XTX Topco Ltd bought a new position in shares of Hesai Group (NASDAQ:HSAI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 29,921 shares of the company's stock, valued at approximately $414,000.
A number of other hedge funds also recently bought and sold shares of HSAI. Renaissance Technologies LLC acquired a new position in shares of Hesai Group during the 4th quarter worth about $138,000. Landscape Capital Management L.L.C. acquired a new position in shares of Hesai Group during the fourth quarter worth approximately $168,000. Trexquant Investment LP bought a new stake in shares of Hesai Group in the fourth quarter valued at approximately $1,667,000. Geode Capital Management LLC grew its stake in shares of Hesai Group by 366.0% in the fourth quarter. Geode Capital Management LLC now owns 47,700 shares of the company's stock worth $659,000 after acquiring an additional 37,464 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Hesai Group in the fourth quarter worth $1,494,000. 48.53% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on HSAI shares. Morgan Stanley downgraded shares of Hesai Group from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $5.80 to $15.00 in a report on Monday, January 13th. The Goldman Sachs Group upgraded Hesai Group from a "neutral" rating to a "buy" rating and boosted their price target for the company from $5.50 to $18.40 in a research note on Tuesday, January 14th. Daiwa America raised Hesai Group to a "strong-buy" rating in a report on Tuesday, March 11th. Finally, Daiwa Capital Markets started coverage on Hesai Group in a research report on Tuesday, March 11th. They issued a "buy" rating and a $35.00 target price for the company.
Read Our Latest Analysis on Hesai Group
Hesai Group Price Performance
NASDAQ:HSAI traded up $0.27 during trading hours on Friday, reaching $15.30. The company had a trading volume of 2,167,044 shares, compared to its average volume of 2,300,628. The firm has a market capitalization of $2.01 billion, a PE ratio of -34.77, a PEG ratio of 1.44 and a beta of 1.35. The stock has a 50-day moving average of $16.43 and a two-hundred day moving average of $12.58. Hesai Group has a one year low of $3.52 and a one year high of $24.18. The company has a quick ratio of 2.65, a current ratio of 3.08 and a debt-to-equity ratio of 0.08.
About Hesai Group
(
Free Report)
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.
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