19,418 Shares in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Acquired by Penserra Capital Management LLC

Penserra Capital Management LLC acquired a new stake in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 19,418 shares of the company's stock, valued at approximately $405,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Natixis purchased a new position in shares of EHang during the 4th quarter valued at $25,000. Tower Research Capital LLC TRC grew its position in shares of EHang by 247.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock valued at $33,000 after purchasing an additional 1,472 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in shares of EHang in the fourth quarter valued at about $79,000. ABS Direct Equity Fund LLC acquired a new stake in EHang during the first quarter valued at approximately $292,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in EHang during the fourth quarter valued at approximately $369,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

EHang Stock Down 0.1%

EH stock traded down $0.01 during trading on Monday, reaching $17.68. The stock had a trading volume of 1,242,013 shares, compared to its average volume of 1,718,183. EHang Holdings Limited Unsponsored ADR has a one year low of $10.40 and a one year high of $29.76. The company has a quick ratio of 2.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.07. The company's 50 day moving average is $17.22 and its two-hundred day moving average is $18.34. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of -36.83 and a beta of 1.06.

Analysts Set New Price Targets

EH has been the subject of a number of research analyst reports. Daiwa Capital Markets assumed coverage on shares of EHang in a research note on Wednesday, April 2nd. They issued a "buy" rating and a $30.00 target price for the company. Bank of America dropped their target price on shares of EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Jefferies Financial Group assumed coverage on shares of EHang in a report on Monday, May 5th. They issued a "buy" rating and a $30.40 price target on the stock. Deutsche Bank Aktiengesellschaft upgraded shares of EHang from a "hold" rating to a "buy" rating and decreased their target price for the stock from $22.00 to $20.00 in a research report on Monday, April 14th. Finally, Daiwa America upgraded shares of EHang to a "strong-buy" rating in a research report on Tuesday, April 1st. Seven equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, EHang presently has an average rating of "Buy" and an average price target of $25.28.

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.