Quadrature Capital Ltd Sells 11,485 Shares of EHang Holdings Limited Unsponsored ADR $EH

Quadrature Capital Ltd lessened its holdings in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) by 24.4% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,634 shares of the company’s stock after selling 11,485 shares during the period. Quadrature Capital Ltd’s holdings in EHang were worth $618,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Cetera Investment Advisers bought a new position in EHang in the 1st quarter worth about $754,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of EHang by 4.0% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 73,182 shares of the company’s stock worth $1,529,000 after purchasing an additional 2,790 shares in the last quarter. Invesco Ltd. grew its holdings in shares of EHang by 3.8% during the first quarter. Invesco Ltd. now owns 41,317 shares of the company’s stock worth $863,000 after purchasing an additional 1,497 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of EHang in the first quarter worth approximately $818,000. Finally, Trexquant Investment LP purchased a new stake in EHang in the first quarter valued at approximately $615,000. Institutional investors own 94.03% of the company’s stock.

EHang Trading Down 2.1%

EH stock opened at $13.96 on Tuesday. The company has a market capitalization of $1.00 billion, a PE ratio of -24.93 and a beta of 0.56. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.17 and a current ratio of 2.33. EHang Holdings Limited Unsponsored ADR has a one year low of $12.71 and a one year high of $29.76. The company’s 50 day moving average price is $16.96 and its two-hundred day moving average price is $17.09.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Dbs Bank assumed coverage on shares of EHang in a research note on Thursday, October 2nd. They issued a “buy” rating for the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of EHang in a report on Wednesday, October 8th. JPMorgan Chase & Co. lowered shares of EHang from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $21.00 to $13.00 in a research report on Tuesday, November 25th. Finally, Wall Street Zen downgraded EHang from a “hold” rating to a “sell” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.48.

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.