Electron Capital Partners LLC acquired a new position in shares of EHang Holdings Limited (NASDAQ:EH - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 26,866 shares of the company's stock, valued at approximately $423,000.
Several other large investors have also recently bought and sold shares of EH. Natixis purchased a new stake in shares of EHang during the 4th quarter worth approximately $25,000. Tower Research Capital LLC TRC boosted its position in 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. JPMorgan Chase & Co. acquired a new stake in EHang in the fourth quarter valued at $79,000. SBI Securities Co. Ltd. purchased a new position in shares of EHang in the fourth quarter valued at $431,000. Finally, Geode Capital Management LLC raised its stake in shares of EHang by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company's stock worth $437,000 after buying an additional 1,313 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.
Analysts Set New Price Targets
EH has been the subject of several recent research reports. Daiwa Capital Markets began coverage on shares of EHang in a report on Wednesday, April 2nd. They set a "buy" rating and a $30.00 target price for the company. Daiwa America raised shares of EHang to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft raised EHang from a "hold" rating to a "buy" rating and reduced their target price for the company from $22.00 to $20.00 in a research note on Monday, April 14th. Six research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $24.88.
Check Out Our Latest Stock Report on EH
EHang Trading Up 9.4 %
Shares of NASDAQ:EH traded up $1.62 during trading on Friday, reaching $18.82. The stock had a trading volume of 2,491,996 shares, compared to its average volume of 1,656,667. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.20 billion, a P/E ratio of -34.85 and a beta of 0.99. The business has a fifty day moving average price of $19.41 and a 200-day moving average price of $17.85. EHang Holdings Limited has a fifty-two week low of $10.40 and a fifty-two week high of $29.76.
EHang Profile
(
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.
See Also
Before you consider EHang, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and EHang wasn't on the list.
While EHang currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
