EHang Holdings Limited (NASDAQ:EH) Shares Acquired by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC boosted its position in shares of EHang Holdings Limited (NASDAQ:EH - Free Report) by 151.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 110,855 shares of the company's stock after acquiring an additional 66,724 shares during the quarter. Cubist Systematic Strategies LLC owned 0.17% of EHang worth $1,745,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new stake in EHang in the fourth quarter worth about $428,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of EHang during the fourth quarter worth about $369,000. Electron Capital Partners LLC purchased a new stake in shares of EHang during the fourth quarter worth about $423,000. Tower Research Capital LLC TRC grew its position in shares of EHang by 247.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock worth $33,000 after purchasing an additional 1,472 shares in the last quarter. Finally, Natixis purchased a new stake in shares of EHang during the fourth quarter worth about $25,000. Hedge funds and other institutional investors own 94.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on EH. Daiwa America raised EHang to a "strong-buy" rating in a research note on Tuesday, April 1st. Jefferies Financial Group started coverage on EHang in a research note on Monday, May 5th. They issued a "buy" rating and a $30.40 price objective for the company. Daiwa Capital Markets started coverage on EHang in a research note on Wednesday, April 2nd. They issued a "buy" rating and a $30.00 price objective for the company. Bank of America started coverage on EHang in a research note on Wednesday. They issued a "buy" rating and a $26.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded EHang from a "hold" rating to a "buy" rating and reduced their price target for the stock from $22.00 to $20.00 in a report on Monday, April 14th. Seven research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $25.68.

EHang Trading Down 0.4%

EH traded down $0.07 during trading on Friday, hitting $19.02. 922,573 shares of the stock were exchanged, compared to its average volume of 1,648,299. The firm has a 50 day simple moving average of $18.68 and a 200 day simple moving average of $18.01. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of -35.22 and a beta of 1.10. EHang Holdings Limited has a 1 year low of $10.40 and a 1 year high of $29.76. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39.

EHang Company Profile

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.