Electron Capital Partners LLC Takes $423,000 Position in EHang Holdings Limited (NASDAQ:EH)

Electron Capital Partners LLC acquired a new stake in EHang Holdings Limited (NASDAQ:EH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 26,866 shares of the company’s stock, valued at approximately $423,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of EH. Natixis bought a new stake in shares of EHang in the 4th quarter worth approximately $25,000. Tower Research Capital LLC TRC lifted its stake in EHang by 247.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,068 shares of the company’s stock worth $33,000 after purchasing an additional 1,472 shares during the last quarter. JPMorgan Chase & Co. purchased a new stake in EHang during the fourth quarter valued at about $79,000. SBI Securities Co. Ltd. purchased a new position in shares of EHang in the fourth quarter worth about $431,000. Finally, Geode Capital Management LLC grew its position in EHang by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company’s stock worth $437,000 after acquiring an additional 1,313 shares during the last quarter. Institutional investors own 94.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on EH shares. Deutsche Bank Aktiengesellschaft raised EHang from a “hold” rating to a “buy” rating and dropped their price objective for the company from $22.00 to $20.00 in a research note on Monday, April 14th. 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 for the company. Daiwa America raised EHang to a “strong-buy” rating in a research report on Tuesday, April 1st. Finally, CICC Research assumed coverage on EHang in a research note on Thursday, January 2nd. They set an “outperform” rating on the stock. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $24.88.

EHang Trading Up 0.1 %

NASDAQ EH opened at $16.95 on Tuesday. The stock’s 50 day moving average is $19.99 and its 200 day moving average is $17.84. The firm has a market capitalization of $1.08 billion, a PE ratio of -31.39 and a beta of 0.99. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. EHang Holdings Limited has a twelve month low of $10.40 and a twelve month high of $29.76.

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.