XTX Topco Ltd Buys New Stake in EHang Holdings Limited (NASDAQ:EH)

XTX Topco Ltd bought a new stake in shares of EHang Holdings Limited (NASDAQ:EH - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 38,814 shares of the company's stock, valued at approximately $611,000. XTX Topco Ltd owned about 0.06% of EHang at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank bought a new position in EHang during the fourth quarter worth $3,809,000. SBI Securities Co. Ltd. acquired a new stake in EHang in the fourth quarter worth $431,000. Headlands Technologies LLC increased its position in EHang by 2,080.4% in the fourth quarter. Headlands Technologies LLC now owns 57,977 shares of the company's stock worth $913,000 after buying an additional 55,318 shares during the period. Baader Bank Aktiengesellschaft increased its position in EHang by 22.8% in the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company's stock worth $2,803,000 after buying an additional 33,000 shares during the period. Finally, Vanguard Group Inc. increased its position in 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 buying an additional 56,652 shares during the period. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

EHang Stock Up 2.3 %

Shares of EH traded up $0.37 during mid-day trading on Thursday, hitting $16.58. 383,404 shares of the company's stock were exchanged, compared to its average volume of 1,660,581. The firm has a fifty day moving average of $20.54 and a two-hundred day moving average of $17.87. EHang Holdings Limited has a twelve month low of $10.40 and a twelve month high of $29.76. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -30.75 and a beta of 0.99. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. CICC Research assumed coverage on EHang in a research report on Thursday, January 2nd. They issued an "outperform" rating on the stock. Daiwa Capital Markets initiated coverage on EHang in a research note on Wednesday, April 2nd. They set a "buy" rating and a $30.00 target price for the company. Deutsche Bank Aktiengesellschaft upgraded shares of EHang from a "hold" rating to a "buy" rating and reduced their price target for the company from $22.00 to $20.00 in a research report on Monday, April 14th. Finally, Daiwa America upgraded shares of EHang to a "strong-buy" rating in a research report on Tuesday, April 1st. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $24.88.

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.