AI Squared Management Ltd purchased a new position in shares of XPeng Inc. (NYSE:XPEV - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 179,904 shares of the company's stock, valued at approximately $2,126,000. XPeng makes up approximately 2.2% of AI Squared Management Ltd's holdings, making the stock its 15th biggest holding.
Several other institutional investors have also recently made changes to their positions in XPEV. PNC Financial Services Group Inc. grew its holdings in XPeng by 5.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company's stock worth $154,000 after acquiring an additional 716 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock worth $30,000 after purchasing an additional 898 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of XPeng by 7.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company's stock worth $170,000 after purchasing an additional 1,027 shares during the period. Lindbrook Capital LLC boosted its stake in shares of XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock valued at $40,000 after purchasing an additional 1,138 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in XPeng by 8.2% during the fourth quarter. Signaturefd LLC now owns 25,821 shares of the company's stock valued at $305,000 after buying an additional 1,952 shares during the period. Hedge funds and other institutional investors own 21.09% of the company's stock.
XPeng Stock Performance
Shares of NYSE XPEV traded down $0.50 during mid-day trading on Friday, hitting $19.70. The stock had a trading volume of 8,465,545 shares, compared to its average volume of 13,058,818. The firm has a market cap of $18.56 billion, a PE ratio of -22.65 and a beta of 2.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The company has a 50 day moving average of $19.05 and a two-hundred day moving average of $14.47. XPeng Inc. has a twelve month low of $6.55 and a twelve month high of $27.16.
XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.36) by $1.17. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. The firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $16.11 billion. Research analysts predict that XPeng Inc. will post -0.96 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have weighed in on XPEV shares. Barclays upped their target price on XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, March 20th. UBS Group upgraded shares of XPeng from a "sell" rating to a "neutral" rating and boosted their target price for the stock from $8.80 to $18.00 in a report on Monday, February 24th. Nomura Securities raised shares of XPeng to a "strong-buy" rating in a research report on Tuesday, March 18th. Bank of America lifted their price objective on shares of XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a research report on Wednesday, March 19th. Finally, Citigroup upgraded shares of XPeng from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $13.70 to $29.00 in a research note on Monday, March 10th. One equities 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's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.20.
Check Out Our Latest Stock Analysis on XPEV
About XPeng
(
Free Report)
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.
Read More
Before you consider XPeng, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and XPeng wasn't on the list.
While XPeng currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
