SBI Securities Co. Ltd. Invests $431,000 in EHang Holdings Limited (NASDAQ:EH)

SBI Securities Co. Ltd. bought a new position in EHang Holdings Limited (NASDAQ:EH) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 27,350 shares of the company’s stock, valued at approximately $431,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Verition Fund Management LLC purchased a new position in shares of EHang in the 3rd quarter worth approximately $508,000. Baader Bank Aktiengesellschaft boosted its stake in shares of EHang by 22.8% in the 4th 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 last quarter. State Street Corp lifted its stake in EHang by 1.2% in the third quarter. State Street Corp now owns 1,299,186 shares of the company’s stock valued at $18,370,000 after purchasing an additional 15,781 shares during the last quarter. Quantbot Technologies LP lifted its stake in EHang by 78.2% in the third 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. Finally, Point72 Asset Management L.P. purchased a new position in EHang in the third quarter valued at approximately $104,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Analysts Set New Price Targets

Separately, CICC Research started coverage on EHang in a research note on Thursday, January 2nd. They issued an “outperform” rating on the stock.

EHang Price Performance

EHang stock opened at $21.11 on Wednesday. EHang Holdings Limited has a 12 month low of $10.40 and a 12 month high of $29.76. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The business’s 50 day simple moving average is $18.74 and its 200 day simple moving average is $16.34. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -39.09 and a beta of 0.94.

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.