EHang Sees Unusually Large Options Volume (NASDAQ:EH)

Key Points

• EHang Holdings Limited experienced a significant increase in options trading, with 16,464 put options purchased, marking an 81% rise compared to the average daily volume.
• Analysts have varied price targets for EHang, with Jefferies setting a "buy" rating at $30.40 while Bank of America lowered its target to $24.00, reflecting differing outlooks on the company's performance.
• Institutional investors hold a significant majority of EHang's stock, accounting for 94.03% of ownership, indicating strong confidence from larger investment entities.

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Investors purchased 16,464 put options on the company. Thisrepresentsanincreaseofapproximately81% compared to the average volume of 9,074 put options.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on EH shares. JPMorgan Chase & Co. started coverage on shares of EHang in a research report on Thursday. They set an "overweight" rating and a $26.00 target price on the stock. Jefferies Financial Group started coverage on shares of EHang in a research report on Monday, May 5th. They set a "buy" rating and a $30.40 target price on the stock. Finally, Bank of America decreased their target price on shares of EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $25.40.

EHang Trading Down 3.9%

Shares of EHang stock traded down $0.72 on Monday, hitting $17.79. The stock had a trading volume of 2,392,808 shares, compared to its average volume of 1,711,111. The stock has a 50 day moving average of $17.60 and a 200 day moving average of $18.81. The firm has a market capitalization of $1.28 billion, a P/E ratio of -37.06 and a beta of 1.16. EHang has a twelve month low of $10.90 and a twelve month high of $29.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.45 and a current ratio of 2.68.

Hedge Funds Weigh In On EHang

Several large investors have recently modified their holdings of the business. Natixis bought a new stake in shares of EHang in the fourth quarter worth $25,000. Tower Research Capital LLC TRC lifted its holdings in EHang by 247.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock worth $33,000 after buying an additional 1,472 shares during the period. Legal & General Group Plc lifted its holdings in EHang by 171.7% during the 2nd quarter. Legal & General Group Plc now owns 3,380 shares of the company's stock worth $59,000 after buying an additional 2,136 shares during the period. JPMorgan Chase & Co. bought a new position in shares of EHang during the fourth quarter worth about $79,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of EHang by 3,147.8% during the second quarter. Caitong International Asset Management Co. Ltd now owns 6,528 shares of the company's stock worth $113,000 after acquiring an additional 6,327 shares during the last quarter. Institutional investors own 94.03% of the company's stock.

About EHang

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.