SteelPeak Wealth LLC Acquires 30,782 Shares of EHang Holdings Limited (NASDAQ:EH)

SteelPeak Wealth LLC grew its holdings in EHang Holdings Limited (NASDAQ:EH) by 288.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,455 shares of the company’s stock after purchasing an additional 30,782 shares during the quarter. SteelPeak Wealth LLC owned approximately 0.07% of EHang worth $853,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Axim Planning & Wealth grew its position in shares of EHang by 4.1% in the 4th quarter. Axim Planning & Wealth now owns 3,902,410 shares of the company’s stock worth $65,560,000 after buying an additional 155,494 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of EHang in the 4th quarter valued at $177,000. DNB Asset Management AS purchased a new stake in shares of EHang in the 4th quarter valued at $605,000. Vanguard Group Inc. boosted its holdings in shares of EHang by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 1,549,512 shares of the company’s stock valued at $27,922,000 after acquiring an additional 24,121 shares during the last quarter. Finally, Carmignac Gestion boosted its holdings in shares of EHang by 24.2% in the 3rd quarter. Carmignac Gestion now owns 1,869,210 shares of the company’s stock valued at $33,539,000 after acquiring an additional 363,962 shares during the last quarter. Hedge funds and other institutional investors own 94.03% of the company’s stock.

EHang Price Performance

Shares of NASDAQ EH traded down $0.01 during mid-day trading on Friday, reaching $13.58. The company’s stock had a trading volume of 509,522 shares, compared to its average volume of 766,797. The stock has a 50-day moving average of $16.39 and a two-hundred day moving average of $15.13. The stock has a market capitalization of $862.47 million, a P/E ratio of -21.90 and a beta of 1.06. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.69 and a current ratio of 1.97. EHang Holdings Limited has a 1-year low of $9.51 and a 1-year high of $25.78.

EHang (NASDAQ:EH) last issued its earnings results on Monday, May 20th. The company reported ($0.14) EPS for the quarter. The business had revenue of $8.55 million during the quarter. EHang had a negative net margin of 176.72% and a negative return on equity of 145.90%. On average, equities research analysts anticipate that EHang Holdings Limited will post -0.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley started coverage on shares of EHang in a research note on Monday, May 6th. They issued an “overweight” rating and a $27.50 target price for the company.

About EHang

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.