Y Intercept Hong Kong Ltd Takes $4.11 Million Position in WeRide Inc. $WRD

by · The Markets Daily

Y Intercept Hong Kong Ltd purchased a new position in shares of WeRide Inc. (NASDAQ:WRD – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 414,927 shares of the company’s stock, valued at approximately $4,108,000. Y Intercept Hong Kong Ltd owned about 0.14% of WeRide at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in WRD. Concurrent Investment Advisors LLC increased its holdings in shares of WeRide by 11.0% during the third quarter. Concurrent Investment Advisors LLC now owns 40,250 shares of the company’s stock worth $398,000 after buying an additional 3,975 shares in the last quarter. Ariose Capital Management Ltd bought a new stake in WeRide during the 3rd quarter worth $2,569,000. Brighton Jones LLC acquired a new position in WeRide in the 3rd quarter worth about $4,404,000. Whalen Wealth Management Inc. acquired a new position in WeRide in the 3rd quarter worth about $135,000. Finally, Osaic Holdings Inc. raised its position in WeRide by 1,211.8% in the second quarter. Osaic Holdings Inc. now owns 25,580 shares of the company’s stock valued at $202,000 after purchasing an additional 23,630 shares during the last quarter.

Wall Street Analysts Forecast Growth

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

View Our Latest Stock Report on WRD

WeRide Trading Down 2.5%

NASDAQ WRD opened at $8.82 on Monday. The stock’s fifty day moving average price is $8.71 and its 200-day moving average price is $9.41. The stock has a market cap of $2.86 billion, a P/E ratio of -10.50 and a beta of 4.32. WeRide Inc. has a 12 month low of $6.03 and a 12 month high of $44.00.

About WeRide

(Free Report)

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.

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