Yuanbao (NASDAQ:YB) Lowered to "Hold" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Yuanbao from a “buy” to a “hold” rating, and the stock now has a consensus Hold rating with a consensus price target of $21.80.
• Yuanbao shares were down 1.3% to $15.64, leaving the stock well below its 52-week high of $31.00 and below both its 50-day and 200-day moving averages.
• The company continues to attract institutional interest, with several investors increasing or initiating positions, while Yuanbao says it is a leading technology-driven online insurance distributor in China.

Yuanbao (NASDAQ:YB - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday.

A number of other equities research analysts have also weighed in on the company. Citigroup assumed coverage on Yuanbao in a report on Monday, February 23rd. They issued a "neutral" rating and a $21.80 price objective on the stock. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Yuanbao in a report on Friday, March 27th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Yuanbao currently has a consensus rating of "Hold" and a consensus price target of $21.80.

Yuanbao Trading Down 1.3%

Shares of YB opened at $15.64 on Friday. Yuanbao has a twelve month low of $14.04 and a twelve month high of $31.00. The stock's 50 day moving average is $18.25 and its two-hundred day moving average is $19.88. The firm has a market capitalization of $705.05 million and a PE ratio of 4.04.

Institutional Investors Weigh In On Yuanbao

Institutional investors have recently modified their holdings of the company. Franchise GP Ltd purchased a new stake in shares of Yuanbao during the 4th quarter worth approximately $1,351,000. WFM ASIA BVI Ltd boosted its stake in shares of Yuanbao by 89.9% during the 3rd quarter. WFM ASIA BVI Ltd now owns 182,500 shares of the company's stock worth $3,584,000 after acquiring an additional 86,414 shares in the last quarter. Barclays PLC boosted its stake in shares of Yuanbao by 68.7% during the 4th quarter. Barclays PLC now owns 41,988 shares of the company's stock worth $851,000 after acquiring an additional 17,105 shares in the last quarter. Susquehanna International Group LLP purchased a new stake in shares of Yuanbao during the 3rd quarter worth approximately $59,613,000. Finally, JPMorgan Chase & Co. boosted its stake in shares of Yuanbao by 53.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company's stock worth $653,000 after acquiring an additional 11,607 shares in the last quarter.

About Yuanbao

Our mission is to protect health and well-being through technology. We are a leading technology-driven online insurance distributor in China. We take pride in pioneering the seamless integration of insurance with cutting-edge technologies, and have constructed a highly efficient full consumer service cycle engine. Through this engine, we successfully distribute suitable and high-quality insurance products to over ten million insurance consumers. According to Frost & Sullivan, we were the largest independent insurance distributor in China's personal life and accident & health (A&H) insurance market in terms of first year premiums in 2023.

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