Waterdrop (NYSE:WDH) Shares Down 3.4% - Should You Sell?

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report)'s share price traded down 3.4% on Tuesday . The stock traded as low as $1.39 and last traded at $1.40. 127,253 shares were traded during mid-day trading, a decline of 41% from the average session volume of 216,618 shares. The stock had previously closed at $1.45.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Waterdrop from a "buy" rating to a "hold" rating in a report on Saturday, June 14th.

Waterdrop Trading Down 4.9%

The stock has a fifty day simple moving average of $1.36 and a 200-day simple moving average of $1.29. The stock has a market cap of $499.86 million, a price-to-earnings ratio of 9.19 and a beta of -0.29.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of WDH. Jane Street Group LLC acquired a new stake in shares of 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 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock valued at $2,475,000 after buying an additional 369,325 shares during the period. Finally, IDG China Capital Fund III Associates L.P. bought a new stake in shares of Waterdrop during the fourth quarter worth $6,760,000. 1.96% of the stock is owned by institutional investors and hedge funds.

Waterdrop Company Profile

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.