Oasis Management Co Ltd. decreased its holdings in Hesai Group (NASDAQ:HSAI - Free Report) by 30.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 70,000 shares of the company's stock after selling 30,000 shares during the quarter. Oasis Management Co Ltd. owned 0.06% of Hesai Group worth $967,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Renaissance Technologies LLC bought a new position in Hesai Group in the fourth quarter worth approximately $138,000. Hsbc Holdings PLC bought a new position in Hesai Group in the 4th quarter worth $159,000. Landscape Capital Management L.L.C. bought a new position in Hesai Group in the 4th quarter worth $168,000. Fox Run Management L.L.C. purchased a new position in Hesai Group during the fourth quarter valued at $177,000. Finally, Oberweis Asset Management Inc. bought a new stake in Hesai Group during the fourth quarter valued at about $387,000. 48.53% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
HSAI has been the topic of several recent research reports. Daiwa Capital Markets assumed coverage on Hesai Group in a research note on Tuesday, March 11th. They issued a "buy" rating and a $35.00 price objective on the stock. Daiwa America upgraded shares of Hesai Group to a "strong-buy" rating in a research note on Tuesday, March 11th.
View Our Latest Stock Report on Hesai Group
Hesai Group Price Performance
HSAI stock traded up $0.32 during trading on Friday, reaching $17.68. The company's stock had a trading volume of 6,788,474 shares, compared to its average volume of 2,602,875. The company's fifty day moving average is $16.27 and its 200-day moving average is $13.85. Hesai Group has a 1 year low of $3.52 and a 1 year high of $24.18. The company has a market capitalization of $2.32 billion, a P/E ratio of -40.18, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18. The company has a quick ratio of 2.65, a current ratio of 3.08 and a debt-to-equity ratio of 0.08.
Hesai Group Profile
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Free Report)
Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.
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