EHang Holdings Limited (NASDAQ:EH) Shares Purchased by Marshall Wace LLP

Marshall Wace LLP boosted its stake in EHang Holdings Limited (NASDAQ:EH - Free Report) by 20.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 101,966 shares of the company's stock after buying an additional 17,614 shares during the quarter. Marshall Wace LLP owned approximately 0.16% of EHang worth $1,605,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new position in shares of EHang during the 4th quarter worth $79,000. SBI Securities Co. Ltd. acquired a new stake in EHang in the 4th quarter worth about $431,000. Geode Capital Management LLC grew its holdings in EHang by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company's stock valued at $437,000 after buying an additional 1,313 shares during the period. XTX Topco Ltd acquired a new position in shares of EHang during the 4th quarter valued at about $611,000. Finally, Invesco Ltd. lifted its holdings in shares of EHang by 2.9% during the 4th quarter. Invesco Ltd. now owns 39,820 shares of the company's stock worth $627,000 after acquiring an additional 1,112 shares during the period. Hedge funds and other institutional investors own 94.03% of the company's stock.

EHang Stock Up 9.4 %

NASDAQ:EH traded up $1.62 during mid-day trading on Friday, hitting $18.82. The company had a trading volume of 2,491,996 shares, compared to its average volume of 1,659,085. EHang Holdings Limited has a 1 year low of $10.40 and a 1 year high of $29.76. The business has a fifty day simple moving average of $19.41 and a 200-day simple moving average of $17.88. 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 firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -34.85 and a beta of 1.10.

Wall Street Analyst Weigh In

Several brokerages recently commented on EH. Daiwa Capital Markets began 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. Deutsche Bank Aktiengesellschaft upgraded EHang from a "hold" rating to a "buy" rating and dropped their price objective for the stock from $22.00 to $20.00 in a report on Monday, April 14th. Finally, Daiwa America upgraded EHang to a "strong-buy" rating in a report on Tuesday, April 1st. Six investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $24.88.

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.