Comerica Bank Grows Stock Position in EHang Holdings Limited (NASDAQ:EH)

Comerica Bank lifted its position in EHang Holdings Limited (NASDAQ:EH) by 685.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,264 shares of the company’s stock after purchasing an additional 1,103 shares during the period. Comerica Bank’s holdings in EHang were worth $26,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of EH. Axim Planning & Wealth grew its holdings in EHang by 6.9% in the 1st quarter. Axim Planning & Wealth now owns 4,173,087 shares of the company’s stock valued at $85,840,000 after buying an additional 270,677 shares in the last quarter. Carmignac Gestion raised its holdings in shares of EHang by 1.3% in the 4th quarter. Carmignac Gestion now owns 1,893,323 shares of the company’s stock valued at $31,813,000 after buying an additional 24,113 shares during the period. Vanguard Group Inc. lifted its position in shares of EHang by 0.5% during the first quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock worth $32,166,000 after purchasing an additional 8,228 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in EHang by 39.4% during the 4th quarter. Quadrature Capital Ltd now owns 76,970 shares of the company’s stock worth $1,294,000 after buying an additional 21,772 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in EHang by 34.3% in the first quarter. GSA Capital Partners LLP now owns 48,370 shares of the company’s stock valued at $995,000 after purchasing an additional 12,355 shares during the period. 94.03% of the stock is owned by hedge funds and other institutional investors.

EHang Stock Up 1.4 %

EH stock opened at $11.98 on Tuesday. The company has a market cap of $760.48 million, a P/E ratio of -19.31 and a beta of 1.01. The company has a current ratio of 1.97, a quick ratio of 1.69 and a debt-to-equity ratio of 0.07. The company’s 50-day moving average price is $13.46 and its 200 day moving average price is $14.78. EHang Holdings Limited has a 52 week low of $9.51 and a 52 week high of $25.78.

EHang (NASDAQ:EH) last issued its quarterly earnings results on Monday, May 20th. The company reported ($0.14) EPS for the quarter. The firm had revenue of $8.55 million for the quarter. EHang had a negative return on equity of 145.90% and a negative net margin of 176.72%. On average, research analysts expect that EHang Holdings Limited will post -0.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Morgan Stanley initiated coverage on shares of EHang in a research note on Monday, May 6th. They set an “overweight” rating and a $27.50 target price for the company.

EHang 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.