Lighthouse Investment Partners LLC Buys New Shares in EHang Holdings Limited (NASDAQ:EH)

Lighthouse Investment Partners LLC purchased a new stake in EHang Holdings Limited (NASDAQ:EH) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 125,556 shares of the company’s stock, valued at approximately $1,977,000. Lighthouse Investment Partners LLC owned approximately 0.20% of EHang at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of EH. Cubist Systematic Strategies LLC increased its position in shares of EHang by 151.2% during the fourth quarter. Cubist Systematic Strategies LLC now owns 110,855 shares of the company’s stock worth $1,745,000 after acquiring an additional 66,724 shares in the last quarter. BNP Paribas Financial Markets purchased a new position in EHang in the fourth quarter valued at about $428,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of EHang during the 4th quarter valued at approximately $369,000. Electron Capital Partners LLC purchased a new stake in shares of EHang during the 4th quarter valued at approximately $423,000. Finally, Tower Research Capital LLC TRC increased its holdings in EHang by 247.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock worth $33,000 after acquiring an additional 1,472 shares during the period. 94.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on EH. Daiwa America raised shares of EHang to a “strong-buy” rating in a report on Tuesday, April 1st. Daiwa Capital Markets began coverage on shares of EHang in a report on Wednesday, April 2nd. They set a “buy” rating and a $30.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised shares of EHang from a “hold” rating to a “buy” rating and dropped their price target for the company from $22.00 to $20.00 in a research report on Monday, April 14th. Finally, Jefferies Financial Group began coverage on shares of EHang in a research report on Monday, May 5th. They issued a “buy” rating and a $30.40 target price for the company. Six research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $25.60.

EHang Stock Up 0.1%

NASDAQ:EH opened at $19.24 on Wednesday. The firm has a market cap of $1.38 billion, a P/E ratio of -35.63 and a beta of 1.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. EHang Holdings Limited has a fifty-two week low of $10.40 and a fifty-two week high of $29.76. The firm has a 50-day simple moving average of $18.85 and a two-hundred day simple moving average of $17.97.

EHang Company 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.