Vanguard Group Inc. Increases Position in EHang Holdings Limited (NASDAQ:EH)

Vanguard Group Inc. lifted its stake in EHang Holdings Limited (NASDAQ:EH - Free Report) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,651,515 shares of the company's stock after buying an additional 56,652 shares during the quarter. Vanguard Group Inc. owned about 2.60% of EHang worth $26,003,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. SBI Securities Co. Ltd. purchased a new stake in EHang in the 4th quarter worth approximately $431,000. Baader Bank Aktiengesellschaft boosted its position in shares of EHang by 22.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock worth $2,803,000 after purchasing an additional 33,000 shares during the period. Finally, State Street Corp increased its stake in shares of EHang by 1.2% in 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. 94.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on EH. Deutsche Bank Aktiengesellschaft raised shares of EHang from a "hold" rating to a "buy" rating and dropped their target price for the stock from $22.00 to $20.00 in a report on Monday, April 14th. Daiwa America raised EHang to a "strong-buy" rating in a research note on Tuesday, April 1st. CICC Research initiated coverage on EHang in a research note on Thursday, January 2nd. They set an "outperform" rating on the stock. Finally, Daiwa Capital Markets started coverage on shares of EHang in a report on Wednesday, April 2nd. They issued a "buy" rating and a $30.00 price target on the stock. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $24.88.

EHang Trading Up 1.5 %

EH traded up $0.22 on Friday, hitting $14.83. The company had a trading volume of 1,074,282 shares, compared to its average volume of 1,664,661. EHang Holdings Limited has a 12-month low of $10.40 and a 12-month high of $29.76. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. The business's fifty day simple moving average is $21.15 and its 200 day simple moving average is $17.90. The company has a market cap of $941.79 million, a PE ratio of -27.46 and a beta of 0.99.

EHang Company Profile

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.