Waterdrop (NYSE:WDH) Trading Down 3.3% - Time to Sell?

Key Points

• Waterdrop Inc.'s stock price fell by 3.3% to $1.77, with a trading volume decline of 18% from its average session.
• Wall Street analysts downgraded Waterdrop from a "buy" to a "hold" rating recently, reflecting concerns about its future performance.
• Institutional investors have been active, with several acquiring new stakes in Waterdrop, though they currently own only 1.96% of the company's stock.

Waterdrop Inc. Unsponsored ADR (NYSE:WDH - Get Free Report) fell 3.3% during trading on Wednesday . The stock traded as low as $1.76 and last traded at $1.77. 310,969 shares were traded during mid-day trading, a decline of 18% from the average session volume of 376,971 shares. The stock had previously closed at $1.83.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Waterdrop from a "buy" rating to a "hold" rating in a report on Saturday, July 26th.

Waterdrop Price Performance

The firm has a market cap of $656.09 million, a price-to-earnings ratio of 12.07 and a beta of -0.28. The business's 50-day moving average price is $1.61 and its two-hundred day moving average price is $1.44.

Institutional Trading of Waterdrop

A number of hedge funds have recently made changes to their positions in WDH. Jane Street Group LLC acquired a new stake in shares of Waterdrop during the fourth quarter worth approximately $78,000. Baader Bank Aktiengesellschaft grew its position in shares of 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. E Fund Management Hong Kong Co. Ltd. acquired a new stake in shares of Waterdrop during the second quarter worth approximately $372,000. Invesco Ltd. bought a new position in Waterdrop during the second quarter worth $156,000. Finally, Marshall Wace LLP bought a new position in Waterdrop during the second quarter worth $25,000. Institutional investors and hedge funds own 1.96% of the company's stock.

About Waterdrop

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.