Invesco Ltd. Raises Position in EHang Holdings Limited (NASDAQ:EH)

Invesco Ltd. increased its position in shares of EHang Holdings Limited (NASDAQ:EH) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 39,820 shares of the company’s stock after purchasing an additional 1,112 shares during the period. Invesco Ltd. owned approximately 0.06% of EHang worth $627,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC grew its stake in shares of EHang by 5.0% during the 4th quarter. Geode Capital Management LLC now owns 27,752 shares of the company’s stock worth $437,000 after purchasing an additional 1,313 shares during the period. JPMorgan Chase & Co. acquired a new position in EHang during the fourth quarter worth about $79,000. SBI Securities Co. Ltd. purchased a new position in EHang in the fourth quarter valued at about $431,000. Baader Bank Aktiengesellschaft lifted its position in shares of EHang by 22.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock valued at $2,803,000 after acquiring an additional 33,000 shares during the period. Finally, Headlands Technologies LLC boosted its stake in shares of EHang by 2,080.4% during the 4th quarter. Headlands Technologies LLC now owns 57,977 shares of the company’s stock worth $913,000 after acquiring an additional 55,318 shares in the last quarter. Institutional investors and hedge funds own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

EH has been the subject of several research analyst reports. Daiwa America raised EHang to a “strong-buy” rating in a research note on Tuesday, April 1st. Daiwa Capital Markets started coverage on EHang in a research report on Wednesday, April 2nd. They issued a “buy” rating and a $30.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of EHang from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $22.00 to $20.00 in a research report on Monday, April 14th. Six research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $24.88.

EHang Price Performance

Shares of NASDAQ:EH opened at $18.82 on Friday. EHang Holdings Limited has a one year low of $10.40 and a one year high of $29.76. The stock has a market cap of $1.20 billion, a PE ratio of -34.85 and a beta of 0.99. The business’s fifty day moving average price is $19.41 and its two-hundred day moving average price is $17.85. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39.

EHang Company 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.