196,557 Shares in EHang Holdings Limited Unsponsored ADR $EH Acquired by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac acquired a new position in shares of EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) in the 4th quarter, Holdings Channel.com reports. The fund acquired 196,557 shares of the company’s stock, valued at approximately $2,591,000.

Several other institutional investors have also recently modified their holdings of EH. Leonteq Securities AG acquired a new position in shares of EHang during the 4th quarter worth approximately $26,000. Legal & General Group Plc raised its position 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 worth $59,000 after purchasing an additional 2,136 shares during the last quarter. Advisory Services Network LLC acquired a new position in shares of EHang during the 3rd quarter worth approximately $117,000. JPMorgan Chase & Co. raised its position 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. Finally, FourThought Financial Partners LLC acquired a new position in shares of EHang during the 4th quarter worth approximately $190,000. 94.03% of the stock is currently owned by institutional investors and hedge funds.

EHang Trading Down 1.0%

Shares of EH opened at $10.16 on Friday. The stock has a fifty day moving average of $10.21 and a two-hundred day moving average of $12.21. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.93 and a current ratio of 2.07. The company has a market capitalization of $763.22 million, a PE ratio of -23.09 and a beta of 1.14. EHang Holdings Limited Unsponsored ADR has a fifty-two week low of $9.04 and a fifty-two week high of $20.45.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Wall Street Zen upgraded EHang from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Bank of America restated a “buy” rating on shares of EHang in a research report on Thursday, March 12th. Finally, Weiss Ratings upgraded EHang from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $13.00.

EHang Profile

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company’s business model encompasses research and development, manufacturing, certification support, and operations services.