Deutsche Bank AG Has $2.03 Million Stock Holdings in Archer Aviation Inc. (NYSE:ACHR)

Deutsche Bank AG increased its holdings in shares of Archer Aviation Inc. (NYSE:ACHR) by 49.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 208,499 shares of the company’s stock after buying an additional 68,676 shares during the period. Deutsche Bank AG’s holdings in Archer Aviation were worth $2,033,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ACHR. Conquis Financial LLC acquired a new stake in Archer Aviation during the 4th quarter worth approximately $29,000. Harbour Investments Inc. lifted its position in shares of Archer Aviation by 54.7% in the 4th quarter. Harbour Investments Inc. now owns 3,097 shares of the company’s stock worth $30,000 after purchasing an additional 1,095 shares during the period. Oarsman Capital Inc. lifted its position in shares of Archer Aviation by 471.7% in the 4th quarter. Oarsman Capital Inc. now owns 3,087 shares of the company’s stock worth $30,000 after purchasing an additional 2,547 shares during the period. Anchor Investment Management LLC lifted its position in shares of Archer Aviation by 58.3% in the 4th quarter. Anchor Investment Management LLC now owns 3,324 shares of the company’s stock worth $32,000 after purchasing an additional 1,224 shares during the period. Finally, GPS Wealth Strategies Group LLC lifted its position in shares of Archer Aviation by 708.3% in the 4th quarter. GPS Wealth Strategies Group LLC now owns 3,395 shares of the company’s stock worth $33,000 after purchasing an additional 2,975 shares during the period. 59.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ACHR shares. Needham & Company LLC restated a “buy” rating and issued a $13.00 price target on shares of Archer Aviation in a research report on Tuesday, May 13th. Canaccord Genuity Group boosted their price target on shares of Archer Aviation from $13.00 to $13.50 and gave the stock a “buy” rating in a research report on Friday, February 28th. Raymond James boosted their price target on shares of Archer Aviation from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Friday, February 21st. Cantor Fitzgerald restated an “overweight” rating and issued a $13.00 price target on shares of Archer Aviation in a research report on Friday, May 16th. Finally, HC Wainwright restated a “buy” rating and issued a $12.50 price target on shares of Archer Aviation in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $12.50.

Archer Aviation Stock Performance

NYSE:ACHR opened at $10.60 on Friday. The company has a fifty day moving average of $8.42 and a 200-day moving average of $8.32. The firm has a market capitalization of $5.82 billion, a P/E ratio of -8.03 and a beta of 3.13. The company has a quick ratio of 6.03, a current ratio of 6.03 and a debt-to-equity ratio of 0.16. Archer Aviation Inc. has a twelve month low of $2.82 and a twelve month high of $13.92.

Archer Aviation (NYSE:ACHR) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.17) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.04. As a group, sell-side analysts anticipate that Archer Aviation Inc. will post -1.32 EPS for the current year.

Insider Activity

In other Archer Aviation news, CTO Thomas Paul Muniz sold 99,224 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $7.70, for a total transaction of $764,024.80. Following the completion of the sale, the chief technology officer now owns 1,131,443 shares in the company, valued at approximately $8,712,111.10. The trade was a 8.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Priya Gupta sold 13,210 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $12.99, for a total transaction of $171,597.90. Following the sale, the chief financial officer now owns 134,104 shares of the company’s stock, valued at $1,742,010.96. This trade represents a 8.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 705,844 shares of company stock worth $6,583,103 in the last quarter. 7.65% of the stock is owned by corporate insiders.

Archer Aviation Company Profile

Archer Aviation Inc, together with its subsidiaries, engages in designs, develops, and operates electric vertical takeoff and landing aircraft for use in urban air mobility. The company was formerly known as Atlas Crest Investment Corp. and changed its name to Archer Aviation Inc The company is headquartered in San Jose, California.