Baader Bank Aktiengesellschaft Boosts Stake in EHang Holdings Limited (NASDAQ:EH)

Baader Bank Aktiengesellschaft lifted its holdings in shares of EHang Holdings Limited (NASDAQ:EH) by 22.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 178,000 shares of the company’s stock after purchasing an additional 33,000 shares during the quarter. Baader Bank Aktiengesellschaft owned about 0.28% of EHang worth $2,803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Verition Fund Management LLC purchased a new position in shares of EHang during the third quarter worth $508,000. SteelPeak Wealth LLC grew its position in EHang by 70.7% in the 3rd quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock valued at $949,000 after acquiring an additional 27,805 shares in the last quarter. State Street Corp grew its holdings in shares of EHang by 1.2% in the third quarter. State Street Corp now owns 1,299,186 shares of the company’s stock valued at $18,370,000 after purchasing an additional 15,781 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in EHang during the 3rd quarter worth approximately $118,000. Finally, Point72 Asset Management L.P. acquired a new stake in EHang during the 3rd quarter worth approximately $104,000. 94.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, CICC Research assumed coverage on shares of EHang in a research note on Thursday, January 2nd. They set an “outperform” rating on the stock.

EHang Price Performance

EHang stock opened at $16.73 on Thursday. The business has a 50 day simple moving average of $15.24 and a 200-day simple moving average of $14.70. EHang Holdings Limited has a 12 month low of $9.51 and a 12 month high of $22.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. The stock has a market capitalization of $1.06 billion, a PE ratio of -30.98 and a beta of 0.94.

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.