Lighthouse Investment Partners LLC Acquires New Stake in EHang Holdings Limited (NASDAQ:EH)

Lighthouse Investment Partners LLC purchased a new position in shares of EHang Holdings Limited (NASDAQ:EH - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 125,556 shares of the company's stock, valued at approximately $1,977,000. Lighthouse Investment Partners LLC owned approximately 0.20% of EHang as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of EH. Natixis bought a new stake in EHang in the 4th quarter valued at about $25,000. Tower Research Capital LLC TRC grew its stake in EHang by 247.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company's stock valued at $33,000 after acquiring an additional 1,472 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of EHang during the fourth quarter valued at approximately $79,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of EHang during the fourth quarter worth approximately $369,000. Finally, Electron Capital Partners LLC acquired a new position in shares of EHang during the fourth quarter worth approximately $423,000. 94.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded EHang from a "hold" rating to a "buy" rating and cut their price target for the company from $22.00 to $20.00 in a research note on Monday, April 14th. Bank of America initiated coverage on EHang in a report on Wednesday, May 14th. They issued a "buy" rating and a $26.00 target price on the stock. Jefferies Financial Group started coverage on EHang in a report on Monday, May 5th. They set a "buy" rating and a $30.40 price target for the company. Daiwa Capital Markets assumed coverage on EHang in a research report on Wednesday, April 2nd. They issued a "buy" rating and a $30.00 price target for the company. Finally, Daiwa America upgraded EHang to a "strong-buy" rating in a research note on Tuesday, April 1st. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $25.68.

EHang Stock Performance

Shares of EH traded down $0.79 on Monday, reaching $18.23. 1,375,989 shares of the company's stock traded hands, compared to its average volume of 1,647,602. The stock's 50 day simple moving average is $18.68 and its two-hundred day simple moving average is $18.01. The stock has a market cap of $1.31 billion, a PE ratio of -33.67 and a beta of 1.10. EHang Holdings Limited has a 52-week low of $10.40 and a 52-week 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.

About EHang

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.