EHang Holdings Limited (NASDAQ:EH) Shares Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC boosted its position in shares of EHang Holdings Limited (NASDAQ:EH) by 70.7% in the third quarter, HoldingsChannel.com reports. The fund owned 67,110 shares of the company’s stock after purchasing an additional 27,805 shares during the period. SteelPeak Wealth LLC’s holdings in EHang were worth $949,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of EH. XTX Topco Ltd acquired a new position in shares of EHang in the second quarter worth $383,000. Axim Planning & Wealth increased its holdings in EHang by 12.5% during the 2nd quarter. Axim Planning & Wealth now owns 4,693,820 shares of the company’s stock worth $63,742,000 after purchasing an additional 520,733 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in EHang by 13.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 37,519 shares of the company’s stock valued at $510,000 after purchasing an additional 4,353 shares in the last quarter. Baader Bank Aktiengesellschaft purchased a new position in shares of EHang in the 2nd quarter valued at about $883,000. Finally, DNB Asset Management AS grew its position in shares of EHang by 24.9% during the second quarter. DNB Asset Management AS now owns 40,992 shares of the company’s stock worth $557,000 after buying an additional 8,174 shares in the last quarter. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

EHang Price Performance

Shares of NASDAQ EH opened at $17.41 on Thursday. The stock’s 50-day simple moving average is $14.78 and its 200-day simple moving average is $14.99. The firm has a market capitalization of $1.11 billion, a PE ratio of -30.02 and a beta of 1.01. EHang Holdings Limited has a fifty-two week low of $9.51 and a fifty-two week high of $22.98. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.99 and a current ratio of 2.12.

EHang (NASDAQ:EH) last released its quarterly earnings data on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. EHang had a negative return on equity of 84.09% and a negative net margin of 110.21%. The company had revenue of $14.04 million for the quarter. During the same quarter in the prior year, the firm posted ($0.18) earnings per share. As a group, equities research analysts forecast that EHang Holdings Limited will post -0.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. UBS Group initiated coverage on shares of EHang in a report on Wednesday, August 28th. They issued a “buy” rating and a $22.00 target price on the stock. China Renaissance assumed coverage on shares of EHang in a research report on Tuesday, September 24th. They set a “buy” rating for the company.

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.