Stock Traders Purchase Large Volume of EHang Put Options (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH - Get Free Report) was the target of unusually large options trading activity on Friday. Stock investors purchased 13,184 put options on the company. This is an increase of 52% compared to the average daily volume of 8,670 put options.

Institutional Trading of EHang

Several hedge funds have recently made changes to their positions in EH. Baader Bank Aktiengesellschaft increased its holdings in 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 acquiring an additional 33,000 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in EHang during the fourth quarter valued at $431,000. Vanguard Group Inc. increased its position in shares of EHang by 3.6% in the fourth 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 EHang in the fourth quarter worth $79,000. Finally, Norges Bank purchased a new position in shares of EHang during the 4th quarter valued at about $3,809,000. 94.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on EH. 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 target price on the stock. Daiwa America raised EHang to a "strong-buy" rating in a research report on Tuesday, April 1st. Jefferies Financial Group started coverage on EHang in a research report on Monday, May 5th. They issued a "buy" rating and a $30.40 price objective on the stock. Bank of America decreased their target price on EHang from $26.00 to $24.00 and set a "buy" rating for the company in a research report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft upgraded EHang from a "hold" rating to a "buy" rating and lowered their target price for the stock from $22.00 to $20.00 in a research note on Monday, April 14th. Seven research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, EHang has an average rating of "Buy" and a consensus price target of $25.28.

EHang Stock Performance

EHang stock traded down $1.18 during trading on Tuesday, hitting $15.78. The stock had a trading volume of 3,517,960 shares, compared to its average volume of 1,651,963. The stock's 50 day moving average is $17.92 and its two-hundred day moving average is $18.01. EHang has a 1 year low of $10.40 and a 1 year high of $29.76. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of -29.22 and a beta of 1.10. 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 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.