Caitong International Asset Management Co. Ltd Boosts Stock Position in EHang Holdings Limited Unsponsored ADR $EH

Caitong International Asset Management Co. Ltd boosted its holdings in shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) by 3,147.8% during the 2nd quarter, Holdings Channel.com reports. The firm owned 6,528 shares of the company’s stock after purchasing an additional 6,327 shares during the quarter. Caitong International Asset Management Co. Ltd’s holdings in EHang were worth $113,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eschler Asset Management LLP purchased a new stake in EHang during the 1st quarter worth approximately $292,000. Penserra Capital Management LLC purchased a new stake in EHang during the 1st quarter worth approximately $405,000. Trexquant Investment LP purchased a new stake in EHang during the 1st quarter worth approximately $615,000. Electron Capital Partners LLC increased its holdings in EHang by 34.0% during the 1st quarter. Electron Capital Partners LLC now owns 36,000 shares of the company’s stock worth $752,000 after purchasing an additional 9,134 shares during the last quarter. Finally, Cetera Investment Advisers purchased a new stake in EHang during the 1st quarter worth approximately $754,000. 94.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on EH. Dbs Bank began coverage on EHang in a report on Thursday, October 2nd. They set a “buy” rating on the stock. JPMorgan Chase & Co. began coverage on EHang in a report on Thursday, August 21st. They issued an “overweight” rating and a $26.00 price target for the company. Wall Street Zen upgraded EHang from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of EHang in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $26.08.

EHang Trading Down 1.3%

NASDAQ:EH opened at $17.56 on Friday. EHang Holdings Limited Unsponsored ADR has a 12-month low of $12.02 and a 12-month high of $29.76. The firm has a market capitalization 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 current ratio of 2.50 and a quick ratio of 2.32. The business has a 50 day simple moving average of $17.45 and a 200 day simple moving average of $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.