Schonfeld Strategic Advisors LLC Invests $369,000 in EHang Holdings Limited (NASDAQ:EH)

Schonfeld Strategic Advisors LLC purchased a new position in shares of EHang Holdings Limited (NASDAQ:EH) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 23,423 shares of the company’s stock, valued at approximately $369,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Natixis acquired a new stake in EHang in the 4th quarter valued at about $25,000. Tower Research Capital LLC TRC grew its stake in EHang by 247.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock valued at $33,000 after acquiring an additional 1,472 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in EHang in the 4th quarter valued at about $79,000. Electron Capital Partners LLC acquired a new stake in EHang in the 4th quarter valued at about $423,000. Finally, SBI Securities Co. Ltd. acquired a new stake in EHang in the 4th quarter valued at about $431,000. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on EH. Deutsche Bank Aktiengesellschaft raised shares of EHang from a “hold” rating to a “buy” rating and lowered their price objective for the company from $22.00 to $20.00 in a research note on Monday, April 14th. Daiwa Capital Markets began coverage on shares of EHang in a report on Wednesday, April 2nd. They issued a “buy” rating and a $30.00 target price on the stock. Jefferies Financial Group began coverage on shares of EHang in a report on Monday, May 5th. They issued a “buy” rating and a $30.40 target price on the stock. Finally, Daiwa America upgraded shares of EHang to a “strong-buy” rating in a report on Tuesday, April 1st. Six investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $25.60.

EHang Trading Down 2.4%

Shares of EH stock opened at $18.41 on Monday. The firm has a market cap of $1.32 billion, a P/E ratio of -34.09 and a beta of 1.10. EHang Holdings Limited has a 1-year low of $10.40 and a 1-year high of $29.76. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The firm’s 50-day simple moving average is $19.01 and its 200-day simple moving average is $17.94.

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.