Hesai Group Sponsored ADR $HSAI Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. increased its holdings in Hesai Group Sponsored ADR (NASDAQ:HSAI) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 4,106,432 shares of the company’s stock after buying an additional 28,102 shares during the period. Vanguard Group Inc.’s holdings in Hesai Group were worth $91,984,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Allianz Asset Management GmbH increased its holdings in shares of Hesai Group by 29.1% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,594,744 shares of the company’s stock valued at $72,912,000 after acquiring an additional 584,468 shares during the period. Wellington Management Group LLP increased its holdings in shares of Hesai Group by 5.6% in the 3rd quarter. Wellington Management Group LLP now owns 1,850,232 shares of the company’s stock valued at $51,992,000 after acquiring an additional 98,884 shares during the period. National Bank of Canada FI increased its holdings in shares of Hesai Group by 108.4% in the 3rd quarter. National Bank of Canada FI now owns 1,482,116 shares of the company’s stock valued at $41,647,000 after acquiring an additional 770,816 shares during the period. Aberdeen Group plc acquired a new position in shares of Hesai Group in the 3rd quarter valued at $38,241,000. Finally, Goldman Sachs Group Inc. increased its stake in Hesai Group by 345.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,239,625 shares of the company’s stock valued at $18,346,000 after buying an additional 961,493 shares during the period. 48.53% of the stock is owned by institutional investors and hedge funds.

Hesai Group Stock Performance

Shares of HSAI opened at $24.04 on Thursday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.38 and a current ratio of 3.73. The stock has a market capitalization of $3.37 billion, a P/E ratio of 60.10 and a beta of 1.50. The company’s fifty day moving average is $22.43 and its two-hundred day moving average is $23.10. Hesai Group Sponsored ADR has a 1 year low of $14.69 and a 1 year high of $30.85.

Hesai Group (NASDAQ:HSAI) last announced its quarterly earnings data on Saturday, February 14th. The company reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $143.00 million for the quarter. Hesai Group had a net margin of 14.47% and a return on equity of 6.63%. On average, sell-side analysts predict that Hesai Group Sponsored ADR will post 0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HSAI shares. BNP Paribas Exane started coverage on shares of Hesai Group in a research note on Thursday, March 26th. They issued an “outperform” rating on the stock. Wall Street Zen raised shares of Hesai Group from a “sell” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Weiss Ratings cut shares of Hesai Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $29.96.

Hesai Group Profile

Hesai Group is a technology company specializing in the development and production of advanced LiDAR (Light Detection and Ranging) sensors and perception software platforms for autonomous vehicles, robotics, industrial automation and mapping applications. The company’s core business centers on delivering high-performance, high-reliability LiDAR solutions designed to enable precise three-dimensional sensing and real-time environment perception. Hesai’s product lineup spans mechanical rotating LiDAR units, solid-state and MEMS-based sensors, as well as integrated software stacks for object detection, tracking and data fusion.

Founded in 2014 by a team of laser sensing and robotics researchers, Hesai built its reputation on improving range, resolution and reliability of LiDAR systems while driving down cost and size.