Traders Buy Large Volume of EHang Call Options (NASDAQ:EH)

EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) saw unusually large options trading on Monday. Stock traders bought 13,968 call options on the stock. This represents an increase of approximately 55% compared to the average daily volume of 9,007 call options.

EHang Stock Performance

Shares of NASDAQ:EH opened at $15.55 on Tuesday. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -32.40 and a beta of 1.06. EHang has a 52 week low of $10.40 and a 52 week high of $29.76. The company has a quick ratio of 2.45, a current ratio of 2.68 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $16.96 and a 200 day moving average of $18.15.

Hedge Funds Weigh In On EHang

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of EHang by 3.6% during the fourth quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company’s stock valued at $26,003,000 after buying an additional 56,652 shares during the last quarter. KADENSA CAPITAL Ltd increased its holdings in shares of EHang by 585.4% in the first quarter. KADENSA CAPITAL Ltd now owns 759,180 shares of the company’s stock valued at $15,859,000 after purchasing an additional 648,412 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of EHang by 517.1% in the first quarter. Cubist Systematic Strategies LLC now owns 684,103 shares of the company’s stock valued at $14,291,000 after purchasing an additional 573,248 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in EHang in the first quarter valued at $8,162,000. Finally, Norges Bank purchased a new stake in EHang in the fourth quarter valued at $3,809,000. 94.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

EH has been the subject of several recent research reports. Daiwa Capital Markets assumed 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. Jefferies Financial Group started coverage on shares of EHang in a research note on Monday, May 5th. They issued a “buy” rating and a $30.40 price objective for the company. Bank of America decreased their price target on shares of EHang from $26.00 to $24.00 and set a “buy” rating for the company in a research note on Tuesday, May 27th. Daiwa America raised shares of EHang to a “strong-buy” rating in a research note on Tuesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft raised shares of EHang from a “hold” rating to a “buy” rating and decreased their price target for the company from $22.00 to $20.00 in a research note on Monday, April 14th. Seven analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $25.28.

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.