SteelPeak Wealth LLC lowered its holdings in shares of EHang Holdings Limited (NASDAQ:EH - Free Report) by 67.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,543 shares of the company's stock after selling 45,567 shares during the period. SteelPeak Wealth LLC's holdings in EHang were worth $339,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in EH. Quantbot Technologies LP raised its stake in shares of EHang by 78.2% in the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company's stock worth $132,000 after buying an additional 4,101 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of EHang in the 3rd quarter worth $508,000. Point72 Hong Kong Ltd acquired a new position in shares of EHang in the 3rd quarter worth $118,000. Point72 Asset Management L.P. acquired a new position in shares of EHang in the 3rd quarter worth $104,000. Finally, State Street Corp grew its holdings in shares of EHang by 1.2% in the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company's stock worth $18,370,000 after acquiring an additional 15,781 shares during the last quarter. Institutional investors own 94.03% of the company's stock.
EHang Stock Down 1.8 %
Shares of EH stock traded down $0.30 on Monday, reaching $16.69. 1,212,644 shares of the company's stock traded hands, compared to its average volume of 1,563,358. EHang Holdings Limited has a 12-month low of $9.51 and a 12-month high of $22.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. The company has a market capitalization of $1.06 billion, a P/E ratio of -30.91 and a beta of 0.94. The business's 50 day moving average price is $15.41 and its two-hundred day moving average price is $14.74.
Analyst Upgrades and Downgrades
Separately, CICC Research initiated coverage on EHang in a report on Thursday, January 2nd. They issued an "outperform" rating on the stock.
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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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