Cetera Investment Advisers Buys New Stake in EHang Holdings Limited Unsponsored ADR $EH

Key Points

• Cetera Investment Advisers invested approximately $754,000 in EHang Holdings Limited during the first quarter, acquiring 36,073 shares and owning about 0.05% of the company.
• The stock of EHang is currently trading at $17.89, up 1.1%, with a market capitalization of $1.29 billion and a resultant PE ratio of -37.27.
• Analysts generally have a positive outlook on EHang, with a consensus rating of "Buy" and a price target averaging $25.28, indicating expected growth potential.

Cetera Investment Advisers acquired a new stake in shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 36,073 shares of the company's stock, valued at approximately $754,000. Cetera Investment Advisers owned approximately 0.05% of EHang as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in EH. Lighthouse Investment Partners LLC purchased a new stake in shares of EHang in the fourth quarter worth $1,977,000. Cubist Systematic Strategies LLC raised its holdings in EHang by 151.2% in the 4th quarter. Cubist Systematic Strategies LLC now owns 110,855 shares of the company's stock worth $1,745,000 after acquiring an additional 66,724 shares during the last quarter. Marshall Wace LLP lifted its position in EHang by 20.9% in the 4th 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 in the last quarter. Robeco Institutional Asset Management B.V. purchased a new stake in EHang during the 1st quarter valued at $1,207,000. Finally, Invesco Ltd. increased its holdings in shares of EHang by 2.9% in the 4th quarter. Invesco Ltd. now owns 39,820 shares of the company's stock worth $627,000 after purchasing an additional 1,112 shares in the last quarter. Hedge funds and other institutional investors own 94.03% of the company's stock.

EHang Price Performance

Shares of EH stock traded down $0.18 on Tuesday, hitting $17.61. 389,668 shares of the stock traded hands, compared to its average volume of 1,694,121. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.68 and a quick ratio of 2.45. EHang Holdings Limited Unsponsored ADR has a 52 week low of $10.90 and a 52 week high of $29.76. The firm has a 50 day simple moving average of $17.55 and a two-hundred day simple moving average of $18.80. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of -36.83 and a beta of 1.16.

Wall Street Analyst Weigh In

Several research analysts have issued reports on EH shares. Bank of America dropped their target price on EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a research report on Tuesday, May 27th. Jefferies Financial Group started coverage on shares of EHang in a report on Monday, May 5th. They set a "buy" rating and a $30.40 target price for the company. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average price target of $25.28.

EHang 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.