GSA Capital Partners LLP Boosts Holdings in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH)

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 boosted its position in shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) by 177.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 36,902 shares of the company's stock after acquiring an additional 23,612 shares during the period. GSA Capital Partners LLP owned 0.05% of EHang worth $771,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EH. Natixis purchased a new position in shares of EHang in the fourth quarter worth $25,000. Tower Research Capital LLC TRC increased its stake in shares of EHang by 247.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock worth $33,000 after acquiring an additional 1,472 shares during the period. JPMorgan Chase & Co. acquired a new stake in shares of EHang in the fourth quarter worth $79,000. ABS Direct Equity Fund LLC acquired a new stake in shares of EHang in the first quarter worth $292,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of EHang in the fourth quarter worth $369,000. Hedge funds and other institutional investors own 94.03% of the company's stock.

Wall Street Analyst Weigh In

EH has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft upgraded shares of 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 research note on Monday, April 14th. Jefferies Financial Group initiated coverage on shares of EHang in a research note on Monday, May 5th. They issued a "buy" rating and a $30.40 price objective on the stock. Finally, Bank of America cut their price objective 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 investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $25.28.

EHang Stock Down 3.4%

EH stock opened at $16.90 on Friday. The firm has a market cap of $1.21 billion, a PE ratio of -35.21 and a beta of 1.16. 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's fifty day moving average is $17.26 and its 200 day moving average is $18.65. EHang Holdings Limited Unsponsored ADR has a one year low of $10.40 and a one year high of $29.76.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.