Baader Bank Aktiengesellschaft Sells 58,000 Shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH)

Key Points

• Baader Bank Aktiengesellschaft has reduced its stake in EHang Holdings Limited by 32.6%, now owning 120,000 shares worth approximately $2.5 million after selling 58,000 shares during the first quarter.
• Institutional investors and hedge funds collectively own 94.03% of EHang's stock, with various firms making adjustments to their stakes recently, including Natixis and JPMorgan Chase.
• EHang's stock has a market cap of $1.28 billion and analysts have set an average target price of $25.28, with multiple buy ratings from firms like Bank of America and Deutsche Bank.

Baader Bank Aktiengesellschaft decreased its holdings in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) by 32.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 120,000 shares of the company's stock after selling 58,000 shares during the quarter. Baader Bank Aktiengesellschaft owned 0.17% of EHang worth $2,507,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in EH. GSA Capital Partners LLP increased its holdings in shares of EHang by 177.7% in the 1st quarter. GSA Capital Partners LLP now owns 36,902 shares of the company's stock valued at $771,000 after acquiring an additional 23,612 shares during the period. Cetera Investment Advisers acquired a new position in shares of EHang during the 1st quarter valued at about $754,000. Penserra Capital Management LLC acquired a new position in shares of EHang during the 1st quarter valued at about $405,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of EHang during the 1st quarter valued at about $1,207,000. Finally, ABS Direct Equity Fund LLC acquired a new position in shares of EHang during the 1st quarter valued at about $292,000. Hedge funds and other institutional investors own 94.03% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on EH. Bank of America dropped their target price on shares of EHang from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Deutsche Bank Aktiengesellschaft upgraded EHang from a "hold" rating to a "buy" rating and reduced their price objective for the stock from $22.00 to $20.00 in a research note on Monday, April 14th. Finally, Jefferies Financial Group initiated coverage on EHang in a research note on Monday, May 5th. They issued a "buy" rating and a $30.40 target price on the stock. Seven research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $25.28.

EHang Price Performance

EH stock traded down $0.60 during trading on Friday, hitting $16.90. The company had a trading volume of 1,171,559 shares, compared to its average volume of 1,286,868. The company has a fifty day moving average price of $17.26 and a two-hundred day moving average price of $18.65. The company has a current ratio of 2.68, a quick ratio of 2.45 and a debt-to-equity ratio of 0.07. The company has a market cap of $1.21 billion, a P/E ratio of -35.21 and a beta of 1.16. EHang Holdings Limited Unsponsored ADR has a fifty-two week low of $10.40 and a fifty-two week high of $29.76.

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.