Robert Bosch GmbH purchased a new stake in Hesai Group (NASDAQ:HSAI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 7,653,252 shares of the company's stock, valued at approximately $105,768,000. Hesai Group accounts for about 29.7% of Robert Bosch GmbH's holdings, making the stock its 2nd biggest holding. Robert Bosch GmbH owned 6.02% of Hesai Group as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of HSAI. Jane Street Group LLC increased its position in Hesai Group by 11.9% in the 3rd quarter. Jane Street Group LLC now owns 48,943 shares of the company's stock valued at $230,000 after buying an additional 5,186 shares in the last quarter. Renaissance Technologies LLC bought a new position in Hesai Group in the fourth quarter worth approximately $138,000. Hsbc Holdings PLC acquired a new stake in Hesai Group in the fourth quarter valued at approximately $159,000. Landscape Capital Management L.L.C. bought a new stake in shares of Hesai Group during the fourth quarter valued at approximately $168,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Hesai Group during the fourth quarter worth approximately $177,000. 48.53% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts recently issued reports on the stock. The Goldman Sachs Group raised shares of Hesai Group from a "neutral" rating to a "buy" rating and lifted their price target for the company from $5.50 to $18.40 in a research report on Tuesday, January 14th. Morgan Stanley lowered shares of Hesai Group from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $5.80 to $15.00 in a research note on Monday, January 13th. Daiwa Capital Markets initiated coverage on shares of Hesai Group in a research report on Tuesday, March 11th. They set a "buy" rating and a $35.00 target price for the company. Finally, Daiwa America raised shares of Hesai Group to a "strong-buy" rating in a research report on Tuesday, March 11th.
View Our Latest Report on Hesai Group
Hesai Group Stock Up 1.8 %
NASDAQ HSAI traded up $0.27 on Friday, reaching $15.30. The company had a trading volume of 2,167,044 shares, compared to its average volume of 2,293,598. The company has a quick ratio of 2.65, a current ratio of 3.08 and a debt-to-equity ratio of 0.08. The company's fifty day moving average is $16.49 and its 200 day moving average is $12.41. Hesai Group has a 52-week low of $3.52 and a 52-week high of $24.18. The stock has a market capitalization of $2.01 billion, a P/E ratio of -34.77, a P/E/G ratio of 1.44 and a beta of 1.35.
Hesai Group Company Profile
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Free Report)
Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.
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