Keystone Investors PTE Ltd. Boosts Holdings in WeRide Inc. $WRD

Keystone Investors PTE Ltd. lifted its stake in WeRide Inc. (NASDAQ:WRD) by 16.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 979,885 shares of the company’s stock after acquiring an additional 137,496 shares during the period. Keystone Investors PTE Ltd.’s holdings in WeRide were worth $8,505,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC purchased a new position in shares of WeRide in the 1st quarter valued at $27,000. JPMorgan Chase & Co. purchased a new position in shares of WeRide in the 2nd quarter valued at $30,000. Leonteq Securities AG purchased a new position in shares of WeRide in the 4th quarter valued at $36,000. Daiwa Securities Group Inc. purchased a new position in shares of WeRide in the 4th quarter valued at $65,000. Finally, Profund Advisors LLC purchased a new position in shares of WeRide in the 3rd quarter valued at $102,000.

WeRide Stock Down 1.9%

Shares of NASDAQ WRD opened at $6.17 on Friday. WeRide Inc. has a 52 week low of $6.01 and a 52 week high of $12.55. The firm has a 50-day moving average price of $7.48 and a 200 day moving average price of $7.85. The stock has a market capitalization of $1.93 billion, a price-to-earnings ratio of -8.23 and a beta of 1.77.

WeRide (NASDAQ:WRD) last announced its quarterly earnings data on Tuesday, March 31st. The company reported ($0.17) EPS for the quarter. WeRide had a negative net margin of 228.47% and a negative return on equity of 24.18%. The company had revenue of $16.55 million during the quarter. Equities research analysts expect that WeRide Inc. will post -0.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

WRD has been the topic of a number of recent analyst reports. BNP Paribas Exane initiated coverage on shares of WeRide in a research report on Thursday, March 26th. They issued an “outperform” rating and a $11.00 target price on the stock. Zacks Research downgraded shares of WeRide from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. HSBC started coverage on shares of WeRide in a research report on Tuesday, March 31st. They issued a “buy” rating and a $11.40 target price on the stock. The Goldman Sachs Group started coverage on shares of WeRide in a research report on Thursday, April 16th. They set a “buy” rating on the stock. Finally, Weiss Ratings downgraded shares of WeRide from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. Seven analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, WeRide currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.48.

About WeRide

WeRide Inc (NASDAQ: WRD) is a developer of autonomous driving technology focused on providing Level 4 (L4) self-driving solutions for passenger mobility and logistics. The company’s full-stack platform integrates sensors, computing hardware, software algorithms and vehicle controls to enable driverless taxis, shuttles and goods delivery vehicles. By combining perception, planning and controls in a turnkey system, WeRide aims to accelerate the commercialization of robotaxi services and autonomous fleet operations.

Founded in 2017 and headquartered in Guangzhou, China, WeRide maintains research and development centers in Silicon Valley and China.