Headlands Technologies LLC Has $886,000 Stake in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH)

Key Points

• Headlands Technologies LLC reduced its holdings in EHang Holdings Limited by 26.8% in Q1, bringing their total shares owned to 42,434 and valuing their stake at $886,000.
• Institutional investors now control 94.03% of EHang's stock, with notable players like Vanguard Group Inc. increasing their stake by 3.6% in the previous quarter.
• EHang stock has seen fluctuations, with a current price of $17.45, and analysts have mixed ratings, with a consensus price target of $25.28.

Headlands Technologies LLC trimmed its stake in shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) by 26.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,434 shares of the company's stock after selling 15,543 shares during the period. Headlands Technologies LLC owned about 0.06% of EHang worth $886,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in EHang by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company's stock worth $26,003,000 after purchasing an additional 56,652 shares during the last quarter. Norges Bank bought a new stake in EHang during the 4th quarter valued at approximately $3,809,000. Lighthouse Investment Partners LLC bought a new stake in EHang during the 4th quarter valued at approximately $1,977,000. Cubist Systematic Strategies LLC boosted its stake in EHang by 151.2% during the 4th quarter. Cubist Systematic Strategies LLC now owns 110,855 shares of the company's stock valued at $1,745,000 after purchasing an additional 66,724 shares during the period. Finally, Marshall Wace LLP lifted its position in shares of EHang by 20.9% in the 4th quarter. Marshall Wace LLP now owns 101,966 shares of the company's stock worth $1,605,000 after acquiring an additional 17,614 shares during the period. 94.03% of the stock is owned by institutional investors and hedge funds.

EHang Price Performance

Shares of EH traded up $0.44 during mid-day trading on Friday, reaching $17.89. The company had a trading volume of 681,881 shares, compared to its average volume of 1,303,474. EHang Holdings Limited Unsponsored ADR has a twelve month low of $10.90 and a twelve month 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. The company's 50-day moving average is $17.36 and its 200-day moving average is $18.74. The company has a market capitalization of $1.29 billion, a P/E ratio of -37.27 and a beta of 1.16.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Jefferies Financial Group assumed coverage on EHang in a research report on Monday, May 5th. They issued a "buy" rating and a $30.40 price objective for the company. Bank of America reduced their price objective on EHang from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. Finally, 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 report on Monday, April 14th. Seven equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, EHang currently has an average rating of "Buy" and an average target price of $25.28.

EHang Company 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.