5,000 Shares in EHang Holdings Limited (NASDAQ:EH) Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. bought a new stake in EHang Holdings Limited (NASDAQ:EH) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,000 shares of the company’s stock, valued at approximately $79,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of EH. Vanguard Group Inc. boosted its holdings in shares of EHang by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company’s stock valued at $26,003,000 after acquiring an additional 56,652 shares during the period. Baader Bank Aktiengesellschaft raised its position in EHang by 22.8% in the 4th quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock valued at $2,803,000 after purchasing an additional 33,000 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in EHang during the 4th quarter worth $431,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Daiwa Capital Markets started coverage on shares of EHang in a research note on Wednesday, April 2nd. They issued a “buy” rating and a $30.00 price objective on the stock. Daiwa America upgraded EHang to a “strong-buy” rating in a research report on Tuesday, April 1st. Jefferies Financial Group initiated coverage on EHang in a research report on Monday. They set a “buy” rating and a $30.40 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft raised EHang from a “hold” rating to a “buy” rating and dropped their target price for the company from $22.00 to $20.00 in a report on Monday, April 14th. Six analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $25.60.

EHang Stock Performance

NASDAQ:EH opened at $19.10 on Wednesday. The firm’s fifty day simple moving average is $19.19 and its 200-day simple moving average is $17.90. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.37 billion, a PE ratio of -35.37 and a beta of 1.10. EHang Holdings Limited has a fifty-two week low of $10.40 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.