Axim Planning & Wealth Sells 88,912 Shares of EHang Holdings Limited (NASDAQ:EH)

Axim Planning & Wealth trimmed its holdings in shares of EHang Holdings Limited (NASDAQ:EH) by 1.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,604,908 shares of the company’s stock after selling 88,912 shares during the period. EHang makes up about 73.3% of Axim Planning & Wealth’s portfolio, making the stock its biggest position. Axim Planning & Wealth owned about 7.25% of EHang worth $65,113,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Baader Bank Aktiengesellschaft acquired a new stake in shares of EHang during the 2nd quarter worth approximately $883,000. XTX Topco Ltd purchased a new position in EHang in the second quarter valued at $383,000. SteelPeak Wealth LLC raised its position in shares of EHang by 70.7% in the third quarter. SteelPeak Wealth LLC now owns 67,110 shares of the company’s stock worth $949,000 after acquiring an additional 27,805 shares during the period. Russell Investments Group Ltd. purchased a new stake in shares of EHang during the 1st quarter worth about $484,000. Finally, Vanguard Group Inc. grew its position in shares of EHang by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 1,563,754 shares of the company’s stock valued at $32,166,000 after acquiring an additional 8,228 shares during the period. Institutional investors and hedge funds own 94.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. China Renaissance assumed coverage on EHang in a research report on Tuesday, September 24th. They set a “buy” rating on the stock. UBS Group began coverage on EHang in a research note on Wednesday, August 28th. They set a “buy” rating and a $22.00 target price for the company.

EHang Stock Up 9.7 %

EH opened at $17.38 on Thursday. The company has a quick ratio of 1.99, a current ratio of 2.12 and a debt-to-equity ratio of 0.02. EHang Holdings Limited has a twelve month low of $9.51 and a twelve month high of $22.98. The company has a market cap of $1.10 billion, a PE ratio of -30.69 and a beta of 0.99. The company has a 50-day moving average price of $15.21 and a 200 day moving average price of $14.94.

EHang (NASDAQ:EH) last released its earnings results on Thursday, August 22nd. The company reported ($0.14) earnings per share for the quarter. EHang had a negative net margin of 110.21% and a negative return on equity of 84.09%. The firm had revenue of $14.04 million during the quarter. During the same quarter in the previous year, the business posted ($0.18) EPS. Sell-side analysts expect 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.