Federated Hermes Inc. Acquires Shares of 84,613 EHang Holdings Limited Unsponsored ADR $EH

Federated Hermes Inc. bought a new position in EHang Holdings Limited Unsponsored ADR (NASDAQ:EH) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 84,613 shares of the company’s stock, valued at approximately $1,571,000. Federated Hermes Inc. owned approximately 0.12% of EHang at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in EH. Osaic Holdings Inc. lifted its position in shares of EHang by 5,904.0% during the second quarter. Osaic Holdings Inc. now owns 27,018 shares of the company’s stock valued at $469,000 after purchasing an additional 26,568 shares in the last quarter. Squarepoint Ops LLC increased its stake in EHang by 12.9% in the 2nd quarter. Squarepoint Ops LLC now owns 44,378 shares of the company’s stock valued at $770,000 after buying an additional 5,063 shares during the last quarter. Headlands Technologies LLC increased its stake in EHang by 88.9% in the 2nd quarter. Headlands Technologies LLC now owns 80,163 shares of the company’s stock valued at $1,392,000 after buying an additional 37,729 shares during the last quarter. Man Group plc lifted its position in shares of EHang by 138.7% during the 2nd quarter. Man Group plc now owns 79,789 shares of the company’s stock worth $1,385,000 after buying an additional 46,364 shares in the last quarter. Finally, Eschler Asset Management LLP boosted its stake in shares of EHang by 1,329.8% in the 2nd quarter. Eschler Asset Management LLP now owns 200,000 shares of the company’s stock worth $3,472,000 after buying an additional 186,012 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on EH. JPMorgan Chase & Co. lowered EHang from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $21.00 to $13.00 in a report on Tuesday, November 25th. Weiss Ratings reissued a “sell (d-)” rating on shares of EHang in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered EHang from a “hold” rating to a “sell” rating in a research report on Sunday, January 11th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, EHang currently has an average rating of “Moderate Buy” and a consensus target price of $23.48.

EHang Stock Performance

Shares of EH opened at $11.86 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 2.33 and a quick ratio of 2.17. The firm has a market cap of $852.62 million, a PE ratio of -21.18 and a beta of 0.91. EHang Holdings Limited Unsponsored ADR has a 1 year low of $11.72 and a 1 year high of $29.76. The stock’s fifty day moving average price is $13.69 and its two-hundred day moving average price is $16.00.

EHang Company Profile

EHang Holdings Limited is a China-based technology company specializing in the development and manufacturing of autonomous aerial vehicles (AAVs) for passenger transportation, logistics, and other commercial applications. Established in 2014 and listed on NASDAQ under the ticker EH in 2019, EHang focuses on delivering turnkey solutions that integrate hardware, flight control systems and a cloud-based operating platform. Its flagship products include the EH216 series passenger AAV and the Falcon series unmanned aerial vehicles, designed to support urban air mobility, aerial filming, emergency response and short-range cargo delivery.

The company’s business model encompasses research and development, manufacturing, certification support, and operations services.