35,893 Shares in EHang Holdings Limited (NASDAQ:EH) Purchased by Verition Fund Management LLC

Verition Fund Management LLC purchased a new position in shares of EHang Holdings Limited (NASDAQ:EH) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 35,893 shares of the company’s stock, valued at approximately $508,000. Verition Fund Management LLC owned about 0.06% of EHang as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Axim Planning & Wealth grew its position in shares of EHang by 12.5% in the second quarter. Axim Planning & Wealth now owns 4,693,820 shares of the company’s stock valued at $63,742,000 after purchasing an additional 520,733 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of EHang in the 2nd quarter valued at about $383,000. SteelPeak Wealth LLC boosted its position in shares of EHang by 70.7% during 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 during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in shares of EHang by 13.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 37,519 shares of the company’s stock worth $510,000 after buying an additional 4,353 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in EHang by 78.2% in the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after acquiring an additional 4,101 shares during the last quarter. 94.03% of the stock is owned by hedge funds and other institutional investors.

EHang Stock Down 1.1 %

EHang stock opened at $15.32 on Thursday. EHang Holdings Limited has a 12 month low of $9.51 and a 12 month high of $22.98. The stock has a fifty day simple moving average of $16.34 and a two-hundred day simple moving average of $14.62. The firm has a market cap of $972.91 million, a price-to-earnings ratio of -28.69 and a beta of 0.94. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01.

Analyst Ratings Changes

EH has been the subject of several recent research reports. China Renaissance started coverage on shares of EHang in a research note on Tuesday, September 24th. They issued a “buy” rating for the company. UBS Group initiated coverage on EHang in a report on Wednesday, August 28th. They issued a “buy” rating and a $22.00 price objective for the company.

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.