First Trust Bank Ltd. Purchases Shares of 90,595 Hesai Group Sponsored ADR $HSAI

Posted by Brenda Bartman on Aug 22nd, 2026

First Trust Bank Ltd. bought a new stake in shares of Hesai Group Sponsored ADR (NASDAQ:HSAI – Free Report) in the 2nd quarter, HoldingsChannel reports. The firm bought 90,595 shares of the company’s stock, valued at approximately $1,650,641,000. Hesai Group accounts for about 3.3% of First Trust Bank Ltd.’s investment portfolio, making the stock its 7th largest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. increased its stake in Hesai Group by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 4,106,432 shares of the company’s stock valued at $91,984,000 after acquiring an additional 28,102 shares during the last quarter. Schroder Investment Management Group lifted its stake in Hesai Group by 17,419.6% during the fourth quarter. Schroder Investment Management Group now owns 2,065,906 shares of the company’s stock worth $46,276,000 after purchasing an additional 2,054,114 shares during the last quarter. Wellington Management Group LLP lifted its stake in Hesai Group by 2.1% during the fourth quarter. Wellington Management Group LLP now owns 1,888,544 shares of the company’s stock worth $42,303,000 after purchasing an additional 38,312 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Hesai Group by 124.6% in the 4th quarter. Deutsche Bank AG now owns 1,624,870 shares of the company’s stock worth $36,397,000 after purchasing an additional 901,370 shares in the last quarter. Finally, National Bank of Canada FI boosted its holdings in shares of Hesai Group by 108.4% in the 3rd quarter. National Bank of Canada FI now owns 1,482,116 shares of the company’s stock worth $41,647,000 after purchasing an additional 770,816 shares in the last quarter. Hedge funds and other institutional investors own 48.53% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on HSAI. Weiss Ratings upgraded shares of Hesai Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday. Wall Street Zen cut Hesai Group from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $29.75.

Read Our Latest Analysis on Hesai Group

Hesai Group Stock Performance

Hesai Group stock opened at $19.10 on Friday. The stock’s 50 day simple moving average is $16.86 and its two-hundred day simple moving average is $20.69. The company has a debt-to-equity ratio of 0.03, a quick ratio of 4.52 and a current ratio of 5.37. The stock has a market cap of $2.67 billion, a price-to-earnings ratio of 46.59, a PEG ratio of 0.80 and a beta of 1.37. Hesai Group Sponsored ADR has a fifty-two week low of $14.29 and a fifty-two week high of $30.85.

Hesai Group (NASDAQ:HSAI – Get Free Report) last announced its quarterly earnings data on Tuesday, August 18th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.06). Hesai Group had a net margin of 14.77% and a return on equity of 5.52%. The firm had revenue of $126.70 million for the quarter, compared to analysts’ expectations of $126.00 million. As a group, analysts expect that Hesai Group Sponsored ADR will post 0.62 earnings per share for the current fiscal year.

Hesai Group Company Profile

(Free Report)

Hesai Group is a technology company specializing in the development and production of advanced LiDAR (Light Detection and Ranging) sensors and perception software platforms for autonomous vehicles, robotics, industrial automation and mapping applications. The company’s core business centers on delivering high-performance, high-reliability LiDAR solutions designed to enable precise three-dimensional sensing and real-time environment perception. Hesai’s product lineup spans mechanical rotating LiDAR units, solid-state and MEMS-based sensors, as well as integrated software stacks for object detection, tracking and data fusion.

Founded in 2014 by a team of laser sensing and robotics researchers, Hesai built its reputation on improving range, resolution and reliability of LiDAR systems while driving down cost and size.