DekaBank Deutsche Girozentrale Grows Stake in XPeng Inc. (NYSE:XPEV)

DekaBank Deutsche Girozentrale raised its holdings in XPeng Inc. (NYSE:XPEV) by 100.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,100,000 shares of the company’s stock after buying an additional 550,000 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.12% of XPeng worth $8,864,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in XPEV. Natixis bought a new stake in shares of XPeng during the 1st quarter valued at $38,000. Scarborough Advisors LLC bought a new position in shares of XPeng during the fourth quarter valued at approximately $52,000. Rakuten Securities Inc. purchased a new position in shares of XPeng during the fourth quarter valued at approximately $59,000. Mizuho Securities Co. Ltd. bought a new stake in shares of XPeng in the 4th quarter worth approximately $102,000. Finally, Caas Capital Management LP bought a new stake in shares of XPeng in the 4th quarter worth approximately $153,000. 23.05% of the stock is owned by hedge funds and other institutional investors.

XPeng Stock Performance

Shares of NYSE:XPEV traded down $0.07 during trading on Friday, hitting $7.56. The company’s stock had a trading volume of 7,987,736 shares, compared to its average volume of 11,821,538. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.32. The company has a 50-day moving average of $8.04 and a 200-day moving average of $8.38. XPeng Inc. has a 12 month low of $6.55 and a 12 month high of $19.96.

XPeng (NYSE:XPEV) last issued its quarterly earnings results on Tuesday, May 21st. The company reported ($0.20) earnings per share for the quarter. The business had revenue of $906.90 million for the quarter. XPeng had a negative return on equity of 28.16% and a negative net margin of 28.16%. On average, sell-side analysts anticipate that XPeng Inc. will post -0.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

XPEV has been the subject of a number of recent research reports. Daiwa Capital Markets upgraded XPeng from a “neutral” rating to a “buy” rating and set a $11.00 price objective for the company in a research note on Thursday, May 23rd. Citigroup upgraded shares of XPeng from a “sell” rating to a “neutral” rating and raised their price objective for the company from $7.70 to $8.30 in a research note on Tuesday, June 25th. Bank of America dropped their target price on shares of XPeng from $12.70 to $11.70 and set a “buy” rating on the stock in a research note on Tuesday, July 16th. Macquarie assumed coverage on shares of XPeng in a report on Monday, April 15th. They issued a “neutral” rating and a $7.00 price objective for the company. Finally, Daiwa America raised XPeng to a “strong-buy” rating in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $12.80.

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.