Deutsche Bank AG Reduces Position in XPeng Inc. (NYSE:XPEV)

Deutsche Bank AG trimmed its holdings in XPeng Inc. (NYSE:XPEV) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 109,462 shares of the company’s stock after selling 987 shares during the quarter. Deutsche Bank AG’s holdings in XPeng were worth $1,294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of XPEV. JPMorgan Chase & Co. increased its holdings in XPeng by 1,138.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company’s stock worth $54,354,000 after purchasing an additional 4,227,055 shares during the period. Van ECK Associates Corp increased its stake in shares of XPeng by 14.2% during the fourth quarter. Van ECK Associates Corp now owns 253,875 shares of the company’s stock valued at $3,001,000 after buying an additional 31,538 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of XPeng in the fourth quarter valued at about $554,000. AI Squared Management Ltd purchased a new stake in XPeng in the fourth quarter worth about $2,126,000. Finally, Savant Capital LLC bought a new position in XPeng during the 4th quarter worth about $229,000. 21.09% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on XPEV shares. Bank of America boosted their price target on shares of XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a report on Wednesday, March 19th. Daiwa America lowered XPeng from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 19th. Sanford C. Bernstein set a $19.00 price target on XPeng and gave the stock a “market perform” rating in a research report on Thursday. Citigroup raised XPeng from a “neutral” rating to a “buy” rating and raised their price objective for the company from $13.70 to $29.00 in a research report on Monday, March 10th. Finally, Nomura Securities upgraded XPeng to a “strong-buy” rating in a research note on Tuesday, March 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.29.

XPeng Stock Performance

XPEV opened at $19.98 on Monday. The company has a market cap of $18.96 billion, a P/E ratio of -22.97 and a beta of 2.64. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The firm’s 50-day moving average price is $19.84 and its 200-day moving average price is $16.91. XPeng Inc. has a 52-week low of $6.60 and a 52-week high of $27.16.

XPeng (NYSE:XPEV) last released its earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($1.51) by $1.41. The company had revenue of $2.18 billion for the quarter, compared to the consensus estimate of $15.80 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. As a group, equities analysts anticipate that XPeng Inc. will post -0.96 EPS for the current fiscal year.

XPeng Company Profile

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EVs) in the People's Republic of China. It offers SUVs under the G3, G3i, and G9 names; four-door sports sedans under the P7 and P7i names; and family sedans under the P5 name. The company also provides sales contracts, super charging, maintenance, technical support, auto financing, insurance, technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.