Baader Bank Aktiengesellschaft Has $2.51 Million Stock Holdings in 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 lowered its holdings in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) by 32.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 120,000 shares of the company's stock after selling 58,000 shares during the quarter. Baader Bank Aktiengesellschaft owned about 0.17% of EHang worth $2,507,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in EHang by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company's stock worth $26,003,000 after buying an additional 56,652 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in EHang during the 4th quarter worth $79,000. Norges Bank purchased a new stake in EHang during the 4th quarter worth $3,809,000. Headlands Technologies LLC grew its holdings in EHang by 2,080.4% during the 4th quarter. Headlands Technologies LLC now owns 57,977 shares of the company's stock worth $913,000 after acquiring an additional 55,318 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in EHang by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company's stock worth $437,000 after acquiring an additional 1,313 shares in the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EH has been the topic of a number of analyst reports. Jefferies Financial Group initiated coverage on shares of EHang in a report on Monday, May 5th. They issued a "buy" rating and a $30.40 price objective on the stock. Bank of America cut their price target 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. Deutsche Bank Aktiengesellschaft upgraded EHang from a "hold" rating to a "buy" rating and cut their price objective for the stock from $22.00 to $20.00 in a report on Monday, April 14th. Daiwa Capital Markets began coverage on EHang in a research note on Wednesday, April 2nd. They set a "buy" rating and a $30.00 target price on the stock. Finally, Daiwa America upgraded EHang to a "strong-buy" rating in a report on Tuesday, April 1st. Seven 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.com, the company has a consensus rating of "Buy" and an average target price of $25.28.

EHang Price Performance

NASDAQ EH traded down $0.37 during trading hours on Wednesday, reaching $17.47. 848,033 shares of the company's stock were exchanged, compared to its average volume of 1,273,726. The stock has a market cap of $1.26 billion, a PE ratio of -36.40 and a beta of 1.06. EHang Holdings Limited Unsponsored ADR has a one year low of $10.40 and a one year high of $29.76. The firm has a fifty day moving average of $17.25 and a 200-day moving average of $18.62. The company has a current ratio of 2.68, a quick ratio of 2.45 and a debt-to-equity ratio of 0.07.

About EHang

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.