Deutsche Bank AG Sells 4,882 Shares of XPeng Inc. Sponsored ADR $XPEV

Deutsche Bank AG cut its position in shares of XPeng Inc. Sponsored ADR (NYSE:XPEV) by 4.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 104,580 shares of the company’s stock after selling 4,882 shares during the period. Deutsche Bank AG’s holdings in XPeng were worth $2,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE raised its position in XPeng by 2.7% during the 1st quarter. US Bancorp DE now owns 67,718 shares of the company’s stock valued at $1,403,000 after purchasing an additional 1,759 shares in the last quarter. Bayforest Capital Ltd raised its position in XPeng by 145.5% during the 1st quarter. Bayforest Capital Ltd now owns 2,283 shares of the company’s stock valued at $47,000 after purchasing an additional 1,353 shares in the last quarter. Harvest Fund Management Co. Ltd raised its position in XPeng by 7.9% during the 1st quarter. Harvest Fund Management Co. Ltd now owns 88,500 shares of the company’s stock valued at $1,834,000 after purchasing an additional 6,500 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of XPeng in the 1st quarter worth $54,000. Finally, Mackenzie Financial Corp bought a new position in shares of XPeng in the 1st quarter worth $2,548,000. 21.09% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on XPEV shares. The Goldman Sachs Group raised XPeng from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $16.40 to $24.00 in a research report on Tuesday, June 17th. Citigroup boosted their price target on XPeng from $29.00 to $29.40 and gave the stock a “buy” rating in a research report on Wednesday. BNP Paribas Exane started coverage on XPeng in a research report on Monday. They issued a “neutral” rating and a $19.00 price target for the company. BNP Paribas started coverage on XPeng in a research report on Monday. They issued a “neutral” rating for the company. Finally, Bank of America boosted their price target on XPeng from $25.00 to $26.00 and gave the stock a “buy” rating in a research report on Tuesday. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $23.85.

XPeng Trading Down 1.7%

Shares of NYSE:XPEV opened at $20.3840 on Thursday. The business’s 50-day moving average is $18.80 and its 200 day moving average is $19.47. XPeng Inc. Sponsored ADR has a 1 year low of $6.75 and a 1 year high of $27.16. The firm has a market capitalization of $19.35 billion, a P/E ratio of -32.36 and a beta of 2.50. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.21 and a quick ratio of 1.07.

XPeng (NYSE:XPEV) last announced its earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.51) by $1.41. XPeng had a negative return on equity of 13.65% and a negative net margin of 7.14%.The company had revenue of $2.18 billion for the quarter, compared to analyst estimates of $15.80 billion. On average, research analysts predict that XPeng Inc. Sponsored ADR will post -0.96 earnings per share for the current fiscal year.

About XPeng

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.