88,358 Shares in WeRide Inc. $WRD Acquired by GSA Capital Partners LLP

GSA Capital Partners LLP acquired a new position in shares of WeRide Inc. (NASDAQ:WRD) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 88,358 shares of the company’s stock, valued at approximately $875,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. NewEdge Advisors LLC acquired a new stake in WeRide in the 1st quarter valued at about $27,000. SBI Securities Co. Ltd. lifted its position in shares of WeRide by 1,263.6% in the second quarter. SBI Securities Co. Ltd. now owns 3,559 shares of the company’s stock valued at $28,000 after acquiring an additional 3,298 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of WeRide during the second quarter valued at $30,000. Levin Capital Strategies L.P. purchased a new stake in WeRide during the 2nd quarter worth about $79,000. Finally, LMR Partners LLP acquired a new position in shares of WeRide in the second quarter valued at approximately $85,000.

WeRide Trading Down 2.9%

Shares of WRD stock opened at $7.09 on Friday. WeRide Inc. has a twelve month low of $6.03 and a twelve month high of $30.05. The company has a market capitalization of $2.30 billion, a PE ratio of -8.44 and a beta of 4.32. The firm has a fifty day simple moving average of $8.50 and a 200-day simple moving average of $9.19.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Bank of America started coverage on shares of WeRide in a research report on Monday, December 1st. They set a “buy” rating and a $12.00 target price on the stock. Citigroup reissued a “buy” rating on shares of WeRide in a research note on Monday, January 19th. CLSA started coverage on shares of WeRide in a research report on Monday, January 5th. They issued an “outperform” rating and a $13.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of WeRide in a research note on Monday, December 29th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $13.13.

WeRide Company 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.