WeRide Inc. $WRD Shares Purchased by Keystone Investors PTE Ltd.

Keystone Investors PTE Ltd. boosted its stake in shares of WeRide Inc. (NASDAQ:WRD) by 3,516.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 842,389 shares of the company’s stock after purchasing an additional 819,098 shares during the period. WeRide makes up approximately 1.0% of Keystone Investors PTE Ltd.’s portfolio, making the stock its 24th biggest holding. Keystone Investors PTE Ltd. owned approximately 0.29% of WeRide worth $8,340,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in WRD. NewEdge Advisors LLC purchased a new position in shares of WeRide in the 1st quarter worth $27,000. SBI Securities Co. Ltd. lifted its stake in shares of WeRide by 1,263.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,559 shares of the company’s stock valued at $28,000 after purchasing an additional 3,298 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of WeRide during the 2nd quarter worth about $30,000. Levin Capital Strategies L.P. acquired a new stake in WeRide during the 2nd quarter worth approximately $79,000. Finally, Profund Advisors LLC purchased a new position in WeRide in the third quarter valued at approximately $102,000.

Analyst Ratings Changes

WRD has been the subject of several recent research reports. Citigroup reissued a “buy” rating on shares of WeRide in a research report on Monday, January 19th. CLSA started coverage on WeRide in a report on Monday, January 5th. They issued an “outperform” rating and a $13.00 price target for the company. Bank of America began coverage on WeRide in a research report on Monday, December 1st. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of WeRide in a research note on Monday, December 29th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.13.

WeRide Price Performance

WeRide stock opened at $6.99 on Friday. WeRide Inc. has a 12-month low of $6.03 and a 12-month high of $20.50. The company has a market capitalization of $2.26 billion, a price-to-earnings ratio of -8.32 and a beta of 4.32. The firm’s fifty day moving average price is $8.36 and its 200 day moving average price is $9.14.

WeRide Profile

WeRide Inc (NASDAQ: WRD) is a developer of autonomous driving technology focused on providing Level 4 (L4) self-driving solutions for passenger mobility and logistics. The company’s full-stack platform integrates sensors, computing hardware, software algorithms and vehicle controls to enable driverless taxis, shuttles and goods delivery vehicles. By combining perception, planning and controls in a turnkey system, WeRide aims to accelerate the commercialization of robotaxi services and autonomous fleet operations.

Founded in 2017 and headquartered in Guangzhou, China, WeRide maintains research and development centers in Silicon Valley and China.