Keystone Investors PTE Ltd. Boosts Holdings in WeRide Inc. $WRD

Keystone Investors PTE Ltd. grew its position in WeRide Inc. (NASDAQ:WRD) by 16.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 979,885 shares of the company’s stock after buying an additional 137,496 shares during the period. Keystone Investors PTE Ltd. owned 0.30% of WeRide worth $8,505,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. NewEdge Advisors LLC purchased a new stake in shares of WeRide in the 1st quarter valued at approximately $27,000. JPMorgan Chase & Co. purchased a new stake in shares of WeRide in the 2nd quarter valued at approximately $30,000. Leonteq Securities AG purchased a new stake in shares of WeRide in the 4th quarter valued at approximately $36,000. Daiwa Securities Group Inc. purchased a new stake in shares of WeRide in the 4th quarter valued at approximately $65,000. Finally, LMR Partners LLP purchased a new stake in shares of WeRide in the 2nd quarter valued at approximately $85,000.

WeRide Trading Down 1.9%

Shares of WRD opened at $6.17 on Friday. WeRide Inc. has a twelve month low of $6.01 and a twelve month high of $12.55. The firm’s fifty day simple moving average is $7.48 and its 200-day simple moving average is $7.85. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of -8.23 and a beta of 1.77.

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

Analyst Ratings Changes

WRD has been the subject of a number of research analyst reports. HSBC initiated coverage on shares of WeRide in a research report on Tuesday, March 31st. They set a “buy” rating and a $11.40 price objective for the company. Zacks Research cut shares of WeRide from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. Weiss Ratings cut shares of WeRide from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. The Goldman Sachs Group initiated coverage on shares of WeRide in a research report on Thursday, April 16th. They set a “buy” rating for the company. Finally, BNP Paribas Exane initiated coverage on shares of WeRide in a research report on Thursday, March 26th. They set an “outperform” rating and a $11.00 price objective for the company. Seven research 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’s stock. Based on data from MarketBeat, WeRide presently has an average rating of “Moderate Buy” and a consensus price target 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.