Stock Traders Purchase Large Volume of EHang Call Options (NASDAQ:EH)

EHang Holdings Limited (NASDAQ:EH) was the target of some unusual options trading on Tuesday. Investors bought 16,681 call options on the stock. This is an increase of approximately 94% compared to the average volume of 8,620 call options.

Analysts Set New Price Targets

EH has been the topic of several research reports. Daiwa Capital Markets initiated coverage on EHang in a research note on Wednesday, April 2nd. They set a “buy” rating and a $30.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised EHang from a “hold” rating to a “buy” rating and decreased their target price for the stock from $22.00 to $20.00 in a research note on Monday, April 14th. Daiwa America raised EHang to a “strong-buy” rating in a research note on Tuesday, April 1st. Finally, Jefferies Financial Group started coverage on EHang in a research note on Monday, May 5th. They set a “buy” rating and a $30.40 target price on the stock. Six analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $25.60.

Institutional Investors Weigh In On EHang

Several large investors have recently bought and sold shares of EH. Baader Bank Aktiengesellschaft increased its holdings in EHang by 22.8% during the 4th quarter. Baader Bank Aktiengesellschaft now owns 178,000 shares of the company’s stock worth $2,803,000 after purchasing an additional 33,000 shares during the period. SBI Securities Co. Ltd. purchased a new position in shares of EHang in the 4th quarter valued at about $431,000. Vanguard Group Inc. increased its holdings in shares of EHang by 3.6% in the 4th quarter. Vanguard Group Inc. now owns 1,651,515 shares of the company’s stock valued at $26,003,000 after acquiring an additional 56,652 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of EHang in the 4th quarter valued at about $79,000. Finally, Norges Bank purchased a new position in shares of EHang in the 4th quarter valued at about $3,809,000. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Price Performance

Shares of NASDAQ EH opened at $19.24 on Wednesday. The stock’s 50-day moving average is $18.85 and its two-hundred day moving average is $17.97. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.39 and a quick ratio of 2.25. EHang has a 1-year low of $10.40 and a 1-year high of $29.76. The company has a market cap of $1.38 billion, a price-to-earnings ratio of -35.63 and a beta of 1.10.

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.