Baader Bank Aktiengesellschaft Decreases Stake in EHang Holdings Limited Unsponsored ADR $EH

Key Points

• Baader Bank Aktiengesellschaft has significantly reduced its holdings in EHang Holdings Limited by selling 95,000 shares, representing a 79.2% decrease in their stake during the second quarter.
• Despite Baader Bank's sell-off, other institutional investors, such as Invesco and Goldman Sachs, have increased their stakes in EHang, indicating ongoing interest in the company.
• Analysts have given EHang an average rating of "Buy" with a consensus price target of approximately $26.08, suggesting positive sentiment for the stock's potential performance.

Baader Bank Aktiengesellschaft reduced its holdings in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) by 79.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,000 shares of the company's stock after selling 95,000 shares during the period. Baader Bank Aktiengesellschaft's holdings in EHang were worth $434,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of EH. Eschler Asset Management LLP acquired a new stake in EHang in the first quarter valued at approximately $292,000. ABS Direct Equity Fund LLC acquired a new stake in shares of EHang in the first quarter worth approximately $292,000. Mackenzie Financial Corp acquired a new stake in shares of EHang in the fourth quarter worth approximately $378,000. Penserra Capital Management LLC acquired a new stake in shares of EHang in the first quarter worth approximately $405,000. Finally, BNP Paribas Financial Markets acquired a new stake in shares of EHang in the fourth quarter worth approximately $428,000. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EH. JPMorgan Chase & Co. began coverage on EHang in a research note on Thursday, August 21st. They issued an "overweight" rating and a $26.00 price target on the stock. Bank of America lowered their price target on EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to MarketBeat, EHang has an average rating of "Buy" and a consensus price target of $26.08.

EHang Stock Performance

NASDAQ EH traded up $0.92 during trading hours on Friday, hitting $17.95. 2,230,917 shares of the stock were exchanged, compared to its average volume of 1,976,585. The company has a quick ratio of 2.32, a current ratio of 2.50 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.29 billion, a price-to-earnings ratio of -35.90 and a beta of 1.16. EHang Holdings Limited Unsponsored ADR has a 12-month low of $11.70 and a 12-month high of $29.76. The stock has a 50-day moving average of $17.45 and a 200 day moving average of $17.82.

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.