EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) Shares Bought by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its shareholding in EHang Holdings Limited by 177.7% in the first quarter, now owning 36,902 shares valued at approximately $771,000.
• Multiple institutional investors, including JPMorgan Chase & Co. and ABS Direct Equity Fund LLC, have recently acquired stakes in EHang, with hedge funds owning 94.03% of the company’s stock.
• Analysts maintain a generally positive outlook on EHang, with an average rating of "Buy" and a price target of $25.28, despite a recent stock price dip of 3.4%.

GSA Capital Partners LLP raised its holdings in shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) by 177.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,902 shares of the company's stock after purchasing an additional 23,612 shares during the period. GSA Capital Partners LLP owned 0.05% of EHang worth $771,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Natixis acquired a new stake in EHang during the 4th quarter worth about $25,000. Tower Research Capital LLC TRC lifted its stake in EHang by 247.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock valued at $33,000 after buying an additional 1,472 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in EHang in the 4th quarter valued at about $79,000. ABS Direct Equity Fund LLC acquired a new stake in EHang in the 1st quarter valued at about $292,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in EHang in the 4th quarter valued at about $369,000. 94.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

EHang Stock Performance

Shares of NASDAQ EH traded down $0.01 during midday trading on Wednesday, hitting $17.27. The company's stock had a trading volume of 356,363 shares, compared to its average volume of 1,749,993. EHang Holdings Limited Unsponsored ADR has a 1-year low of $10.90 and a 1-year high of $29.76. The firm's fifty day moving average price is $17.29 and its 200-day moving average price is $18.70. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.45 and a current ratio of 2.68. The firm has a market cap of $1.24 billion, a P/E ratio of -35.99 and a beta of 1.16.

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.