BNP Paribas Financial Markets purchased a new stake in Hesai Group (NASDAQ:HSAI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 72,349 shares of the company's stock, valued at approximately $1,000,000. BNP Paribas Financial Markets owned 0.06% of Hesai Group at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. bought a new stake in shares of Hesai Group during the fourth quarter worth $1,494,000. Robert Bosch GmbH bought a new stake in shares of Hesai Group during the fourth quarter worth $105,768,000. Schonfeld Strategic Advisors LLC bought a new stake in shares of Hesai Group during the fourth quarter worth $1,705,000. Geode Capital Management LLC grew its holdings in shares of Hesai Group by 366.0% during the fourth quarter. Geode Capital Management LLC now owns 47,700 shares of the company's stock worth $659,000 after purchasing an additional 37,464 shares during the last quarter. Finally, Polunin Capital Partners Ltd grew its holdings in shares of Hesai Group by 17.9% during the fourth quarter. Polunin Capital Partners Ltd now owns 1,210,817 shares of the company's stock worth $16,733,000 after purchasing an additional 183,417 shares during the last quarter. 48.53% of the stock is currently owned by institutional investors.
Hesai Group Trading Down 0.8%
Shares of HSAI traded down $0.18 during trading hours on Monday, hitting $21.45. 4,869,224 shares of the stock traded hands, compared to its average volume of 2,693,539. The company has a current ratio of 3.08, a quick ratio of 2.65 and a debt-to-equity ratio of 0.08. Hesai Group has a 1-year low of $3.52 and a 1-year high of $24.18. The firm has a market capitalization of $2.81 billion, a PE ratio of -48.75, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The business has a fifty day moving average of $16.24 and a 200-day moving average of $14.60.
Wall Street Analyst Weigh In
Several brokerages have recently commented on HSAI. Daiwa Capital Markets began coverage on Hesai Group in a report on Tuesday, March 11th. They set a "buy" rating and a $35.00 target price on the stock. Daiwa America upgraded Hesai Group to a "strong-buy" rating in a report on Tuesday, March 11th.
Check Out Our Latest Analysis on HSAI
Hesai Group Company Profile
(
Free Report)
Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.
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