Robeco Institutional Asset Management B.V. bought a new stake in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 57,756 shares of the company's stock, valued at approximately $1,207,000. Robeco Institutional Asset Management B.V. owned about 0.09% of EHang as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in EH. Norges Bank bought a new stake in shares of EHang in the fourth quarter valued at approximately $3,809,000. Lighthouse Investment Partners LLC bought a new stake in shares of EHang in the fourth quarter valued at approximately $1,977,000. Cubist Systematic Strategies LLC raised its position in shares of 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 purchasing an additional 66,724 shares during the period. Vanguard Group Inc. raised its position in shares of 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. Finally, Headlands Technologies LLC raised its position in shares of EHang by 2,080.4% in the fourth quarter. Headlands Technologies LLC now owns 57,977 shares of the company's stock valued at $913,000 after purchasing an additional 55,318 shares during the period. 94.03% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on EH. Deutsche Bank Aktiengesellschaft raised shares of EHang from a "hold" rating to a "buy" rating and decreased their target price for the stock from $22.00 to $20.00 in a report on Monday, April 14th. Jefferies Financial Group began coverage on shares of EHang in a report on Monday, May 5th. They set a "buy" rating and a $30.40 target price on the stock. Bank of America decreased their target price on shares of EHang from $26.00 to $24.00 and set a "buy" rating on the stock in a report on Tuesday, May 27th. Daiwa America raised shares of EHang to a "strong-buy" rating in a report on Tuesday, April 1st. Finally, Daiwa Capital Markets started coverage on shares of EHang in a report on Wednesday, April 2nd. They set a "buy" rating and a $30.00 target price on the stock. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $25.28.
Check Out Our Latest Research Report on EHang
EHang Price Performance
EH stock traded up $0.06 during midday trading on Friday, reaching $17.01. The company had a trading volume of 646,694 shares, compared to its average volume of 1,714,663. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.68 and a quick ratio of 2.45. EHang Holdings Limited Unsponsored ADR has a 1 year low of $10.40 and a 1 year high of $29.76. The company has a market capitalization of $1.22 billion, a P/E ratio of -35.43 and a beta of 1.06. The firm has a 50-day moving average price of $17.23 and a 200-day moving average price of $18.25.
About EHang
(
Free Report)
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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