Cubist Systematic Strategies LLC Raises Stock Position in EHang Holdings Limited (NASDAQ:EH)

Cubist Systematic Strategies LLC increased its holdings in shares of EHang Holdings Limited (NASDAQ:EH) by 151.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,855 shares of the company’s stock after purchasing an additional 66,724 shares during the period. Cubist Systematic Strategies LLC’s holdings in EHang were worth $1,745,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Natixis acquired a new position in EHang during the fourth quarter worth about $25,000. Tower Research Capital LLC TRC lifted its holdings in shares of EHang by 247.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock worth $33,000 after acquiring an additional 1,472 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of EHang in the 4th quarter worth approximately $79,000. Schonfeld Strategic Advisors LLC purchased a new stake in EHang during the 4th quarter worth approximately $369,000. Finally, Electron Capital Partners LLC purchased a new stake in EHang during the 4th quarter worth approximately $423,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Trading Up 4.2%

Shares of EH opened at $19.22 on Tuesday. The firm’s 50-day moving average is $18.92 and its two-hundred day moving average is $17.96. The firm has a market capitalization of $1.38 billion, a P/E ratio of -35.59 and a beta of 1.10. EHang Holdings Limited has a twelve month low of $10.40 and a twelve month high of $29.76. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Jefferies Financial Group assumed coverage on shares of EHang in a research report on Monday, May 5th. They issued a “buy” rating and a $30.40 price objective on the stock. Deutsche Bank Aktiengesellschaft raised shares of EHang from a “hold” rating to a “buy” rating and dropped their price objective for the company from $22.00 to $20.00 in a research report on Monday, April 14th. Daiwa Capital Markets assumed coverage on shares of EHang in a research report on Wednesday, April 2nd. They issued a “buy” rating and a $30.00 price objective on the stock. Finally, Daiwa America raised shares of EHang to a “strong-buy” rating in a research report on Tuesday, April 1st. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, EHang has an average rating of “Buy” and an average target price of $25.60.

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.