7,653,252 Shares in Hesai Group (NASDAQ:HSAI) Acquired by Robert Bosch GmbH

Robert Bosch GmbH bought a new position in shares of Hesai Group (NASDAQ:HSAI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,653,252 shares of the company's stock, valued at approximately $105,768,000. Hesai Group makes up 29.7% of Robert Bosch GmbH's investment portfolio, making the stock its 2nd largest holding. Robert Bosch GmbH owned about 6.02% of Hesai Group at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Jane Street Group LLC lifted its holdings in shares of Hesai Group by 11.9% during the 3rd quarter. Jane Street Group LLC now owns 48,943 shares of the company's stock worth $230,000 after acquiring an additional 5,186 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of Hesai Group in the 4th quarter valued at $138,000. Hsbc Holdings PLC bought a new position in shares of Hesai Group in the 4th quarter valued at $159,000. Landscape Capital Management L.L.C. acquired a new position in shares of Hesai Group during the 4th quarter worth $168,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Hesai Group during the 4th quarter worth $177,000. 48.53% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on HSAI shares. Daiwa America upgraded Hesai Group to a "strong-buy" rating in a research report on Tuesday, March 11th. Daiwa Capital Markets started coverage on shares of Hesai Group in a report on Tuesday, March 11th. They set a "buy" rating and a $35.00 price target on the stock. Morgan Stanley downgraded shares of Hesai Group from an "overweight" rating to an "equal weight" rating and increased their price objective for the company from $5.80 to $15.00 in a research note on Monday, January 13th. Finally, The Goldman Sachs Group upgraded shares of Hesai Group from a "neutral" rating to a "buy" rating and raised their target price for the company from $5.50 to $18.40 in a research report on Tuesday, January 14th.

Hesai Group Trading Up 1.8 %

Shares of Hesai Group stock traded up $0.27 on Friday, hitting $15.30. The stock had a trading volume of 2,167,044 shares, compared to its average volume of 2,300,628. The stock has a 50 day moving average of $16.43 and a 200 day moving average of $12.53. The firm has a market capitalization of $2.01 billion, a P/E ratio of -34.77, a PEG ratio of 1.44 and a beta of 1.35. Hesai Group has a twelve month low of $3.52 and a twelve month high of $24.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.65 and a current ratio of 3.08.

Hesai Group Profile

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.