Temasek Holdings Private Ltd Purchases Shares of 1,355,647 WeRide Inc. $WRD

Temasek Holdings Private Ltd purchased a new stake in WeRide Inc. (NASDAQ:WRD) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,355,647 shares of the company’s stock, valued at approximately $13,421,000. Temasek Holdings Private Ltd owned about 0.46% of WeRide as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. NewEdge Advisors LLC bought a new stake in WeRide during the 1st quarter valued at approximately $27,000. SBI Securities Co. Ltd. lifted its holdings in shares of WeRide by 1,263.6% during the second quarter. SBI Securities Co. Ltd. now owns 3,559 shares of the company’s stock worth $28,000 after buying an additional 3,298 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in shares of WeRide during the second quarter worth approximately $30,000. LMR Partners LLP bought a new stake in shares of WeRide in the second quarter valued at approximately $85,000. Finally, First Trust Advisors LP acquired a new stake in shares of WeRide in the second quarter worth $98,000.

Wall Street Analyst Weigh In

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

WeRide Price Performance

Shares of WRD stock opened at $6.65 on Friday. WeRide Inc. has a one year low of $6.03 and a one year high of $20.50. The stock has a fifty day moving average price of $7.91 and a 200 day moving average price of $8.93. The stock has a market cap of $2.15 billion, a P/E ratio of -7.92 and a beta of 4.36.

About WeRide

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.