Headlands Technologies LLC raised its position in EHang Holdings Limited (NASDAQ:EH - Free Report) by 2,080.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,977 shares of the company's stock after purchasing an additional 55,318 shares during the period. Headlands Technologies LLC owned 0.09% of EHang worth $913,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. purchased a new stake in EHang during the 4th quarter valued at $79,000. Point72 Asset Management L.P. bought a new position in shares of EHang in the 3rd quarter worth approximately $104,000. Point72 Hong Kong Ltd purchased a new stake in EHang in the third quarter worth $118,000. Quantbot Technologies LP raised its holdings in EHang by 78.2% in the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company's stock worth $132,000 after purchasing an additional 4,101 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of EHang in the 4th quarter worth approximately $431,000. Hedge funds and other institutional investors own 94.03% of the company's stock.
EHang Price Performance
EH stock traded down $0.69 during mid-day trading on Monday, hitting $16.04. The company had a trading volume of 1,639,551 shares, compared to its average volume of 1,659,065. The company has a market capitalization of $1.02 billion, a price-to-earnings ratio of -29.49 and a beta of 0.99. The company has a 50-day moving average price of $21.78 and a 200 day moving average price of $17.80. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. EHang Holdings Limited has a 12-month low of $10.40 and a 12-month high of $29.76.
Analyst Ratings Changes
A number of equities research analysts have recently commented on EH shares. CICC Research began coverage on shares of EHang in a report on Thursday, January 2nd. They set an "outperform" rating on the stock. Daiwa Capital Markets began coverage on shares of EHang in a report on Wednesday, April 2nd. They set a "buy" rating and a $30.00 target price for the company. Finally, Daiwa America upgraded shares of EHang to a "strong-buy" rating in a research note on Tuesday, April 1st. Five research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $26.50.
Read Our Latest Stock Analysis on EHang
About EHang
(
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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