Carmignac Gestion Sells 210,212 Shares of EHang Holdings Limited Unsponsored ADR $EH

Key Points

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Carmignac Gestion lessened its stake in shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) by 63.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,511 shares of the company's stock after selling 210,212 shares during the period. Carmignac Gestion owned 0.17% of EHang worth $2,517,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in EHang in the first quarter valued at $818,000. Invesco Ltd. boosted its stake in EHang by 3.8% during the first quarter. Invesco Ltd. now owns 41,317 shares of the company's stock worth $863,000 after acquiring an additional 1,497 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in EHang by 4.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 73,182 shares of the company's stock worth $1,529,000 after acquiring an additional 2,790 shares in the last quarter. GSA Capital Partners LLP increased its stake in EHang by 177.7% during the 1st quarter. GSA Capital Partners LLP now owns 36,902 shares of the company's stock valued at $771,000 after purchasing an additional 23,612 shares in the last quarter. Finally, Cetera Investment Advisers bought a new stake in EHang during the 1st quarter valued at $754,000. 94.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

EH has been the topic of several recent analyst reports. Bank of America dropped their price objective on EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a research note on Tuesday, May 27th. JPMorgan Chase & Co. started coverage on EHang in a research note on Thursday. They issued an "overweight" rating and a $26.00 target price on the stock. Finally, Jefferies Financial Group started coverage on EHang in a report on Monday, May 5th. They issued a "buy" rating and a $30.40 price target for the company. One research analyst has rated the stock with a Strong Buy rating and eight have issued a Buy rating to the stock. According to data from MarketBeat.com, EHang currently has a consensus rating of "Buy" and a consensus target price of $25.40.

EHang Trading Up 6.1%

NASDAQ:EH traded up $1.06 during trading hours on Friday, hitting $18.51. The company had a trading volume of 3,149,291 shares, compared to its average volume of 1,706,740. The company has a market capitalization of $1.33 billion, a PE ratio of -38.56 and a beta of 1.16. The stock has a 50-day moving average price of $17.56 and a 200 day moving average price of $18.78. EHang Holdings Limited Unsponsored ADR has a 52 week low of $10.90 and a 52 week high of $29.76. 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 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.