Trexquant Investment LP Acquires Shares of 29,455 EHang Holdings Limited Unsponsored ADR $EH

Key Points

• Trexquant Investment LP has invested approximately $615,000 in EHang Holdings, acquiring 29,455 shares during the first quarter.
• Institutional investors now own 94.03% of EHang's stock, with several funds, including Lighthouse Investment Partners and Cubist Systematic Strategies, significantly increasing their positions.
• Analysts have set a consensus target price of $26.08 for EHang, with ratings reflecting a general bullish sentiment towards the company's growth potential.

Trexquant Investment LP acquired a new position in shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 29,455 shares of the company's stock, valued at approximately $615,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EH. Lighthouse Investment Partners LLC acquired a new stake in shares of EHang during the fourth quarter valued at approximately $1,977,000. Cubist Systematic Strategies LLC boosted its stake in shares of EHang by 151.2% in the 4th 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 last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of EHang by 4.0% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 73,182 shares of the company's stock valued at $1,529,000 after buying an additional 2,790 shares in the last quarter. Robeco Institutional Asset Management B.V. bought a new position in EHang during the first quarter worth $1,207,000. Finally, Invesco Ltd. raised its stake in EHang by 3.8% in the first quarter. Invesco Ltd. now owns 41,317 shares of the company's stock valued at $863,000 after purchasing an additional 1,497 shares in the last quarter. 94.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on EH. JPMorgan Chase & Co. assumed coverage on EHang in a research report on Thursday, August 21st. They set an "overweight" rating and a $26.00 target price on the stock. Bank of America decreased their price target on EHang from $26.00 to $24.00 and set a "buy" rating for the company in a research note on Tuesday, May 27th. One analyst has rated the stock with a Strong Buy rating and seven have issued a Buy rating to the company. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $26.08.

EHang Stock Up 3.1%

Shares of EH traded up $0.48 during trading hours on Thursday, hitting $16.19. The company had a trading volume of 646,665 shares, compared to its average volume of 1,750,919. EHang Holdings Limited Unsponsored ADR has a 52-week low of $11.65 and a 52-week high of $29.76. The firm has a fifty day moving average price of $17.47 and a 200-day moving average price of $18.15. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.32 and a current ratio of 2.50. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -32.40 and a beta of 1.16.

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.