Jane Street Group LLC Purchases 5,186 Shares of Hesai Group (NASDAQ:HSAI)

Jane Street Group LLC grew its position in shares of Hesai Group (NASDAQ:HSAI) by 11.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,943 shares of the company’s stock after acquiring an additional 5,186 shares during the quarter. Jane Street Group LLC’s holdings in Hesai Group were worth $230,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC increased its holdings in shares of Hesai Group by 44.1% during the second quarter. Renaissance Technologies LLC now owns 49,700 shares of the company’s stock valued at $208,000 after acquiring an additional 15,200 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in shares of Hesai Group by 47.5% during the third quarter. China Universal Asset Management Co. Ltd. now owns 29,500 shares of the company’s stock valued at $138,000 after acquiring an additional 9,500 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its holdings in shares of Hesai Group by 107.7% during the second quarter. Susquehanna Fundamental Investments LLC now owns 144,420 shares of the company’s stock valued at $605,000 after acquiring an additional 74,888 shares in the last quarter. Institutional investors own 48.53% of the company’s stock.

Hesai Group Trading Up 12.5 %

NASDAQ HSAI opened at $15.22 on Friday. The business has a 50 day moving average price of $9.46 and a 200-day moving average price of $6.15. Hesai Group has a 52 week low of $3.28 and a 52 week high of $16.35. The company has a market cap of $1.93 billion, a price-to-earnings ratio of -34.59 and a beta of 1.24. The company has a quick ratio of 2.65, a current ratio of 3.08 and a debt-to-equity ratio of 0.08.

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.