China UAE Investment Cooperation Fund L.P. Buys Shares of 7,769,918 WeRide Inc. $WRD

Key Points

• China UAE Investment Cooperation Fund L.P. bought a new stake of 7,769,918 shares of WeRide (NASDAQ:WRD) in Q4, valued at approximately $67.44 million, representing about 2.40% ownership and roughly 100% of the fund’s holdings.
• WeRide stock opened at $7.48 (down 4.3%), trades in a 52‑week range of $6.01–$12.55 with a market cap of $2.37B, and reported quarterly revenue of $44.9M alongside negative EPS and margins (EPS −$0.24; net margin −240.54%).
• Analyst coverage is mixed but tilts positive: seven Buys, one Hold and one Sell produce an average rating of “Moderate Buy” and an average target price of $12.48.

China UAE Investment Cooperation Fund L.P. bought a new stake in WeRide Inc. (NASDAQ:WRD - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,769,918 shares of the company's stock, valued at approximately $67,443,000. WeRide accounts for approximately 100.0% of China UAE Investment Cooperation Fund L.P.'s holdings, making the stock its biggest position. China UAE Investment Cooperation Fund L.P. owned about 2.40% of WeRide at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in WRD. NewEdge Advisors LLC bought a new stake in shares of WeRide in the first quarter valued at $27,000. JPMorgan Chase & Co. bought a new stake in shares of WeRide in the second quarter valued at $30,000. SBI Securities Co. Ltd. raised its stake in shares of WeRide by 37.6% in the third quarter. SBI Securities Co. Ltd. now owns 4,898 shares of the company's stock valued at $48,000 after buying an additional 1,339 shares during the period. LMR Partners LLP bought a new stake in shares of WeRide in the second quarter valued at $85,000. Finally, First Trust Advisors LP bought a new stake in shares of WeRide in the second quarter valued at $98,000.

WeRide Stock Down 4.3%

WeRide stock opened at $7.48 on Thursday. WeRide Inc. has a 52 week low of $6.01 and a 52 week high of $12.55. The business has a 50-day simple moving average of $7.30 and a 200 day simple moving average of $8.29. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of -9.97 and a beta of 2.95.

WeRide (NASDAQ:WRD - Get Free Report) last posted its earnings results on Monday, March 23rd. The company reported ($0.24) EPS for the quarter. WeRide had a negative return on equity of 24.38% and a negative net margin of 240.54%.The business had revenue of $44.88 million for the quarter. On average, research analysts anticipate that WeRide Inc. will post -1.29 earnings per share for the current year.

Analyst Ratings Changes

WRD has been the subject of several recent research reports. CLSA initiated coverage on WeRide in a research report on Monday, January 5th. They issued an "outperform" rating and a $13.00 price target for the company. Citigroup reiterated a "buy" rating on shares of WeRide in a research report on Monday, January 19th. Weiss Ratings reiterated a "sell (d-)" rating on shares of WeRide in a research report on Friday, March 27th. BNP Paribas Exane initiated coverage on WeRide in a research report on Thursday, March 26th. They issued an "outperform" rating and a $11.00 price target for the company. Finally, Zacks Research cut WeRide from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, April 21st. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $12.48.

WeRide Profile

WeRide Inc NASDAQ: WRD is a developer of autonomous driving technology focused on providing Level 4 (L4) self-driving solutions for passenger mobility and logistics. The company's full-stack platform integrates sensors, computing hardware, software algorithms and vehicle controls to enable driverless taxis, shuttles and goods delivery vehicles. By combining perception, planning and controls in a turnkey system, WeRide aims to accelerate the commercialization of robotaxi services and autonomous fleet operations.

Founded in 2017 and headquartered in Guangzhou, China, WeRide maintains research and development centers in Silicon Valley and China.

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