Quantbot Technologies LP Acquires New Holdings in EHang Holdings Limited Unsponsored ADR $EH

Key Points

• Quantbot Technologies LP has invested $818,000 in EHang Holdings Limited, acquiring 39,168 shares and owning approximately 0.05% of the company.
• Several institutional investors increased their holdings in EHang during the first quarter, with overall institutional ownership now at 94.03%.
• Analysts maintain a consensus rating of "Buy" on EHang stock, with a recent price target set at $25.40.

Quantbot Technologies LP purchased a new stake in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 39,168 shares of the company's stock, valued at approximately $818,000. Quantbot Technologies LP owned 0.05% of EHang as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of EH. JPMorgan Chase & Co. acquired a new position in shares of EHang in the 4th quarter valued at $79,000. Geode Capital Management LLC boosted its position in EHang by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company's stock worth $437,000 after acquiring an additional 1,313 shares during the period. Invesco Ltd. boosted its position in EHang by 2.9% during the 4th quarter. Invesco Ltd. now owns 39,820 shares of the company's stock worth $627,000 after acquiring an additional 1,112 shares during the period. Marshall Wace LLP boosted its position in EHang by 20.9% during the 4th quarter. Marshall Wace LLP now owns 101,966 shares of the company's stock worth $1,605,000 after acquiring an additional 17,614 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in 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 acquiring an additional 1,472 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

EHang Stock Down 2.1%

Shares of EH traded down $0.34 during midday trading on Friday, reaching $15.81. 4,212,996 shares of the stock were exchanged, compared to its average volume of 1,758,631. EHang Holdings Limited Unsponsored ADR has a 12-month low of $10.90 and a 12-month high of $29.76. The firm has a 50 day simple moving average of $17.61 and a 200-day simple moving average of $18.73. The company has a quick ratio of 2.45, a current ratio of 2.50 and a debt-to-equity ratio of 0.06. The company has a market cap of $1.14 billion, a price-to-earnings ratio of -31.56 and a beta of 1.16.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on EH shares. Jefferies Financial Group started coverage on EHang in a research report on Monday, May 5th. They set a "buy" rating and a $30.40 price objective for the company. JPMorgan Chase & Co. started coverage on EHang in a research report on Thursday, August 21st. They set an "overweight" rating and a $26.00 price objective for the company. Finally, Bank of America decreased their price objective on EHang from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday, May 27th. One equities research analyst has rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $26.08.

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.