Canada Pension Plan Investment Board Takes $8.16 Million Position in EHang Holdings Limited Unsponsored ADR $EH

Key Points

• Canada Pension Plan Investment Board acquired 390,700 shares of EHang Holdings Limited Unsponsored ADR, valued at approximately $8.16 million, representing 0.54% ownership of the company.
• Recent analyst reports show a consensus rating of "Buy" with a target price around $26, following coverage initiation by JPMorgan Chase & Co.
• Shares of EHang have traded between a 12-month low of $10.90 and a high of $29.76, with the current market cap at approximately $1.12 billion.

Canada Pension Plan Investment Board acquired a new position in shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 390,700 shares of the company's stock, valued at approximately $8,162,000. Canada Pension Plan Investment Board owned 0.54% of EHang at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of EH. 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 during the period. JPMorgan Chase & Co. acquired a new position in EHang during the fourth quarter worth $79,000. ABS Direct Equity Fund LLC acquired a new stake in shares of EHang in the first quarter valued at $292,000. Penserra Capital Management LLC acquired a new stake in shares of EHang in the first quarter valued at $405,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of EHang in the fourth quarter valued at $369,000. Hedge funds and other institutional investors own 94.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on EH shares. Bank of America decreased their price target on EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. JPMorgan Chase & Co. initiated coverage on shares of EHang in a report on Thursday, August 21st. They issued an "overweight" rating and a $26.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and an average target price of $26.08.

EHang Trading Down 1.9%

EH traded down $0.30 during trading on Monday, reaching $15.86. 450,016 shares of the company's stock were exchanged, compared to its average volume of 1,757,486. The company's fifty day moving average price is $17.53 and its 200-day moving average price is $18.25. The firm has a market capitalization of $1.14 billion, a PE ratio of -31.68 and a beta of 1.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.32 and a current ratio of 2.50. EHang Holdings Limited Unsponsored ADR has a fifty-two week low of $11.35 and a fifty-two week high of $29.76.

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.