<div id="readability-page-1"><p>Norges Bank acquired a new stake in  Hesai Group Sponsored ADR (NASDAQ:HSAI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 939,350 shares of the company's stock, valued at approximately $20,619,000. Norges Bank owned 0.72% of Hesai Group as of its most recent filing with the Securities and Exchange Commission (SEC).</p><p>Several other hedge funds have also made changes to their positions in HSAI. Bessemer Group Inc. purchased a new position in shares of  Hesai Group during the second quarter worth about $33,000.  JTC Employer Solutions Trustee Ltd grew its stake in shares of  Hesai Group by 117.6% in the 2nd quarter. JTC Employer Solutions Trustee Ltd now owns 6,231 shares of the company's stock valued at $137,000 after purchasing an additional 3,368 shares during the last quarter.  Russell Investments Group Ltd. purchased a new position in shares of  Hesai Group in the 1st quarter valued at approximately $150,000.  Advisors Asset Management Inc. acquired a new position in shares of  Hesai Group in the first quarter valued at approximately $226,000.  Finally, Quantbot Technologies LP acquired a new position in shares of  Hesai Group in the first quarter valued at approximately $272,000. Institutional investors and hedge funds own  48.53% of the company's stock. </p><h2>Hesai Group Stock Down 0.1%</h2><p>Shares of NASDAQ HSAI opened at $20.08 on Tuesday. The stock has a market capitalization of $2.63 billion, a price-to-earnings ratio of 47.81 and a beta of 1.22. Hesai Group Sponsored ADR has a 52 week low of $10.01 and a 52 week high of $30.85. The firm has a 50-day moving average price of $21.96 and a 200 day moving average price of $22.70. The company has a quick ratio of 5.37, a current ratio of 5.75 and a debt-to-equity ratio of 0.04. </p><p>Hesai Group (NASDAQ:HSAI - Get Free Report) last issued its earnings results on Wednesday, November 12th. The company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.14. Hesai Group had a net margin of 15.70% and a return on equity of 8.04%. The company had revenue of $111.72 million for the quarter, compared to analyst estimates of $116.11 million.  Equities research analysts anticipate that  Hesai Group Sponsored ADR will post -0.14 EPS for the current fiscal year. </p><h2>Wall Street Analysts Forecast Growth</h2><p>HSAI has been the topic of a number of analyst reports. CICC Research started coverage on shares of Hesai Group in a research report on Tuesday, November 25th. They issued an &#34;outperform&#34; rating and a $23.50 price objective on the stock. Weiss Ratings  restated a &#34;hold (c)&#34; rating on shares of Hesai Group in a research note on Monday, December 1st. UBS Group assumed coverage on shares of Hesai Group in a research note on Tuesday, August 19th. They set a &#34;buy&#34; rating and a $35.00 price target on the stock. Sanford C. Bernstein upgraded shares of Hesai Group to a &#34;strong-buy&#34; rating in a research report on Wednesday, November 12th. Finally, The Goldman Sachs Group lifted their price objective on Hesai Group from $26.30 to $36.00 and gave the company a &#34;buy&#34; rating in a report on Monday, September 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and one  has assigned  a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of &#34;Buy&#34; and a consensus price target of $30.80.</p><p><b>Read Our Latest Research Report on HSAI</b></p><h2>Hesai Group Profile</h2> (Free Report)<p>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.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Hesai Group</li><li>How Investors Can Find the Best Cheap Dividend Stocks</li><li>What Dollar Tree’s Surge and Home Depot’s Slide Say About Consumer Health</li><li>3 Fintech Stocks With Good 2021 Prospects</li><li>3 Stocks Most Likely to Split in 2026</li><li>How to Calculate Return on Investment (ROI)</li><li>ChargePoint's Comeback Story: Why This EV Stock Is Charging Up Again</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SFNBSQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9SFNBSQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Hesai Group Right Now?</h2><p>Before you consider Hesai Group, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hesai Group wasn't on the list.</p><p>While Hesai Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

HSAI

<p>Norges Bank acquired 939,350 shares of Hesai Group Sponsored ADR, valued at approximately $20.6 million, during the second quarter. This acquisition represents 0.72% ownership of Hesai Group. Several other hedge funds have also adjusted their positions in the company. Hesai Group's stock has a market cap of $2.63 billion, with a 52-week range of $10.01 to $30.85. Analysts have given the stock a consensus "Buy" rating with a price target of $30.80.</p>

Norges Bank Makes New Investment in Hesai Group Sponsored ADR $HSAI