Hesai Group Sponsored ADR $HSAI Shares Sold by Oxbow Capital Management HK Ltd

Key Points

• Oxbow Capital Management HK Ltd cut its stake in Hesai Group (NASDAQ: HSAI) by 5.8% in Q3, selling 90,662 shares and now owning 1,480,000 shares (about 1.13% of the company), valued at roughly $41.6 million and making HSAI its 7th-largest holding.
• Other institutional investors largely added to positions (SG Americas, Franklin Resources, Main Management, Candriam) while Legal & General initiated a new position, leaving institutions owning about 48.53% of HSAI.
• Analysts have a consensus Buy rating with an average target of $29.96 (CICC initiated coverage with an “outperform” and $23.50 target); HSAI trades near $24 with a 12‑month range of $10.41–$30.85 and a market cap of $3.37 billion (PE ~57.2).

Oxbow Capital Management HK Ltd lowered its holdings in Hesai Group Sponsored ADR (NASDAQ:HSAI - Free Report) by 5.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,480,000 shares of the company's stock after selling 90,662 shares during the quarter. Hesai Group accounts for 7.3% of Oxbow Capital Management HK Ltd's holdings, making the stock its 7th largest holding. Oxbow Capital Management HK Ltd owned 1.13% of Hesai Group worth $41,588,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of HSAI. SG Americas Securities LLC grew its holdings in shares of Hesai Group by 2.8% during the 2nd quarter. SG Americas Securities LLC now owns 23,445 shares of the company's stock worth $515,000 after purchasing an additional 631 shares during the period. Franklin Resources Inc. raised its holdings in Hesai Group by 4.2% in the 2nd quarter. Franklin Resources Inc. now owns 19,548 shares of the company's stock valued at $429,000 after buying an additional 782 shares during the period. Main Management ETF Advisors LLC lifted its position in Hesai Group by 1.6% in the second quarter. Main Management ETF Advisors LLC now owns 62,284 shares of the company's stock valued at $1,367,000 after buying an additional 1,008 shares during the last quarter. Candriam S.C.A. lifted its position in Hesai Group by 3.6% in the third quarter. Candriam S.C.A. now owns 72,000 shares of the company's stock valued at $2,023,000 after buying an additional 2,500 shares during the last quarter. Finally, Legal & General Group Plc purchased a new position in Hesai Group during the third quarter worth about $71,000. Institutional investors and hedge funds own 48.53% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HSAI shares. CICC Research started coverage on shares of Hesai Group in a research report on Tuesday, November 25th. They set an "outperform" rating and a $23.50 price target for the company. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Hesai Group in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $29.96.

Hesai Group Price Performance

HSAI stock opened at $24.04 on Friday. The business's fifty day moving average price is $26.18 and its 200 day moving average price is $24.47. Hesai Group Sponsored ADR has a 12-month low of $10.41 and a 12-month high of $30.85. The company has a current ratio of 5.75, a quick ratio of 5.37 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $3.37 billion, a PE ratio of 57.24 and a beta of 1.06.

About Hesai Group

Hesai Group is a technology company specializing in the development and production of advanced LiDAR (Light Detection and Ranging) sensors and perception software platforms for autonomous vehicles, robotics, industrial automation and mapping applications. The company’s core business centers on delivering high-performance, high-reliability LiDAR solutions designed to enable precise three-dimensional sensing and real-time environment perception. Hesai’s product lineup spans mechanical rotating LiDAR units, solid-state and MEMS-based sensors, as well as integrated software stacks for object detection, tracking and data fusion.

Founded in 2014 by a team of laser sensing and robotics researchers, Hesai built its reputation on improving range, resolution and reliability of LiDAR systems while driving down cost and size.

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