Wall Street Zen upgraded shares of Waterdrop (NYSE:WDH - Free Report) from a hold rating to a buy rating in a research report report published on Friday morning.
Waterdrop Stock Performance
Shares of NYSE:WDH traded up $0.02 during trading on Friday, hitting $1.35. The company's stock had a trading volume of 191,432 shares, compared to its average volume of 210,636. Waterdrop has a fifty-two week low of $0.97 and a fifty-two week high of $2.20. The stock's 50-day moving average price is $1.37 and its two-hundred day moving average price is $1.30. The company has a market capitalization of $487.54 million, a PE ratio of 8.87 and a beta of -0.29.
Hedge Funds Weigh In On Waterdrop
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WDH. IDG China Capital Fund III Associates L.P. acquired a new stake in shares of Waterdrop during the 4th quarter valued at $6,760,000. Baader Bank Aktiengesellschaft lifted its position in shares of Waterdrop by 28.6% during the 1st quarter. Baader Bank Aktiengesellschaft now owns 1,660,910 shares of the company's stock valued at $2,475,000 after acquiring an additional 369,325 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of Waterdrop during the 4th quarter valued at $78,000. 1.96% of the stock is owned by 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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