Yuanbao (NASDAQ:YB) Posts Earnings Results

Yuanbao (NASDAQ:YB) issued its earnings results on Thursday. The company reported $1.26 EPS for the quarter, FiscalAI reports. Yuanbao had a net margin of 29.67% and a return on equity of 44.37%. The company had revenue of $204.92 million for the quarter.

Yuanbao Stock Performance

NASDAQ:YB opened at $13.44 on Thursday. The company has a market cap of $605.88 million, a price-to-earnings ratio of 3.25 and a beta of 0.44. Yuanbao has a fifty-two week low of $12.01 and a fifty-two week high of $25.99. The stock has a fifty day moving average price of $13.85 and a 200-day moving average price of $15.78.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded Yuanbao from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Yuanbao currently has a consensus rating of “Hold” and a consensus target price of $21.80.

Institutional Trading of Yuanbao

Several large investors have recently made changes to their positions in YB. JPMorgan Chase & Co. bought a new position in shares of Yuanbao in the second quarter worth about $454,000. Federated Hermes Inc. bought a new position in Yuanbao during the 2nd quarter worth $370,000. Susquehanna International Group LLP bought a new stake in Yuanbao in the third quarter valued at approximately $59,613,000. Barclays PLC increased its position in Yuanbao by 68.7% during the 4th quarter. Barclays PLC now owns 41,988 shares of the company’s stock valued at $851,000 after purchasing an additional 17,105 shares during the period. Finally, Royal Bank of Canada acquired a new position in shares of Yuanbao in the 1st quarter valued at about $72,000.

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. 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.