Baader Bank Aktiengesellschaft Boosts Stock Position in EHang Holdings Limited (NASDAQ:EH)

Baader Bank Aktiengesellschaft increased its holdings in shares of EHang Holdings Limited (NASDAQ:EH - Free Report) by 22.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 178,000 shares of the company's stock after purchasing an additional 33,000 shares during the quarter. Baader Bank Aktiengesellschaft owned approximately 0.28% of EHang worth $2,803,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. State Street Corp grew its position in shares of EHang by 1.2% during the third quarter. State Street Corp now owns 1,299,186 shares of the company's stock worth $18,370,000 after purchasing an additional 15,781 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in EHang during the 3rd quarter valued at approximately $104,000. Point72 Hong Kong Ltd purchased a new position in EHang during the 3rd quarter valued at approximately $118,000. Verition Fund Management LLC purchased a new position in EHang during the 3rd quarter valued at approximately $508,000. Finally, Quantbot Technologies LP grew its holdings in EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company's stock valued at $132,000 after buying an additional 4,101 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.

Analyst Ratings Changes

Separately, CICC Research initiated coverage on EHang in a research note on Thursday, January 2nd. They issued an "outperform" rating for the company.

EHang Stock Up 4.2 %

Shares of NASDAQ:EH traded up $0.70 on Thursday, reaching $17.43. The company had a trading volume of 1,218,649 shares, compared to its average volume of 1,537,730. EHang Holdings Limited has a 52-week low of $9.51 and a 52-week high of $22.98. The firm's 50 day simple moving average is $15.27 and its 200-day simple moving average is $14.72. The firm has a market capitalization of $1.11 billion, a PE ratio of -32.27 and a beta of 0.94. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01.

About EHang

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.