Lighthouse Investment Partners LLC Invests $1.98 Million in EHang Holdings Limited (NASDAQ:EH)

Lighthouse Investment Partners LLC bought a new position in EHang Holdings Limited (NASDAQ:EH - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 125,556 shares of the company's stock, valued at approximately $1,977,000. Lighthouse Investment Partners LLC owned 0.20% of EHang as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in EH. Baader Bank Aktiengesellschaft raised its position in shares of EHang by 22.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock worth $2,803,000 after purchasing an additional 33,000 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of EHang in the 4th quarter worth about $431,000. Vanguard Group Inc. raised its position in shares of EHang by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company's stock worth $26,003,000 after purchasing an additional 56,652 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of EHang in the 4th quarter worth about $79,000. Finally, Norges Bank purchased a new position in shares of EHang in the 4th quarter worth about $3,809,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Daiwa Capital Markets assumed coverage on shares of EHang in a research report on Wednesday, April 2nd. They set a "buy" rating and a $30.00 price target for the company. Bank of America began coverage on shares of EHang in a report on Wednesday. They issued a "buy" rating and a $26.00 target price for the company. Deutsche Bank Aktiengesellschaft raised shares of EHang from a "hold" rating to a "buy" rating and cut their price objective for the company from $22.00 to $20.00 in a report on Monday, April 14th. Jefferies Financial Group started coverage on shares of EHang in a report on Monday, May 5th. They set a "buy" rating and a $30.40 price objective for the company. Finally, Daiwa America raised shares of EHang to a "strong-buy" rating in a report on Tuesday, April 1st. Seven investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, EHang currently has a consensus rating of "Buy" and an average target price of $25.68.

EHang Trading Down 0.4%

EH traded down $0.07 during mid-day trading on Friday, hitting $19.02. 922,573 shares of the stock were exchanged, compared to its average volume of 1,649,233. The firm's fifty day moving average is $18.68 and its two-hundred day moving average is $18.00. EHang Holdings Limited has a 1-year low of $10.40 and a 1-year high of $29.76. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.37 billion, a PE ratio of -35.22 and a beta of 1.10.

EHang Company 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.