KADENSA CAPITAL Ltd Grows Stake in EHang Holdings Limited Unsponsored ADR $EH

Key Points

• KADENSA CAPITAL Ltd increased its stake in EHang Holdings Limited by 585.4%, acquiring a total of 759,180 shares, which represents about 2.0% of its investment portfolio.
• Several institutional investors, including Cubist Systematic Strategies LLC and Canada Pension Plan Investment Board, have also significantly increased their investments in EHang, with institutional ownership now at 94.03%.
• Analyst ratings for EHang include an "overweight" rating from JPMorgan Chase & Co. with a price target set at $26.00, while the stock has an average price target of $26.08 and carries a general "Buy" rating.

KADENSA CAPITAL Ltd raised its holdings in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) by 585.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 759,180 shares of the company's stock after purchasing an additional 648,412 shares during the quarter. EHang accounts for 2.0% of KADENSA CAPITAL Ltd's holdings, making the stock its 20th largest holding. KADENSA CAPITAL Ltd owned 1.06% of EHang worth $15,859,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of EH. Tower Research Capital LLC TRC raised its holdings in shares of 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 during the period. ABS Direct Equity Fund LLC purchased a new stake in shares of EHang in the 1st quarter valued at $292,000. Eschler Asset Management LLP purchased a new stake in shares of EHang in the 1st quarter valued at $292,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of EHang in the 4th quarter valued at $369,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of EHang in the 4th quarter valued at $378,000. Hedge funds and other institutional investors own 94.03% of the company's stock.

Analyst Upgrades and Downgrades

EH has been the topic of several recent research reports. JPMorgan Chase & Co. initiated coverage on EHang in a report on Thursday, August 21st. They set an "overweight" rating and a $26.00 price target on the stock. Bank of America cut their price target on EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. One research analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the stock. According to MarketBeat, EHang has a consensus rating of "Buy" and a consensus price target of $26.08.

EHang Stock Performance

EHang stock traded down $0.55 during mid-day trading on Wednesday, reaching $15.86. 815,058 shares of the company were exchanged, compared to its average volume of 1,753,111. The firm has a market cap of $1.14 billion, a PE ratio of -31.76 and a beta of 1.16. The firm's 50-day simple moving average is $17.50 and its two-hundred day simple moving average is $18.17. EHang Holdings Limited Unsponsored ADR has a twelve month low of $11.49 and a twelve month high of $29.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.32 and a current ratio of 2.50.

EHang 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.