BNP Paribas Financial Markets Makes New $428,000 Investment in EHang Holdings Limited (NASDAQ:EH)

BNP Paribas Financial Markets bought a new position in shares of EHang Holdings Limited (NASDAQ:EH) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 27,209 shares of the company’s stock, valued at approximately $428,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in EHang during the 4th quarter worth about $3,809,000. Vanguard Group Inc. lifted its stake in EHang by 3.6% in the 4th 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 in the last quarter. Headlands Technologies LLC grew its position in EHang by 2,080.4% in the fourth quarter. Headlands Technologies LLC now owns 57,977 shares of the company’s stock valued at $913,000 after purchasing an additional 55,318 shares in the last quarter. XTX Topco Ltd bought a new stake in EHang during the fourth quarter worth about $611,000. Finally, Baader Bank Aktiengesellschaft increased its holdings in EHang by 22.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock worth $2,803,000 after buying an additional 33,000 shares during the last quarter. 94.03% of the stock is owned by institutional investors and hedge funds.

EHang Stock Performance

Shares of EH stock opened at $16.96 on Monday. 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 company has a market cap of $1.22 billion, a price-to-earnings ratio of -31.41 and a beta of 1.10. The firm has a 50 day moving average of $18.06 and a 200-day moving average of $18.01. EHang Holdings Limited has a 52 week low of $10.40 and a 52 week high of $29.76.

Analysts Set New Price Targets

Several brokerages have recently commented on EH. Deutsche Bank Aktiengesellschaft upgraded EHang from a “hold” rating to a “buy” rating and reduced their target price for the stock from $22.00 to $20.00 in a research note on Monday, April 14th. Daiwa America raised shares of EHang to a “strong-buy” rating in a research report on Tuesday, April 1st. Jefferies Financial Group started coverage on EHang in a research note on Monday, May 5th. They issued a “buy” rating and a $30.40 price objective on the stock. Bank of America started coverage on EHang in a research note on Wednesday, May 14th. They issued a “buy” rating and a $26.00 price target for the company. Finally, Daiwa Capital Markets initiated coverage on shares of EHang in a research report on Wednesday, April 2nd. They issued a “buy” rating and a $30.00 price target for the company. Seven equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $25.68.

About EHang

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.