EHang Holdings Limited (NASDAQ:EH) Stock Holdings Increased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. grew its position in shares of EHang Holdings Limited (NASDAQ:EH) by 79.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,166 shares of the company’s stock after buying an additional 14,705 shares during the period. Hennion & Walsh Asset Management Inc. owned about 0.06% of EHang worth $682,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

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

EHang Stock Performance

Shares of NASDAQ EH opened at $13.77 on Wednesday. EHang Holdings Limited has a 52-week low of $9.51 and a 52-week high of $25.78. The stock has a market capitalization of $874.53 million, a price-to-earnings ratio of -22.48 and a beta of 1.02. The company has a quick ratio of 1.69, a current ratio of 1.97 and a debt-to-equity ratio of 0.07. The stock’s fifty day simple moving average is $16.33 and its 200 day simple moving average is $15.10.

EHang (NASDAQ:EH) last posted its quarterly earnings data on Monday, May 20th. The company reported ($0.14) earnings per share (EPS) for the quarter. EHang had a negative return on equity of 145.90% and a negative net margin of 176.72%. The company had revenue of $8.55 million for the quarter. As a group, sell-side analysts forecast that EHang Holdings Limited will post -0.41 earnings per share for the current fiscal year.

EHang Profile

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.