Schonfeld Strategic Advisors LLC Takes Position in EHang Holdings Limited (NASDAQ:EH)

Schonfeld Strategic Advisors LLC acquired a new position in shares of EHang Holdings Limited (NASDAQ:EH - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,423 shares of the company's stock, valued at approximately $369,000.

Other large investors have also made changes to their positions in the company. Norges Bank acquired a new position in EHang in the fourth quarter valued at about $3,809,000. SBI Securities Co. Ltd. acquired a new position in EHang during the 4th quarter valued at about $431,000. Headlands Technologies LLC grew its holdings in EHang by 2,080.4% during the 4th quarter. Headlands Technologies LLC now owns 57,977 shares of the company's stock worth $913,000 after acquiring an additional 55,318 shares during the period. Marshall Wace LLP lifted its stake in EHang by 20.9% in the fourth quarter. Marshall Wace LLP now owns 101,966 shares of the company's stock valued at $1,605,000 after buying an additional 17,614 shares during the period. Finally, Baader Bank Aktiengesellschaft grew its holdings in EHang by 22.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock valued at $2,803,000 after purchasing an additional 33,000 shares during the period. Institutional investors and hedge funds own 94.03% of the company's stock.

Analyst Upgrades and Downgrades

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

EHang Trading Up 3.3%

EH traded up $0.63 during midday trading on Wednesday, hitting $19.87. 1,539,935 shares of the company were exchanged, compared to its average volume of 1,653,949. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. EHang Holdings Limited has a 1-year low of $10.40 and a 1-year high of $29.76. The firm's 50 day moving average price is $18.85 and its 200-day moving average price is $17.97. The firm has a market capitalization of $1.43 billion, a P/E ratio of -36.80 and a beta of 1.10.

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.