Temasek Holdings Private Ltd Has $25.86 Million Holdings in WeRide Inc. $WRD

by · The Markets Daily

Temasek Holdings Private Ltd boosted its stake in shares of WeRide Inc. (NASDAQ:WRD – Free Report) by 119.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,978,803 shares of the company’s stock after purchasing an additional 1,623,156 shares during the quarter. Temasek Holdings Private Ltd’s holdings in WeRide were worth $25,856,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Keystone Investors PTE Ltd. raised its stake in WeRide by 3,516.8% during the 3rd quarter. Keystone Investors PTE Ltd. now owns 842,389 shares of the company’s stock valued at $8,340,000 after purchasing an additional 819,098 shares during the last quarter. Carrhae Capital LLP bought a new stake in WeRide in the 3rd quarter valued at $16,153,000. FengHe Fund Management Pte. Ltd. increased its holdings in WeRide by 198.5% in the 4th quarter. FengHe Fund Management Pte. Ltd. now owns 4,175,181 shares of the company’s stock valued at $36,241,000 after buying an additional 2,776,381 shares during the period. UBS Group AG increased its holdings in WeRide by 89.2% in the 4th quarter. UBS Group AG now owns 2,768,106 shares of the company’s stock valued at $24,027,000 after buying an additional 1,305,321 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in WeRide in the 4th quarter valued at $6,079,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on WRD. HSBC began coverage on shares of WeRide in a report on Tuesday, March 31st. They issued a “buy” rating and a $11.40 target price on the stock. BNP Paribas Exane initiated coverage on shares of WeRide in a research report on Thursday, March 26th. They set an “outperform” rating and a $11.00 price target on the stock. Zacks Research downgraded shares of WeRide from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group started coverage on shares of WeRide in a research report on Thursday, April 16th. They set a “buy” rating on the stock. Finally, Weiss Ratings downgraded shares of WeRide from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, June 4th. Seven equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, WeRide currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.48.

Check Out Our Latest Stock Analysis on WRD

WeRide Stock Up 5.0%

Shares of WRD opened at $6.48 on Tuesday. The stock has a market capitalization of $2.02 billion, a P/E ratio of -8.64 and a beta of 1.77. WeRide Inc. has a twelve month low of $6.01 and a twelve month high of $12.55. The company has a 50 day moving average of $7.46 and a 200-day moving average of $7.84.

WeRide (NASDAQ:WRD – Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The company reported ($0.17) earnings per share for the quarter. The business had revenue of $16.55 million for the quarter. WeRide had a negative return on equity of 24.18% and a negative net margin of 228.47%. On average, sell-side analysts anticipate that WeRide Inc. will post -0.59 earnings per share for the current fiscal year.

WeRide Company Profile

(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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