Headlands Technologies LLC Increases Holdings in EHang Holdings Limited (NASDAQ:EH)

Headlands Technologies LLC increased its stake in EHang Holdings Limited (NASDAQ:EH) by 2,080.4% in the 4th quarter, HoldingsChannel reports. The fund owned 57,977 shares of the company’s stock after acquiring an additional 55,318 shares during the period. Headlands Technologies LLC’s holdings in EHang were worth $913,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Quantbot Technologies LP grew its holdings in EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after purchasing an additional 4,101 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in EHang in the fourth quarter worth about $79,000. Point72 Asset Management L.P. purchased a new position in shares of EHang during the third quarter valued at approximately $104,000. Point72 Hong Kong Ltd purchased a new stake in shares of EHang in the third quarter worth approximately $118,000. Finally, State Street Corp lifted its stake in shares of EHang by 1.2% during the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company’s stock worth $18,370,000 after acquiring an additional 15,781 shares during the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

EHang Stock Down 0.3 %

Shares of NASDAQ:EH opened at $19.78 on Thursday. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $21.72 and its 200 day moving average is $17.68. The stock has a market cap of $1.26 billion, a P/E ratio of -36.63 and a beta of 0.91. EHang Holdings Limited has a 52-week low of $10.40 and a 52-week high of $29.76.

Analysts Set New Price Targets

EH has been the topic of several research analyst reports. 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 began coverage on shares of EHang in a research note on Wednesday. They set a “buy” rating and a $30.00 target price for the company. Five investment analysts have rated the stock with a buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $26.50.

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.