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

EHang Holdings Limited (NASDAQ:EH) was the target of unusually large options trading on Wednesday. Stock traders acquired 22,454 put options on the stock. This is an increase of 150% compared to the typical volume of 8,979 put options.

Analyst Ratings Changes

Separately, CICC Research assumed coverage on EHang in a research note on Thursday, January 2nd. They set an “outperform” rating on the stock.

Hedge Funds Weigh In On EHang

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of EHang by 3.6% during the 4th quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company’s stock valued at $26,003,000 after purchasing an additional 56,652 shares during the last quarter. State Street Corp grew its stake in shares of EHang by 1.2% in the 3rd quarter. State Street Corp now owns 1,299,186 shares of the company’s stock worth $18,370,000 after buying an additional 15,781 shares during the last quarter. Norges Bank purchased a new stake in shares of EHang during the fourth quarter valued at approximately $3,809,000. Baader Bank Aktiengesellschaft boosted its position in shares of EHang by 22.8% during the fourth quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock valued at $2,803,000 after buying an additional 33,000 shares during the last quarter. Finally, Marshall Wace LLP grew its holdings in shares of EHang by 20.9% in the fourth quarter. Marshall Wace LLP now owns 101,966 shares of the company’s stock worth $1,605,000 after acquiring an additional 17,614 shares during the period. Institutional investors own 94.03% of the company’s stock.

EHang Price Performance

EHang stock opened at $25.81 on Friday. EHang has a 12 month low of $9.85 and a 12 month high of $26.33. The company has a current ratio of 2.39, a quick ratio of 2.25 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.64 billion, a PE ratio of -47.80 and a beta of 0.94. The stock has a 50-day moving average price of $16.09 and a two-hundred day moving average price of $15.12.

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.