SBI Securities Co. Ltd. bought a new position in EHang Holdings Limited (NASDAQ:EH - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 27,350 shares of the company's stock, valued at approximately $431,000.
Other hedge funds have also added to or reduced their stakes in the company. 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 during the third quarter valued at approximately $118,000. Quantbot Technologies LP raised its position 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 acquiring an additional 4,101 shares during the period. Verition Fund Management LLC purchased a new position in shares of EHang during the 3rd quarter worth $508,000. Finally, Baader Bank Aktiengesellschaft grew its position in shares of EHang by 22.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock valued at $2,803,000 after acquiring an additional 33,000 shares during the period. 94.03% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, CICC Research assumed coverage on EHang in a research report on Thursday, January 2nd. They set an "outperform" rating on the stock.
Read Our Latest Report on EH
EHang Price Performance
Shares of EH stock traded down $0.22 on Friday, hitting $22.67. 1,251,214 shares of the stock traded hands, compared to its average volume of 2,259,977. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -41.98 and a beta of 0.91. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The firm has a 50 day simple moving average of $19.17 and a two-hundred day simple moving average of $16.51. EHang Holdings Limited has a 52 week low of $10.40 and a 52 week high of $29.76.
EHang 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.
Further Reading
Before you consider EHang, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EHang wasn't on the list.
While EHang currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
