Baader Bank Aktiengesellschaft Grows Holdings in EHang Holdings Limited (NASDAQ:EH)

Baader Bank Aktiengesellschaft increased its stake in EHang Holdings Limited (NASDAQ:EH) by 22.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 178,000 shares of the company’s stock after acquiring an additional 33,000 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in EHang were worth $2,803,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in EH. Point72 Asset Management L.P. acquired a new stake in EHang during the third quarter worth about $104,000. Point72 Hong Kong Ltd acquired a new stake in shares of EHang during the 3rd quarter worth approximately $118,000. Quantbot Technologies LP lifted its holdings in shares of EHang by 78.2% in the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock worth $132,000 after purchasing an additional 4,101 shares during the last quarter. Verition Fund Management LLC acquired a new position in EHang during the 3rd quarter valued at approximately $508,000. Finally, SteelPeak Wealth LLC grew its stake in EHang by 70.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock worth $949,000 after buying an additional 27,805 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

EHang Stock Performance

Shares of NASDAQ EH opened at $16.73 on Thursday. EHang Holdings Limited has a 12-month low of $9.51 and a 12-month high of $22.98. 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 company has a market cap of $1.06 billion, a PE ratio of -30.98 and a beta of 0.94. The stock has a 50 day simple moving average of $15.24 and a 200-day simple moving average of $14.70.

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.