WeRide Inc. $WRD Shares Purchased by Carrhae Capital LLP

Carrhae Capital LLP lifted its holdings in WeRide Inc. (NASDAQ:WRD) by 48.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,421,132 shares of the company’s stock after purchasing an additional 789,549 shares during the period. WeRide comprises about 0.8% of Carrhae Capital LLP’s portfolio, making the stock its 26th largest holding. Carrhae Capital LLP’s holdings in WeRide were worth $21,015,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. NewEdge Advisors LLC acquired a new position in shares of WeRide during the 1st quarter worth approximately $27,000. JPMorgan Chase & Co. purchased a new stake in shares of WeRide during the second quarter worth about $30,000. Leonteq Securities AG purchased a new stake in shares of WeRide during the fourth quarter worth about $36,000. SBI Securities Co. Ltd. raised its position in shares of WeRide by 37.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,898 shares of the company’s stock worth $48,000 after purchasing an additional 1,339 shares during the last quarter. Finally, Profund Advisors LLC acquired a new stake in WeRide in the 3rd quarter worth about $102,000.

WeRide Trading Down 0.5%

Shares of WRD opened at $7.34 on Friday. The company’s 50-day moving average price is $7.47 and its 200 day moving average price is $7.95. WeRide Inc. has a 12-month low of $6.01 and a 12-month high of $12.55. The firm has a market cap of $2.32 billion, a P/E ratio of -9.79 and a beta of 1.88.

WeRide (NASDAQ:WRD) last announced its earnings results on Tuesday, March 31st. The company reported ($0.17) earnings per share for the quarter. WeRide had a negative return on equity of 24.18% and a negative net margin of 228.47%.The company had revenue of $16.55 million for the quarter. Equities research analysts forecast that WeRide Inc. will post -0.57 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on WRD. Weiss Ratings upgraded WeRide from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. Zacks Research lowered WeRide from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 21st. Wall Street Zen raised shares of WeRide from a “sell” rating to a “hold” rating in a report on Saturday. The Goldman Sachs Group started coverage on shares of WeRide in a research report on Thursday, April 16th. They issued a “buy” rating for the company. Finally, HSBC initiated coverage on shares of WeRide in a research note on Tuesday, March 31st. They set a “buy” rating and a $11.40 price objective for the company. Seven analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $12.48.

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.