Fideuram Asset Management Ireland dac Acquires Shares of 196,557 EHang Holdings Limited Unsponsored ADR $EH

Fideuram Asset Management Ireland dac acquired a new stake in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 196,557 shares of the company’s stock, valued at approximately $2,591,000. Fideuram Asset Management Ireland dac owned approximately 0.27% of EHang at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Leonteq Securities AG purchased a new stake in EHang in the 4th quarter valued at approximately $26,000. Legal & General Group Plc boosted its holdings in EHang by 171.7% in the 2nd quarter. Legal & General Group Plc now owns 3,380 shares of the company’s stock valued at $59,000 after purchasing an additional 2,136 shares in the last quarter. Advisory Services Network LLC purchased a new stake in EHang in the 3rd quarter valued at approximately $117,000. JPMorgan Chase & Co. boosted its holdings in EHang by 10.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 7,292 shares of the company’s stock valued at $127,000 after purchasing an additional 671 shares in the last quarter. Finally, FourThought Financial Partners LLC purchased a new stake in EHang in the 4th quarter valued at approximately $190,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Price Performance

EH stock opened at $10.16 on Friday. The firm has a 50 day moving average of $10.21 and a 200-day moving average of $12.21. EHang Holdings Limited Unsponsored ADR has a 12-month low of $9.04 and a 12-month high of $20.45. The company has a current ratio of 2.07, a quick ratio of 1.93 and a debt-to-equity ratio of 0.08. The company has a market cap of $763.22 million, a price-to-earnings ratio of -23.09 and a beta of 1.14.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EH. Bank of America reaffirmed a “buy” rating on shares of EHang in a report on Thursday, March 12th. Weiss Ratings upgraded shares of EHang from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of EHang from a “sell” rating to a “hold” rating in a research report on Saturday, March 28th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, EHang has a consensus rating of “Hold” and an average target price of $13.00.

EHang Profile

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company’s business model encompasses research and development, manufacturing, certification support, and operations services.