XTX Topco Ltd Purchases Shares of 29,921 Hesai Group (NASDAQ:HSAI)

XTX Topco Ltd acquired a new stake in shares of Hesai Group (NASDAQ:HSAI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 29,921 shares of the company’s stock, valued at approximately $414,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HSAI. Polunin Capital Partners Ltd boosted its stake in Hesai Group by 17.9% during the 4th quarter. Polunin Capital Partners Ltd now owns 1,210,817 shares of the company’s stock valued at $16,733,000 after purchasing an additional 183,417 shares during the last quarter. Trexquant Investment LP bought a new stake in Hesai Group during the fourth quarter worth $1,667,000. Jane Street Group LLC grew its holdings in Hesai Group by 11.9% during the third quarter. Jane Street Group LLC now owns 48,943 shares of the company’s stock worth $230,000 after buying an additional 5,186 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in Hesai Group in the 4th quarter valued at $168,000. Finally, Fox Run Management L.L.C. purchased a new position in Hesai Group during the 4th quarter worth $177,000. 48.53% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HSAI shares. Daiwa Capital Markets began coverage on shares of Hesai Group in a research report on Tuesday, March 11th. They set a “buy” rating and a $35.00 price target on the stock. Daiwa America upgraded Hesai Group to a “strong-buy” rating in a research note on Tuesday, March 11th. Morgan Stanley lowered Hesai Group from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $5.80 to $15.00 in a report on Monday, January 13th. Finally, The Goldman Sachs Group raised Hesai Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $5.50 to $18.40 in a research report on Tuesday, January 14th.

Hesai Group Trading Up 6.0 %

NASDAQ:HSAI opened at $11.61 on Tuesday. Hesai Group has a 12 month low of $3.52 and a 12 month high of $24.18. The company has a current ratio of 3.08, a quick ratio of 2.65 and a debt-to-equity ratio of 0.08. The firm’s 50 day moving average is $16.70 and its 200 day moving average is $12.32. The stock has a market capitalization of $1.47 billion, a PE ratio of -26.39, a price-to-earnings-growth ratio of 1.44 and a beta of 1.35.

Hesai Group Profile

Hesai Group, through with its subsidiaries, engages in the development, manufacture, and sale of three-dimensional light detection and ranging solutions (LiDAR). Its LiDAR products are used in passenger and commercial vehicles with advanced driver assistance systems; autonomous passenger and freight mobility services; and other applications, such as delivery robots, street sweeping robots, and logistics robots in restricted areas.