27,209 Shares in EHang Holdings Limited (NASDAQ:EH) Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new stake in EHang Holdings Limited (NASDAQ:EH - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 27,209 shares of the company's stock, valued at approximately $428,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of EHang in the fourth quarter valued at approximately $3,809,000. SBI Securities Co. Ltd. bought a new position in EHang in the fourth quarter valued at approximately $431,000. Marshall Wace LLP increased its stake in EHang by 20.9% in the fourth quarter. Marshall Wace LLP now owns 101,966 shares of the company's stock valued at $1,605,000 after acquiring an additional 17,614 shares during the last quarter. Headlands Technologies LLC increased its stake in EHang by 2,080.4% in the fourth quarter. Headlands Technologies LLC now owns 57,977 shares of the company's stock valued at $913,000 after acquiring an additional 55,318 shares during the last quarter. Finally, Baader Bank Aktiengesellschaft increased its stake in EHang by 22.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock valued at $2,803,000 after acquiring an additional 33,000 shares during the last quarter. 94.03% of the stock is currently owned by institutional investors and hedge funds.

EHang Price Performance

Shares of NASDAQ EH traded up $0.87 during midday trading on Wednesday, reaching $16.65. 2,887,206 shares of the company were exchanged, compared to its average volume of 1,656,961. The stock has a market cap of $1.20 billion, a P/E ratio of -30.83 and a beta of 1.10. The stock's 50-day moving average price is $17.78 and its 200-day moving average price is $17.99. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. EHang Holdings Limited has a one year low of $10.40 and a one year high of $29.76.

Wall Street Analyst Weigh In

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

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.