Mitsubishi UFJ Asset Management Co. Ltd. Has $1.09 Million Position in EHang Holdings Limited (NASDAQ:EH)

Mitsubishi UFJ Asset Management Co. Ltd. cut its position in EHang Holdings Limited (NASDAQ:EH) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 70,392 shares of the company’s stock after selling 1,526 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in EHang were worth $1,085,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EH. Quantbot Technologies LP boosted its holdings in shares of EHang by 78.2% in the third quarter. Quantbot Technologies LP now owns 9,348 shares of the company’s stock valued at $132,000 after buying an additional 4,101 shares during the period. Point72 Asset Management L.P. bought a new position in shares of EHang during the third quarter worth about $104,000. Point72 Hong Kong Ltd acquired a new stake in shares of EHang in the third quarter valued at approximately $118,000. State Street Corp boosted its stake in shares of EHang by 1.2% during 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. Finally, SBI Securities Co. Ltd. bought a new position in shares of EHang in the 4th quarter valued at about $431,000. 94.03% of the stock is owned by institutional investors.

EHang Price Performance

Shares of NASDAQ EH opened at $19.78 on Thursday. The company has a quick ratio of 2.25, a current ratio of 2.39 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average price is $21.72 and its two-hundred day moving average price is $17.68. The company has a market cap of $1.26 billion, a PE ratio of -36.63 and a beta of 0.91. EHang Holdings Limited has a twelve month low of $10.40 and a twelve month high of $29.76.

Analyst Ratings Changes

Several brokerages recently commented on EH. CICC Research started coverage on EHang in a research report on Thursday, January 2nd. They set an “outperform” rating for the company. Daiwa Capital Markets started coverage on EHang in a report on Wednesday. They issued a “buy” rating and a $30.00 price objective for the company. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $26.50.

About EHang

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.