Yuanbao (NASDAQ:YB) Trading Down 7.7% - Should You Sell?

Key Points

• Yuanbao Inc. shares fell 7.7% to $20.00, significantly lower than its previous close of $21.67, with a trading volume down by 11% from average levels.
• The company received a downgrade from Wall Street Zen, changing its rating from "buy" to "hold" as of June 15th.
• In the second quarter, multiple institutional investors made new purchases of Yuanbao, with notable investments from Federated Hermes, JPMorgan, and WFM ASIA BVI Ltd totaling over $2.8 million.

Yuanbao Inc. - Sponsored ADR (NASDAQ:YB - Get Free Report) shares fell 7.7% during mid-day trading on Wednesday . The company traded as low as $20.00 and last traded at $20.00. 79,815 shares were traded during trading, a decline of 11% from the average session volume of 89,341 shares. The stock had previously closed at $21.67.

Analyst Upgrades and Downgrades

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

Yuanbao Price Performance

The firm's fifty day simple moving average is $25.74.

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

Institutional Investors Weigh In On Yuanbao

Hedge funds and other institutional investors have recently modified their holdings of the stock. Federated Hermes Inc. purchased a new position in Yuanbao during the second quarter valued at $370,000. JPMorgan Chase & Co. purchased a new position in shares of Yuanbao during the 2nd quarter valued at about $454,000. Finally, WFM ASIA BVI Ltd bought a new position in shares of Yuanbao during the 2nd quarter valued at approximately $2,020,000.

Yuanbao Company Profile

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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