Headlands Technologies LLC Acquires 55,318 Shares of EHang Holdings Limited (NASDAQ:EH)

Headlands Technologies LLC grew its holdings in EHang Holdings Limited (NASDAQ:EH) by 2,080.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,977 shares of the company’s stock after acquiring an additional 55,318 shares during the period. Headlands Technologies LLC owned 0.09% of EHang worth $913,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EH. Quantbot Technologies LP grew its stake in shares of EHang by 78.2% during the 3rd quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after acquiring an additional 4,101 shares during the period. Verition Fund Management LLC purchased a new position in EHang during the third quarter valued at approximately $508,000. Point72 Hong Kong Ltd bought a new position in shares of EHang in the third quarter worth approximately $118,000. Point72 Asset Management L.P. purchased a new stake in shares of EHang in the third quarter worth $104,000. Finally, State Street Corp raised its position in shares of EHang by 1.2% during the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company’s stock valued at $18,370,000 after purchasing an additional 15,781 shares during the period. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Stock Down 0.3 %

Shares of EH stock opened at $19.78 on Thursday. The company’s fifty day simple moving average is $21.72 and its two-hundred day simple moving average is $17.68. EHang Holdings Limited has a 52 week low of $10.40 and a 52 week high of $29.76. The stock has a market cap of $1.26 billion, a P/E ratio of -36.63 and a beta of 0.91. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

EH has been the subject of a number of analyst reports. CICC Research started coverage on EHang in a research note on Thursday, January 2nd. They issued an “outperform” rating for the company. Daiwa Capital Markets began coverage on EHang in a research report on Wednesday. They set a “buy” rating and a $30.00 target price for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $26.50.

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.