EHang Holdings Limited Unsponsored ADR $EH Shares Purchased by Caitong International Asset Management Co. Ltd

Caitong International Asset Management Co. Ltd boosted its holdings in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) by 3,147.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,528 shares of the company’s stock after buying an additional 6,327 shares during the period. Caitong International Asset Management Co. Ltd’s holdings in EHang were worth $113,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Eschler Asset Management LLP acquired a new position in shares of EHang in the 1st quarter valued at about $292,000. Penserra Capital Management LLC acquired a new position in shares of EHang in the 1st quarter valued at about $405,000. Trexquant Investment LP acquired a new position in shares of EHang in the 1st quarter valued at about $615,000. Electron Capital Partners LLC lifted its stake in shares of EHang by 34.0% in the 1st quarter. Electron Capital Partners LLC now owns 36,000 shares of the company’s stock valued at $752,000 after purchasing an additional 9,134 shares in the last quarter. Finally, Cetera Investment Advisers acquired a new position in shares of EHang in the 1st quarter valued at about $754,000. 94.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EH shares. JPMorgan Chase & Co. started coverage on EHang in a research note on Thursday, August 21st. They issued an “overweight” rating and a $26.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EHang in a research note on Friday. Wall Street Zen raised EHang from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Dbs Bank started coverage on EHang in a research note on Thursday, October 2nd. They issued a “buy” rating on the stock. One equities research 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $26.08.

EHang Stock Performance

Shares of NASDAQ:EH opened at $17.56 on Friday. The company has a market cap of $1.26 billion, a P/E ratio of -35.12 and a beta of 1.12. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.32 and a current ratio of 2.50. EHang Holdings Limited Unsponsored ADR has a one year low of $12.02 and a one year high of $29.76. The business’s 50-day simple moving average is $17.45 and its 200 day simple moving average is $17.29.

EHang 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.