EHang Holdings Limited Unsponsored ADR $EH Shares Sold by Nomura Holdings Inc.

Key Points

• Nomura Holdings Inc. reduced its stake in EHang Holdings Limited by 62.3%, now holding approximately 0.13% of the company valued at $1.996 million.
• Institutional investors collectively own 94.03% of EHang's shares, with various funds acquiring new stakes this quarter, including ABS Direct Equity Fund LLC and Schonfeld Strategic Advisors LLC.
• Analysts maintain a consensus rating of "Buy" on EHang, with target prices set by firms like JPMorgan ($26.00) and Bank of America ($24.00).

Nomura Holdings Inc. lowered its holdings in shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) by 62.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 95,570 shares of the company's stock after selling 158,249 shares during the quarter. Nomura Holdings Inc. owned approximately 0.13% of EHang worth $1,996,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Tower Research Capital LLC TRC raised its stake in shares of EHang by 247.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock worth $33,000 after buying an additional 1,472 shares during the period. JPMorgan Chase & Co. acquired a new position in EHang during the fourth quarter worth $79,000. ABS Direct Equity Fund LLC purchased a new position in EHang during the first quarter valued at $292,000. Schonfeld Strategic Advisors LLC acquired a new stake in shares of EHang in the fourth quarter valued at about $369,000. Finally, Mackenzie Financial Corp purchased a new stake in shares of EHang during the fourth quarter worth about $378,000. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Bank of America cut their price objective on EHang from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. JPMorgan Chase & Co. started coverage on EHang in a research note on Thursday, August 21st. They issued an "overweight" rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating and seven have given a Buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $26.08.

EHang Trading Up 0.4%

Shares of EH stock traded up $0.06 on Friday, hitting $16.16. 1,240,026 shares of the stock traded hands, compared to its average volume of 1,850,682. 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 Holdings Limited Unsponsored ADR has a twelve month low of $11.35 and a twelve month high of $29.76. The firm's 50-day moving average price is $17.53 and its two-hundred day moving average price is $18.36. The stock has a market capitalization of $1.16 billion, a PE ratio of -32.32 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.