Jane Street Group LLC Has $230,000 Stock Holdings in Hesai Group (NASDAQ:HSAI)

Jane Street Group LLC grew its position in shares of Hesai Group (NASDAQ:HSAI) by 11.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 48,943 shares of the company’s stock after purchasing an additional 5,186 shares during the quarter. Jane Street Group LLC’s holdings in Hesai Group were worth $230,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. lifted its stake in shares of Hesai Group by 47.5% in the third quarter. China Universal Asset Management Co. Ltd. now owns 29,500 shares of the company’s stock worth $138,000 after acquiring an additional 9,500 shares during the period. Renaissance Technologies LLC lifted its stake in Hesai Group by 44.1% in the second quarter. Renaissance Technologies LLC now owns 49,700 shares of the company’s stock valued at $208,000 after buying an additional 15,200 shares during the period. Finally, Susquehanna Fundamental Investments LLC lifted its stake in Hesai Group by 107.7% in the second quarter. Susquehanna Fundamental Investments LLC now owns 144,420 shares of the company’s stock valued at $605,000 after buying an additional 74,888 shares during the period. 48.53% of the stock is owned by institutional investors and hedge funds.

Hesai Group Price Performance

Shares of HSAI opened at $15.22 on Friday. Hesai Group has a 52-week low of $3.28 and a 52-week high of $16.35. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.65 and a current ratio of 3.08. The business’s 50 day moving average price is $9.46 and its two-hundred day moving average price is $6.15. The firm has a market cap of $1.93 billion, a PE ratio of -34.59 and a beta of 1.24.

Hesai Group Company Profile

Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.