDH
Waterdrop Price Performance
The firm has a market cap of $520.16 million, a price-to-earnings ratio of 9.59 and a beta of -0.29. The business has a fifty day simple moving average of $1.35 and a 200 day simple moving average of $1.29.
Institutional Investors Weigh In On Waterdrop
Hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in shares of Waterdrop during the 4th quarter worth approximately $78,000. Baader Bank Aktiengesellschaft lifted its position 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 buying an additional 369,325 shares in the last quarter. Finally, IDG China Capital Fund III Associates L.P. acquired a new position in Waterdrop during the fourth quarter worth $6,760,000. 1.96% of the stock is currently owned by institutional investors and hedge funds.
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.
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