State Street Corp Has $18.37 Million Position in EHang Holdings Limited (NASDAQ:EH)

State Street Corp grew its holdings in shares of EHang Holdings Limited (NASDAQ:EH) by 1.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,299,186 shares of the company’s stock after acquiring an additional 15,781 shares during the period. State Street Corp owned about 2.05% of EHang worth $18,370,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Axim Planning & Wealth grew its stake in EHang by 12.5% in the second quarter. Axim Planning & Wealth now owns 4,693,820 shares of the company’s stock valued at $63,742,000 after acquiring an additional 520,733 shares during the period. Verition Fund Management LLC purchased a new stake in shares of EHang during the 3rd quarter valued at $508,000. XTX Topco Ltd purchased a new position in EHang in the second quarter valued at approximately $383,000. SteelPeak Wealth LLC boosted its position in EHang by 70.7% during the third quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock worth $949,000 after purchasing an additional 27,805 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in shares of EHang in the third quarter worth $118,000. 94.03% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on EH. China Renaissance initiated coverage on shares of EHang in a report on Tuesday, September 24th. They issued a “buy” rating on the stock. UBS Group began coverage on shares of EHang in a research report on Wednesday, August 28th. They issued a “buy” rating and a $22.00 price objective on the stock.

EHang Stock Down 0.3 %

NASDAQ:EH opened at $14.97 on Tuesday. The firm has a market cap of $950.68 million, a P/E ratio of -27.72 and a beta of 0.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.25 and a current ratio of 2.39. The firm has a 50-day simple moving average of $15.93 and a two-hundred day simple moving average of $14.52. EHang Holdings Limited has a fifty-two week low of $9.51 and a fifty-two week high of $22.98.

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.