Yuanbao (NASDAQ:YB) Trading 5.5% Higher - Should You Buy?

Key Points

• Yuanbao Inc. (NASDAQ:YB) shares increased by 5.5% to $21.15, despite a significant drop in trading volume, down 66% from average levels.
• Analysts at Wall Street Zen have downgraded Yuanbao from a "buy" to a "hold" rating.
• Yuanbao recently reported earnings of $0.90 per share and revenue of $149.36 million for the last quarter.

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report) shares shot up 5.5% during trading on Thursday . The stock traded as high as $21.15 and last traded at $21.15. 29,943 shares traded hands during mid-day trading, a decline of 66% from the average session volume of 88,766 shares. The stock had previously closed at $20.05.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered Yuanbao from a "buy" rating to a "hold" rating in a research note on Sunday, June 15th.

Yuanbao Trading Up 7.4%

The stock's fifty day moving average price is $25.64.

Yuanbao (NASDAQ:YB - Get Free Report) last announced its earnings results on Wednesday, August 27th. The company reported $0.90 earnings per share (EPS) for the quarter. The business had revenue of $149.36 million for the quarter.

Hedge Funds Weigh In On Yuanbao

Several large investors have recently modified their holdings of YB. Federated Hermes Inc. bought a new position in Yuanbao during the second quarter worth $370,000. JPMorgan Chase & Co. purchased a new position in Yuanbao during the second quarter worth about $454,000. Finally, WFM ASIA BVI Ltd bought a new stake in Yuanbao in the second quarter worth about $2,020,000.

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.

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