US Bancorp DE Trims Holdings in XPeng Inc. (NYSE:XPEV)

US Bancorp DE decreased its holdings in shares of XPeng Inc. (NYSE:XPEV) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,959 shares of the company’s stock after selling 7,998 shares during the period. US Bancorp DE’s holdings in XPeng were worth $780,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Compagnie Lombard Odier SCmA boosted its stake in XPeng by 1,703.3% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after buying an additional 7,665 shares during the period. Vontobel Holding Ltd. boosted its stake in XPeng by 56.3% during the fourth quarter. Vontobel Holding Ltd. now owns 33,039 shares of the company’s stock valued at $391,000 after buying an additional 11,902 shares during the period. Van ECK Associates Corp lifted its stake in XPeng by 14.2% during the fourth quarter. Van ECK Associates Corp now owns 253,875 shares of the company’s stock worth $3,001,000 after purchasing an additional 31,538 shares during the last quarter. Savant Capital LLC bought a new stake in XPeng during the fourth quarter worth about $229,000. Finally, Golden State Wealth Management LLC bought a new stake in XPeng during the fourth quarter worth about $41,000. Institutional investors own 21.09% of the company’s stock.

XPeng Stock Down 3.0 %

Shares of NYSE:XPEV opened at $22.90 on Tuesday. XPeng Inc. has a 1 year low of $6.55 and a 1 year high of $23.98. The company has a market cap of $21.57 billion, a PE ratio of -26.32 and a beta of 2.68. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The stock’s 50-day moving average is $16.15 and its 200 day moving average is $13.08.

Analysts Set New Price Targets

Several brokerages have issued reports on XPEV. Citigroup raised XPeng from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $13.70 to $29.00 in a research note on Monday. The Goldman Sachs Group lowered XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target for the company. in a research note on Thursday, November 21st. Sanford C. Bernstein lifted their price target on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 20th. UBS Group raised XPeng from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $8.80 to $18.00 in a research note on Monday, February 24th. Finally, China Renaissance raised XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target for the company in a research note on Friday, November 22nd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.63.

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.