State Street Corp Has $635,000 Position in Hesai Group (NASDAQ:HSAI)

State Street Corp decreased its stake in Hesai Group (NASDAQ:HSAI - Free Report) by 24.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 135,476 shares of the company's stock after selling 43,567 shares during the quarter. State Street Corp owned 0.11% of Hesai Group worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HSAI. China Universal Asset Management Co. Ltd. raised its stake in Hesai Group by 47.5% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 29,500 shares of the company's stock valued at $138,000 after purchasing an additional 9,500 shares during the period. Renaissance Technologies LLC grew its holdings in shares of Hesai Group by 44.1% during the second quarter. Renaissance Technologies LLC now owns 49,700 shares of the company's stock valued at $208,000 after buying an additional 15,200 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its position in Hesai Group by 107.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 144,420 shares of the company's stock valued at $605,000 after buying an additional 74,888 shares during the period. Hedge funds and other institutional investors own 48.53% of the company's stock.

Hesai Group Stock Down 3.5 %

Hesai Group stock traded down $0.56 during mid-day trading on Friday, hitting $15.57. The company's stock had a trading volume of 2,815,211 shares, compared to its average volume of 3,779,255. Hesai Group has a 52-week low of $3.28 and a 52-week high of $16.35. The company has a market cap of $1.98 billion, a PE ratio of -35.39 and a beta of 1.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.08 and a quick ratio of 2.65. The firm's 50 day moving average is $8.49 and its 200 day moving average is $5.79.

About Hesai Group

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.