Keystone Investors PTE Ltd. Boosts Stock Position in WeRide Inc. $WRD

Keystone Investors PTE Ltd. raised its holdings in WeRide Inc. (NASDAQ:WRD) by 3,516.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 842,389 shares of the company’s stock after purchasing an additional 819,098 shares during the period. WeRide comprises approximately 1.0% of Keystone Investors PTE Ltd.’s holdings, making the stock its 24th largest holding. Keystone Investors PTE Ltd.’s holdings in WeRide were worth $8,340,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Robert Bosch GmbH bought a new stake in shares of WeRide in the second quarter worth $32,424,000. Greenwoods Asset Management Hong Kong Ltd. bought a new stake in shares of WeRide in the 3rd quarter worth about $26,574,000. M&G PLC acquired a new stake in shares of WeRide in the 3rd quarter valued at about $9,870,000. MY.Alpha Management HK Advisors Ltd bought a new position in shares of WeRide during the second quarter worth about $6,374,000. Finally, Varma Mutual Pension Insurance Co acquired a new position in WeRide in the third quarter worth about $6,732,000.

Analyst Upgrades and Downgrades

WRD has been the topic of a number of research analyst reports. Citigroup reaffirmed a “buy” rating on shares of WeRide in a report on Monday, January 19th. Weiss Ratings restated a “sell (d-)” rating on shares of WeRide in a research note on Monday, December 29th. CLSA began coverage on shares of WeRide in a report on Monday, January 5th. They issued an “outperform” rating and a $13.00 price objective for the company. Finally, Bank of America started coverage on shares of WeRide in a report on Monday, December 1st. They set a “buy” rating and a $12.00 target price on the stock. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.13.

WeRide Price Performance

NASDAQ:WRD opened at $6.99 on Friday. The firm has a market capitalization of $2.26 billion, a P/E ratio of -8.32 and a beta of 4.32. The business has a 50 day simple moving average of $8.36 and a 200 day simple moving average of $9.14. WeRide Inc. has a 12-month low of $6.03 and a 12-month high of $20.50.

WeRide Profile

WeRide Inc (NASDAQ: WRD) is a developer of autonomous driving technology focused on providing Level 4 (L4) self-driving solutions for passenger mobility and logistics. The company’s full-stack platform integrates sensors, computing hardware, software algorithms and vehicle controls to enable driverless taxis, shuttles and goods delivery vehicles. By combining perception, planning and controls in a turnkey system, WeRide aims to accelerate the commercialization of robotaxi services and autonomous fleet operations.

Founded in 2017 and headquartered in Guangzhou, China, WeRide maintains research and development centers in Silicon Valley and China.