XTX Topco Ltd Acquires New Position in EHang Holdings Limited (NASDAQ:EH)

XTX Topco Ltd bought a new position in shares of EHang Holdings Limited (NASDAQ:EH) during the 4th quarter, Holdings Channel.com reports. The fund bought 38,814 shares of the company’s stock, valued at approximately $611,000.

Other large investors have also modified their holdings of the company. Invesco Ltd. grew its holdings in EHang by 2.9% in the fourth quarter. Invesco Ltd. now owns 39,820 shares of the company’s stock valued at $627,000 after purchasing an additional 1,112 shares during the last quarter. Geode Capital Management LLC grew its stake in EHang by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company’s stock valued at $437,000 after acquiring an additional 1,313 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in EHang during the 4th quarter valued at about $79,000. State Street Corp raised its position in EHang by 1.2% during the third quarter. State Street Corp now owns 1,299,186 shares of the company’s stock worth $18,370,000 after acquiring an additional 15,781 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of EHang in the fourth quarter valued at about $431,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on EH. Deutsche Bank Aktiengesellschaft upgraded EHang from a “hold” rating to a “buy” rating and lowered their target price for the company from $22.00 to $20.00 in a report on Monday, April 14th. CICC Research assumed coverage on shares of EHang in a research note on Thursday, January 2nd. They set an “outperform” rating on the stock. Daiwa Capital Markets began coverage on shares of EHang in a research report on Wednesday, April 2nd. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Daiwa America raised shares of EHang to a “strong-buy” rating in a research note on Tuesday, April 1st. Six equities 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 data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $24.88.

EHang Stock Performance

Shares of NASDAQ EH opened at $14.83 on Friday. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $21.15 and its two-hundred day moving average price is $17.88. The stock has a market capitalization of $941.79 million, a P/E ratio of -27.46 and a beta of 0.99. EHang Holdings Limited has a 52-week low of $10.40 and a 52-week high of $29.76.

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.