Eleva Capital SAS Takes Position in EHang Holdings Limited Unsponsored ADR $EH

Eleva Capital SAS acquired a new stake in shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 46,336 shares of the company’s stock, valued at approximately $804,000. Eleva Capital SAS owned about 0.06% of EHang at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Y Intercept Hong Kong Ltd bought a new position in shares of EHang during the 2nd quarter valued at about $811,000. Caitong International Asset Management Co. Ltd boosted its holdings in EHang by 3,147.8% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 6,528 shares of the company’s stock valued at $113,000 after acquiring an additional 6,327 shares during the period. SteelPeak Wealth LLC purchased a new stake in EHang during the 2nd quarter valued at about $857,000. Goldman Sachs Group Inc. boosted its holdings in EHang by 11.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 125,781 shares of the company’s stock valued at $2,628,000 after acquiring an additional 13,376 shares during the period. Finally, KADENSA CAPITAL Ltd boosted its holdings in EHang by 585.4% during the 1st quarter. KADENSA CAPITAL Ltd now owns 759,180 shares of the company’s stock valued at $15,859,000 after acquiring an additional 648,412 shares during the period. 94.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on EH. JPMorgan Chase & Co. began coverage on EHang in a report on Thursday, August 21st. They set an “overweight” rating and a $26.00 target price for the company. Weiss Ratings restated a “sell (d-)” rating on shares of EHang in a report on Wednesday, October 8th. Wall Street Zen upgraded EHang from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Dbs Bank began coverage on EHang in a report on Thursday, October 2nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, EHang presently has an average rating of “Moderate Buy” and an average price target of $26.08.

EHang Stock Performance

Shares of EH stock opened at $18.41 on Friday. The stock has a fifty day moving average of $17.50 and a 200 day moving average of $17.42. EHang Holdings Limited Unsponsored ADR has a 52 week low of $12.02 and a 52 week high of $29.76. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -36.82 and a beta of 1.12. The company has a quick ratio of 2.32, a current ratio of 2.50 and a debt-to-equity ratio of 0.06.

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.