1,358,902 Shares in WeRide Inc. $WRD Purchased by Styrax Capital LP

Styrax Capital LP bought a new position in shares of WeRide Inc. (NASDAQ:WRD) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,358,902 shares of the company’s stock, valued at approximately $11,795,000. WeRide comprises about 0.9% of Styrax Capital LP’s investment portfolio, making the stock its 17th largest holding. Styrax Capital LP owned 0.42% of WeRide as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC acquired a new position in shares of WeRide during the 1st quarter worth approximately $27,000. JPMorgan Chase & Co. acquired a new position in WeRide during the second quarter worth $30,000. Leonteq Securities AG acquired a new position in WeRide during the fourth quarter worth $36,000. Daiwa Securities Group Inc. purchased a new stake in shares of WeRide during the fourth quarter worth $65,000. Finally, LMR Partners LLP purchased a new stake in shares of WeRide during the second quarter worth $85,000.

WeRide Trading Down 2.8%

WRD stock opened at $6.30 on Wednesday. WeRide Inc. has a 12-month low of $6.01 and a 12-month high of $12.55. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -8.40 and a beta of 1.77. The firm has a 50 day moving average of $7.43 and a 200-day moving average of $7.83.

WeRide (NASDAQ:WRD) last issued its quarterly earnings data on Tuesday, March 31st. The company reported ($0.17) earnings per share (EPS) for the quarter. WeRide had a negative return on equity of 24.18% and a negative net margin of 228.47%.The company had revenue of $16.55 million for the quarter. Sell-side analysts forecast that WeRide Inc. will post -0.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

WRD has been the topic of a number of recent research reports. Weiss Ratings lowered WeRide from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. BNP Paribas Exane initiated coverage on WeRide in a report on Thursday, March 26th. They set an “outperform” rating and a $11.00 price objective on the stock. HSBC initiated coverage on WeRide in a report on Tuesday, March 31st. They set a “buy” rating and a $11.40 price target on the stock. Wall Street Zen lowered WeRide from a “hold” rating to a “sell” rating in a report on Saturday. Finally, The Goldman Sachs Group initiated coverage on shares of WeRide in a research report on Thursday, April 16th. They issued a “buy” rating for the company. Seven 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.48.

WeRide Profile

WeRide Inc (NASDAQ: WRD) is a developer of autonomous driving technology focused on providing Level 4 (L4) self-driving solutions for passenger mobility and logistics. The company’s full-stack platform integrates sensors, computing hardware, software algorithms and vehicle controls to enable driverless taxis, shuttles and goods delivery vehicles. By combining perception, planning and controls in a turnkey system, WeRide aims to accelerate the commercialization of robotaxi services and autonomous fleet operations.

Founded in 2017 and headquartered in Guangzhou, China, WeRide maintains research and development centers in Silicon Valley and China.