Yuanbao (NASDAQ:YB) Stock Price Down 2.2% – Should You Sell?

Yuanbao Inc. – Sponsored ADR (NASDAQ:YB)’s stock price was down 2.2% during trading on Wednesday . The stock traded as low as $13.64 and last traded at $13.69. Approximately 9,664 shares traded hands during mid-day trading, a decline of 68% from the average daily volume of 29,925 shares. The stock had previously closed at $14.00.

Analyst Ratings Changes

YB has been the subject of a number of recent analyst reports. Weiss Ratings downgraded Yuanbao from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 21st. Wall Street Zen cut Yuanbao from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $21.80.

Yuanbao Price Performance

The firm has a market capitalization of $617.15 million, a price-to-earnings ratio of 3.31 and a beta of 0.43. The business’s 50 day moving average price is $14.58 and its 200-day moving average price is $16.90.

Yuanbao Announces Dividend

The business also recently disclosed an annual dividend, which was paid on Tuesday, July 28th. Investors of record on Thursday, July 2nd were paid a dividend of $1.26 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a dividend yield of 839.0%. Yuanbao’s dividend payout ratio (DPR) is presently 29.95%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ramsey Quantitative Systems acquired a new stake in shares of Yuanbao during the 2nd quarter worth about $160,000. Royal Bank of Canada purchased a new stake in Yuanbao in the 1st quarter worth approximately $72,000. Barclays PLC lifted 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 purchasing an additional 17,105 shares during the period. Franchise GP Ltd acquired a new stake in shares of Yuanbao during the fourth quarter worth $1,351,000. Finally, JPMorgan Chase & Co. increased its stake in Yuanbao by 53.7% in the third quarter. JPMorgan Chase & Co. now owns 33,226 shares of the company’s stock valued at $653,000 after purchasing an additional 11,607 shares during 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.