US Bancorp DE Acquires 4,412 Shares of XPeng Inc. (NYSE:XPEV)

US Bancorp DE increased its stake in XPeng Inc. (NYSE:XPEV) by 6.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 73,957 shares of the company’s stock after acquiring an additional 4,412 shares during the quarter. US Bancorp DE’s holdings in XPeng were worth $901,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of XPEV. China Universal Asset Management Co. Ltd. boosted its holdings in XPeng by 6.7% in the third quarter. China Universal Asset Management Co. Ltd. now owns 80,000 shares of the company’s stock worth $974,000 after acquiring an additional 5,000 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of XPeng by 4.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 113,959 shares of the company’s stock worth $1,450,000 after purchasing an additional 4,706 shares in the last quarter. Ballentine Partners LLC lifted its holdings in shares of XPeng by 32.8% in the 3rd quarter. Ballentine Partners LLC now owns 17,542 shares of the company’s stock worth $214,000 after purchasing an additional 4,335 shares in the last quarter. Greenleaf Trust grew its position in XPeng by 16.2% in the 3rd quarter. Greenleaf Trust now owns 16,068 shares of the company’s stock valued at $196,000 after purchasing an additional 2,243 shares during the period. Finally, Sequoia Financial Advisors LLC increased its stake in XPeng by 24.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock valued at $163,000 after purchasing an additional 2,609 shares in the last quarter. Institutional investors and hedge funds own 23.05% of the company’s stock.

XPeng Stock Performance

Shares of XPEV opened at $14.49 on Friday. XPeng Inc. has a 12-month low of $6.55 and a 12-month high of $18.74. The company has a current ratio of 1.50, a quick ratio of 1.31 and a debt-to-equity ratio of 0.18. The company has a market cap of $13.65 billion, a PE ratio of -11.88 and a beta of 2.80. The stock has a 50-day moving average price of $10.93 and a 200-day moving average price of $8.94.

XPeng (NYSE:XPEV) last posted its quarterly earnings data on Tuesday, August 20th. The company reported ($0.19) earnings per share (EPS) for the quarter. The company had revenue of $1.12 billion for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. As a group, equities analysts forecast that XPeng Inc. will post -0.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on XPEV. JPMorgan Chase & Co. upgraded shares of XPeng from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $8.00 to $11.50 in a report on Thursday, September 5th. Bank of America dropped their target price on XPeng from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. Macquarie upgraded XPeng from a “neutral” rating to an “outperform” rating in a report on Friday, August 30th. Finally, Citigroup dropped their price objective on XPeng from $8.30 to $7.60 and set a “neutral” rating on the stock in a research note on Wednesday, August 21st. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, XPeng currently has an average rating of “Buy” and an average target price of $9.42.

XPeng 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.