Headlands Technologies LLC Has $609,000 Position in WeRide Inc. $WRD

Headlands Technologies LLC increased its position in shares of WeRide Inc. (NASDAQ:WRDFree Report) by 586.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 104,585 shares of the company’s stock after purchasing an additional 89,347 shares during the period. Headlands Technologies LLC’s holdings in WeRide were worth $609,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in WRD. NewEdge Advisors LLC acquired a new position in WeRide during the first quarter valued at approximately $27,000. JPMorgan Chase & Co. acquired a new stake in shares of WeRide in the 2nd quarter valued at $30,000. Blue Trust Inc. bought a new position in shares of WeRide in the 1st quarter valued at $34,000. Leonteq Securities AG bought a new position in shares of WeRide in the 4th quarter valued at $36,000. Finally, Daiwa Securities Group Inc. acquired a new position in shares of WeRide during the 4th quarter worth $65,000.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on WRD. Bank of America restated a “buy” rating and set a $10.70 price objective on shares of WeRide in a research report on Friday, August 14th. Morgan Stanley reissued an “overweight” rating and set a $12.00 target price on shares of WeRide in a research note on Wednesday, August 19th. Weiss Ratings raised shares of WeRide from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 26th. Finally, Wall Street Zen downgraded shares of WeRide from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Seven research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $12.27.

Get Our Latest Stock Report on WRD

WeRide Stock Up 1.9%

Shares of NASDAQ:WRD opened at $5.77 on Thursday. The company has a fifty day moving average of $5.85 and a 200-day moving average of $6.72. The company has a market capitalization of $1.79 billion, a PE ratio of -7.69 and a beta of 1.89. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.00 and a current ratio of 5.36. WeRide Inc. has a 52-week low of $5.18 and a 52-week high of $12.55.

WeRide (NASDAQ:WRDGet Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The company reported ($0.18) EPS for the quarter. WeRide had a negative net margin of 199.09% and a negative return on equity of 24.12%. The firm had revenue of $34.11 million during the quarter. On average, equities analysts predict that WeRide Inc. will post -0.67 EPS for the current fiscal year.

WeRide Profile

(Free Report)

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.

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Institutional Ownership by Quarter for WeRide (NASDAQ:WRD)

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