129,635 Shares in Hesai Group Sponsored ADR $HSAI Acquired by M&T Bank Corp

Key Points

• M&T Bank Corp entered a new position in Hesai Group ADRs during Q4, buying 129,635 shares valued at about $2.9 million and owning roughly 0.09% of the company.
• Other institutions moved aggressively—most notably Goldman Sachs, which boosted its stake by 961,493 shares (up 345.7%) to 1,239,625 shares—and institutional investors now hold about 48.53% of HSAI.
• Sell‑side consensus is a Buy with a $29.96 price target; HSAI trades near $23.41, has a $3.28 billion market cap and a trailing P/E of about 58.5.

M&T Bank Corp acquired a new position in shares of Hesai Group Sponsored ADR (NASDAQ:HSAI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 129,635 shares of the company's stock, valued at approximately $2,904,000. M&T Bank Corp owned approximately 0.09% of Hesai Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in HSAI. Goldman Sachs Group Inc. lifted its position in Hesai Group by 345.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,239,625 shares of the company's stock worth $18,346,000 after buying an additional 961,493 shares in the last quarter. Federated Hermes Inc. purchased a new position in Hesai Group during the second quarter worth approximately $156,000. Daiwa Securities Group Inc. purchased a new position in Hesai Group during the second quarter worth approximately $108,000. Qube Research & Technologies Ltd purchased a new position in Hesai Group during the second quarter worth approximately $368,000. Finally, The Manufacturers Life Insurance Company lifted its position in Hesai Group by 24.2% during the second quarter. The Manufacturers Life Insurance Company now owns 1,151,586 shares of the company's stock worth $25,277,000 after buying an additional 224,381 shares in the last quarter. Hedge funds and other institutional investors own 48.53% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HSAI. Weiss Ratings reiterated a "hold (c)" rating on shares of Hesai Group in a research report on Monday, December 29th. Wall Street Zen downgraded Hesai Group from a "hold" rating to a "sell" rating in a research report on Saturday, April 11th. Finally, BNP Paribas Exane assumed coverage on Hesai Group in a research report on Thursday, March 26th. They issued an "outperform" rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, Hesai Group currently has a consensus rating of "Buy" and a consensus price target of $29.96.

Hesai Group Trading Up 4.8%

HSAI opened at $23.41 on Tuesday. Hesai Group Sponsored ADR has a 12 month low of $14.69 and a 12 month high of $30.85. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 58.53 and a beta of 1.46. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.73 and a quick ratio of 3.38. The business has a fifty day moving average price of $23.45 and a 200 day moving average price of $23.14.

Hesai Group (NASDAQ:HSAI - Get Free Report) last released its earnings results on Saturday, February 14th. The company reported $0.16 EPS for the quarter. Hesai Group had a return on equity of 6.63% and a net margin of 14.47%.The firm had revenue of $143.00 million during the quarter. Sell-side analysts expect that Hesai Group Sponsored ADR will post 0.67 earnings per share for the current fiscal year.

Hesai Group Company Profile

Hesai Group is a technology company specializing in the development and production of advanced LiDAR (Light Detection and Ranging) sensors and perception software platforms for autonomous vehicles, robotics, industrial automation and mapping applications. The company’s core business centers on delivering high-performance, high-reliability LiDAR solutions designed to enable precise three-dimensional sensing and real-time environment perception. Hesai’s product lineup spans mechanical rotating LiDAR units, solid-state and MEMS-based sensors, as well as integrated software stacks for object detection, tracking and data fusion.

Founded in 2014 by a team of laser sensing and robotics researchers, Hesai built its reputation on improving range, resolution and reliability of LiDAR systems while driving down cost and size.

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