Robeco Institutional Asset Management B.V. Acquires New Position in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH)

Robeco Institutional Asset Management B.V. acquired 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 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 57,756 shares of the company's stock, valued at approximately $1,207,000. Robeco Institutional Asset Management B.V. owned 0.09% of EHang as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in EHang by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company's stock valued at $26,003,000 after purchasing an additional 56,652 shares during the period. Norges Bank acquired a new stake in EHang in the fourth quarter valued at about $3,809,000. Lighthouse Investment Partners LLC purchased a new position in EHang in the fourth quarter valued at about $1,977,000. Cubist Systematic Strategies LLC increased its holdings in EHang by 151.2% in the fourth quarter. Cubist Systematic Strategies LLC now owns 110,855 shares of the company's stock valued at $1,745,000 after buying an additional 66,724 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in EHang by 20.9% in the fourth quarter. Marshall Wace LLP now owns 101,966 shares of the company's stock valued at $1,605,000 after buying an additional 17,614 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company's stock.

EHang Stock Up 0.7%

Shares of EH opened at $16.95 on Thursday. The firm has a market cap of $1.22 billion, a PE ratio of -35.31 and a beta of 1.06. The company's fifty day moving average is $17.22 and its two-hundred day moving average is $18.19. EHang Holdings Limited Unsponsored ADR has a fifty-two week low of $10.40 and a fifty-two week high of $29.76. The company has a quick ratio of 2.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.07.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on EH. Deutsche Bank Aktiengesellschaft raised shares of EHang from a "hold" rating to a "buy" rating and dropped their target price for the company from $22.00 to $20.00 in a report on Monday, April 14th. Bank of America dropped their price objective on shares of EHang from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. Jefferies Financial Group started coverage on shares of EHang in a research note on Monday, May 5th. They set a "buy" rating and a $30.40 price objective for the company. Daiwa America raised shares of EHang to a "strong-buy" rating in a research note on Tuesday, April 1st. Finally, Daiwa Capital Markets started coverage on shares of EHang in a research note on Wednesday, April 2nd. They set a "buy" rating and a $30.00 price objective for the company. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $25.28.

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.

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