Cubist Systematic Strategies LLC Acquires 573,248 Shares of EHang Holdings Limited Unsponsored ADR $EH

Key Points

• Cubist Systematic Strategies LLC increased its stake in EHang Holdings Limited by 517.1%, owning approximately $14.29 million worth of shares after acquiring 573,248 additional shares in the first quarter.
• EHang stock currently has a market capitalization of $1.14 billion and is showing a twelve-month range between $10.90 and $29.76, with a current trading price of $15.83.
• Analysts have a consensus rating of "Buy" for EHang, with target prices ranging from $24.00 to $30.40 following recent coverage from several research firms.

Cubist Systematic Strategies LLC boosted its holdings in shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) by 517.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 684,103 shares of the company's stock after acquiring an additional 573,248 shares during the period. Cubist Systematic Strategies LLC owned 0.95% of EHang worth $14,291,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in EHang by 247.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock worth $33,000 after buying an additional 1,472 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in EHang in the fourth quarter worth about $79,000. ABS Direct Equity Fund LLC purchased a new position in EHang in the first quarter worth about $292,000. Schonfeld Strategic Advisors LLC purchased a new position in EHang in the fourth quarter worth about $369,000. Finally, Mackenzie Financial Corp purchased a new position in EHang in the fourth quarter worth about $378,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

EHang Stock Performance

Shares of EH stock traded up $0.19 during trading hours on Thursday, reaching $16.10. The company had a trading volume of 1,864,171 shares, compared to its average volume of 1,768,939. The business has a fifty day moving average price of $17.57 and a 200-day moving average price of $18.49. EHang Holdings Limited Unsponsored ADR has a one year low of $11.35 and a one year high of $29.76. The firm has a market cap of $1.16 billion, a PE ratio of -32.20 and a beta of 1.16. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.45 and a current ratio of 2.50.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. JPMorgan Chase & Co. assumed coverage on shares of EHang in a report on Thursday, August 21st. They issued an "overweight" rating and a $26.00 target price for the company. Bank of America decreased their target price on shares of EHang from $26.00 to $24.00 and set a "buy" rating for the company in a report on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $26.08.

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.