Axim Planning & Wealth Sells 88,912 Shares of EHang Holdings Limited (NASDAQ:EH)

Axim Planning & Wealth cut its stake in EHang Holdings Limited (NASDAQ:EH) by 1.9% in the third quarter, Holdings Channel reports. The fund owned 4,604,908 shares of the company’s stock after selling 88,912 shares during the period. EHang accounts for about 73.3% of Axim Planning & Wealth’s portfolio, making the stock its largest holding. Axim Planning & Wealth owned 0.07% of EHang worth $65,113,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its position in EHang by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock worth $32,166,000 after acquiring an additional 8,228 shares during the period. SteelPeak Wealth LLC grew its holdings in shares of EHang by 70.7% during the 3rd quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock worth $949,000 after purchasing an additional 27,805 shares during the period. Baader Bank Aktiengesellschaft acquired a new stake in shares of EHang during the 2nd quarter worth about $883,000. DNB Asset Management AS raised its holdings in EHang by 24.9% in the 2nd quarter. DNB Asset Management AS now owns 40,992 shares of the company’s stock valued at $557,000 after buying an additional 8,174 shares during the period. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in EHang by 13.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 37,519 shares of the company’s stock valued at $510,000 after buying an additional 4,353 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Trading Up 9.7 %

NASDAQ EH opened at $17.38 on Thursday. EHang Holdings Limited has a one year low of $9.51 and a one year high of $22.98. The firm has a 50 day simple moving average of $15.21 and a 200-day simple moving average of $14.94. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -30.69 and a beta of 0.99. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.99 and a current ratio of 2.12.

EHang (NASDAQ:EH) last announced its quarterly earnings data on Thursday, August 22nd. The company reported ($0.14) earnings per share (EPS) for the quarter. EHang had a negative net margin of 110.21% and a negative return on equity of 84.09%. The company had revenue of $14.04 million during the quarter. During the same quarter in the prior year, the firm posted ($0.18) EPS. Equities research analysts anticipate that EHang Holdings Limited will post -0.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. China Renaissance initiated coverage on shares of EHang in a research report on Tuesday, September 24th. They set a “buy” rating for the company. UBS Group began coverage on shares of EHang in a report on Wednesday, August 28th. They issued a “buy” rating and a $22.00 target price for the company.

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.