Brighton Jones LLC Purchases Shares of 444,823 WeRide Inc. $WRD

Brighton Jones LLC acquired a new position in WeRide Inc. (NASDAQ:WRD) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 444,823 shares of the company’s stock, valued at approximately $4,404,000. Brighton Jones LLC owned about 0.15% of WeRide as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd acquired a new position in WeRide in the 1st quarter worth approximately $56,000. OLD Mission Capital LLC acquired a new stake in WeRide during the 1st quarter valued at approximately $182,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of WeRide in the 1st quarter valued at $40,315,000. NewEdge Advisors LLC purchased a new stake in shares of WeRide in the 1st quarter valued at $27,000. Finally, FengHe Fund Management Pte. Ltd. acquired a new stake in shares of WeRide in the second quarter worth $11,023,000.

WeRide Stock Performance

Shares of WeRide stock opened at $8.92 on Monday. The firm has a 50-day simple moving average of $9.05 and a two-hundred day simple moving average of $9.25. WeRide Inc. has a fifty-two week low of $6.03 and a fifty-two week high of $44.00. The company has a market cap of $2.89 billion, a P/E ratio of -10.62 and a beta of 4.44.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on WRD. Weiss Ratings restated a “sell (d-)” rating on shares of WeRide in a research report on Monday, December 15th. Citigroup began coverage on WeRide in a report on Monday, September 29th. They issued a “buy” rating and a $15.50 price objective for the company. Finally, Bank of America started coverage on WeRide in a research note on Monday, December 1st. They issued a “buy” rating and a $12.00 target price on the stock. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $13.17.

WeRide Company 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.