Cubist Systematic Strategies LLC Buys 66,724 Shares of EHang Holdings Limited (NASDAQ:EH)

Cubist Systematic Strategies LLC lifted its position in shares of EHang Holdings Limited (NASDAQ:EH - Free Report) by 151.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 110,855 shares of the company's stock after purchasing an additional 66,724 shares during the period. Cubist Systematic Strategies LLC owned 0.17% of EHang worth $1,745,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of EHang by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company's stock worth $26,003,000 after acquiring an additional 56,652 shares in the last quarter. Norges Bank bought a new position in shares of EHang during the fourth quarter valued at about $3,809,000. Baader Bank Aktiengesellschaft grew its stake in shares of EHang by 22.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock worth $2,803,000 after purchasing an additional 33,000 shares during the last quarter. Marshall Wace LLP grew its stake in shares of EHang by 20.9% in the fourth quarter. Marshall Wace LLP now owns 101,966 shares of the company's stock worth $1,605,000 after purchasing an additional 17,614 shares during the last quarter. Finally, Headlands Technologies LLC grew its stake in shares of EHang by 2,080.4% in the fourth quarter. Headlands Technologies LLC now owns 57,977 shares of the company's stock worth $913,000 after purchasing an additional 55,318 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on EH shares. Daiwa America raised shares of EHang to a "strong-buy" rating in a research report on Tuesday, April 1st. Jefferies Financial Group began coverage on shares of EHang in a research note on Monday, May 5th. They set a "buy" rating and a $30.40 target price for the company. Deutsche Bank Aktiengesellschaft raised EHang from a "hold" rating to a "buy" rating and lowered their price target for the stock from $22.00 to $20.00 in a research report on Monday, April 14th. Finally, Daiwa Capital Markets began coverage on shares of EHang in a research note on Wednesday, April 2nd. They set a "buy" rating and a $30.00 price objective for the company. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $25.60.

EHang Stock Performance

EHang stock opened at $19.22 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. EHang Holdings Limited has a 1-year low of $10.40 and a 1-year high of $29.76. The firm has a market capitalization of $1.38 billion, a P/E ratio of -35.59 and a beta of 1.10. The company's 50-day moving average is $18.92 and its 200 day moving average is $17.96.

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.

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