XTX Topco Ltd Invests $1.01 Million in EHang Holdings Limited Unsponsored ADR $EH

XTX Topco Ltd purchased a new stake in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 58,101 shares of the company’s stock, valued at approximately $1,009,000. XTX Topco Ltd owned approximately 0.08% of EHang at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in EH. JPMorgan Chase & Co. boosted its stake in shares of EHang by 10.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock worth $127,000 after purchasing an additional 671 shares during the last quarter. Invesco Ltd. increased its position in EHang by 3.8% during the 1st quarter. Invesco Ltd. now owns 41,317 shares of the company’s stock worth $863,000 after purchasing an additional 1,497 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of EHang by 171.7% during the 2nd quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock valued at $59,000 after acquiring an additional 2,136 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in EHang by 4.0% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 73,182 shares of the company’s stock worth $1,529,000 after acquiring an additional 2,790 shares during the period. Finally, Caitong International Asset Management Co. Ltd boosted its position in EHang by 3,147.8% in the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 6,528 shares of the company’s stock valued at $113,000 after buying an additional 6,327 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on EH shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of EHang in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lowered shares of EHang from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $21.00 to $13.00 in a research report on Tuesday, November 25th. Wall Street Zen cut shares of EHang from a “hold” rating to a “sell” rating in a research report on Friday. Finally, Dbs Bank initiated coverage on EHang in a research note on Thursday, October 2nd. They set a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $23.48.

EHang Stock Performance

EH stock opened at $14.37 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.33 and a quick ratio of 2.17. The stock has a market capitalization of $1.03 billion, a PE ratio of -25.65 and a beta of 0.56. The company has a 50 day moving average price of $17.03 and a 200 day moving average price of $17.13. EHang Holdings Limited Unsponsored ADR has a fifty-two week low of $12.71 and a fifty-two 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.