SG Americas Securities LLC Has $1.53 Million Stake in Hesai Group Sponsored ADR $HSAI

Key Points

• SG Americas Securities LLC cut its Hesai Group stake by 63.5% in Q4, selling 118,520 shares and finishing the period with 68,235 shares worth about $1.53 million.
• Several large institutions boosted positions — Vanguard owns 4.08M shares (+18.3%), Allianz 2.59M (+29.1%), Robeco added 881k — and institutional investors hold 48.53% of the stock.
• Hesai (NASDAQ: HSAI) trades near $20.71 with a $2.90B market cap, reported $0.16 EPS and $143M revenue last quarter, and has a consensus Buy rating with an average target of $29.96.

SG Americas Securities LLC lessened its stake in shares of Hesai Group Sponsored ADR (NASDAQ:HSAI - Free Report) by 63.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 68,235 shares of the company's stock after selling 118,520 shares during the period. SG Americas Securities LLC owned 0.05% of Hesai Group worth $1,528,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HSAI. Vanguard Group Inc. raised its holdings in shares of Hesai Group by 18.3% during the third quarter. Vanguard Group Inc. now owns 4,078,330 shares of the company's stock valued at $114,601,000 after purchasing an additional 629,680 shares during the period. Allianz Asset Management GmbH boosted its position in shares of Hesai Group by 29.1% during the 3rd quarter. Allianz Asset Management GmbH now owns 2,594,744 shares of the company's stock worth $72,912,000 after purchasing an additional 584,468 shares in the last quarter. Long Corridor Asset Management Ltd acquired a new stake in shares of Hesai Group in the 3rd quarter valued at about $2,810,000. Robeco Schweiz AG increased its position in Hesai Group by 131.8% in the 3rd quarter. Robeco Schweiz AG now owns 881,000 shares of the company's stock valued at $24,756,000 after buying an additional 501,000 shares in the last quarter. Finally, Aberdeen Group plc bought a new stake in Hesai Group in the 3rd quarter valued at about $38,241,000. 48.53% of the stock is owned by institutional investors.

Hesai Group Trading Up 0.4%

NASDAQ HSAI opened at $20.71 on Tuesday. The company has a current ratio of 3.73, a quick ratio of 3.38 and a debt-to-equity ratio of 0.03. The business has a fifty day simple moving average of $24.26 and a 200 day simple moving average of $23.74. Hesai Group Sponsored ADR has a 12 month low of $10.41 and a 12 month high of $30.85. The firm has a market capitalization of $2.90 billion, a P/E ratio of 51.78 and a beta of 1.46.

Hesai Group (NASDAQ:HSAI - Get Free Report) last posted its earnings results on Saturday, February 14th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $143.00 million during the quarter. Hesai Group had a net margin of 14.47% and a return on equity of 6.63%. On average, analysts predict that Hesai Group Sponsored ADR will post -0.14 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on HSAI. BNP Paribas Exane initiated coverage on Hesai Group in a report on Thursday, March 26th. They issued an "outperform" rating on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of Hesai Group in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Hesai Group presently has a consensus rating of "Buy" and an average target price of $29.96.

Hesai Group Profile

Hesai Group is a technology company specializing in the development and production of advanced LiDAR (Light Detection and Ranging) sensors and perception software platforms for autonomous vehicles, robotics, industrial automation and mapping applications. The company’s core business centers on delivering high-performance, high-reliability LiDAR solutions designed to enable precise three-dimensional sensing and real-time environment perception. Hesai’s product lineup spans mechanical rotating LiDAR units, solid-state and MEMS-based sensors, as well as integrated software stacks for object detection, tracking and data fusion.

Founded in 2014 by a team of laser sensing and robotics researchers, Hesai built its reputation on improving range, resolution and reliability of LiDAR systems while driving down cost and size.

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