49,354 Shares in EHang Holdings Limited Unsponsored ADR $EH Acquired by SteelPeak Wealth LLC

Key Points

• SteelPeak Wealth LLC acquired 49,354 shares of EHang Holdings Limited Unsponsored ADR, valued at approximately $857,000, increasing its stake to about 0.07% of the company.
• Institutional investors hold 94.03% of EHang's stock, with KADENSA CAPITAL Ltd leading an increase of 585.4% in their shares during the 1st quarter.
• Recent analyst ratings for EHang include a target price of $26.00 from JPMorgan Chase, while Weiss Ratings maintains a "sell" rating, highlighting divergent views on the stock's future performance.

SteelPeak Wealth LLC bought a new position in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 49,354 shares of the company's stock, valued at approximately $857,000. SteelPeak Wealth LLC owned approximately 0.07% of EHang as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of EH. KADENSA CAPITAL Ltd increased its stake in shares of EHang by 585.4% in the 1st quarter. KADENSA CAPITAL Ltd now owns 759,180 shares of the company's stock valued at $15,859,000 after acquiring an additional 648,412 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in EHang by 517.1% in the first quarter. Cubist Systematic Strategies LLC now owns 684,103 shares of the company's stock worth $14,291,000 after purchasing an additional 573,248 shares during the period. Canada Pension Plan Investment Board bought a new stake in EHang in the first quarter valued at $8,162,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of EHang during the first quarter valued at about $1,207,000. Finally, Quantbot Technologies LP bought a new position in shares of EHang during the 1st quarter worth about $818,000. 94.03% of the stock is currently owned by institutional investors.

EHang Trading Up 1.1%

Shares of EHang stock opened at $18.68 on Thursday. The firm has a market cap of $1.34 billion, a PE ratio of -37.36 and a beta of 1.12. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.50 and a quick ratio of 2.32. EHang Holdings Limited Unsponsored ADR has a 1 year low of $12.02 and a 1 year high of $29.76. The stock has a fifty day moving average price of $17.38 and a 200-day moving average price of $17.45.

Wall Street Analyst Weigh In

EH has been the subject of a number of research analyst reports. JPMorgan Chase & Co. initiated coverage on EHang in a research report on Thursday, August 21st. They issued an "overweight" rating and a $26.00 target price for the company. Weiss Ratings restated a "sell (d-)" rating on shares of EHang in a report on Wednesday. Dbs Bank initiated coverage on EHang in a research report on Thursday, October 2nd. They set a "buy" rating on the stock. Finally, Wall Street Zen downgraded shares of EHang from a "hold" rating to a "sell" rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, EHang currently has a consensus rating of "Moderate Buy" and an average target price of $26.08.

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.

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