Verition Fund Management LLC purchased a new stake in EHang Holdings Limited (NASDAQ:EH - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 35,893 shares of the company's stock, valued at approximately $508,000. Verition Fund Management LLC owned 0.06% of EHang at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Comerica Bank raised its stake in shares of EHang by 685.1% in the first quarter. Comerica Bank now owns 1,264 shares of the company's stock worth $26,000 after purchasing an additional 1,103 shares during the last quarter. Quantbot Technologies LP grew its holdings in EHang by 78.2% during the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company's stock worth $132,000 after buying an additional 4,101 shares in the last quarter. XTX Topco Ltd purchased a new stake in EHang in the 2nd quarter valued at $383,000. Hennion & Walsh Asset Management Inc. lifted its stake in EHang by 13.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 37,519 shares of the company's stock valued at $510,000 after acquiring an additional 4,353 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its holdings in EHang by 70.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company's stock worth $949,000 after acquiring an additional 27,805 shares during the last quarter. Institutional investors own 94.03% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms have weighed in on EH. China Renaissance initiated coverage on EHang in a research report on Tuesday, September 24th. They issued a "buy" rating on the stock. UBS Group assumed coverage on shares of EHang in a report on Wednesday, August 28th. They issued a "buy" rating and a $22.00 price target on the stock.
Read Our Latest Analysis on EH
EHang Price Performance
Shares of EH traded down $0.16 during trading hours on Thursday, reaching $15.16. 672,745 shares of the company's stock traded hands, compared to its average volume of 1,374,339. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The firm's 50 day simple moving average is $16.36 and its 200-day simple moving average is $14.62. The stock has a market cap of $962.75 million, a PE ratio of -28.37 and a beta of 0.94. EHang Holdings Limited has a 12 month low of $9.51 and a 12 month high of $22.98.
EHang Company Profile
(
Free Report)
EHang Holdings Limited operates as an autonomous aerial vehicle (AAV) technology platform company in the People's Republic of China, East Asia, West Asia, Europe, and internationally. It designs, develops, manufactures, sells, and operates AAVs, as well as their supporting systems and infrastructure for various industries and applications, including passenger transportation, logistics, smart city management, and aerial media solutions.
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