4,114,784 Shares in WeRide Inc. $WRD Purchased by Robert Bosch GmbH

Robert Bosch GmbH acquired a new stake in shares of WeRide Inc. (NASDAQ:WRD) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 4,114,784 shares of the company’s stock, valued at approximately $32,424,000. WeRide accounts for 18.3% of Robert Bosch GmbH’s portfolio, making the stock its 2nd biggest holding.

Several other institutional investors also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of WeRide in the first quarter valued at approximately $40,315,000. FengHe Fund Management Pte. Ltd. purchased a new position in WeRide in the second quarter valued at about $11,023,000. Virtu Financial LLC bought a new stake in shares of WeRide in the 1st quarter valued at about $723,000. Concurrent Investment Advisors LLC raised its stake in shares of WeRide by 145.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 36,275 shares of the company’s stock worth $286,000 after acquiring an additional 21,499 shares in the last quarter. Finally, OLD Mission Capital LLC purchased a new position in WeRide in the first quarter worth $182,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “sell (e+)” rating on shares of WeRide in a research note on Thursday, October 30th. Citigroup began coverage on WeRide in a research report on Monday, September 29th. They issued a “buy” rating and a $15.50 target price on the stock. Finally, UBS Group started coverage on shares of WeRide in a report on Monday, August 4th. They issued a “buy” rating and a $12.00 price objective on the stock. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $13.75.

WeRide Stock Up 0.4%

WeRide stock opened at $7.15 on Thursday. The business’s 50-day moving average price is $10.06 and its 200 day moving average price is $9.36. The company has a quick ratio of 10.55, a current ratio of 11.03 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.32 billion and a price-to-earnings ratio of -2.56. WeRide Inc. has a 52 week low of $6.03 and a 52 week high of $44.00.

WeRide Company Profile

WeRide, Inc engages in the development of an autonomous driving technology platform. It offers Robotaxi, Robobus, Robovan, Robosweeper, and advanced driving solutions, providing smart services in online ride-hailing, on-demand transport, urban logistics, and environmental sanitation. The company was founded by Tony Xu Han and Yan Li in February 2017 and is headquartered in Guangzhou, China.