Central Asset Investments & Management Holdings HK Ltd Has $4.97 Million Holdings in XPeng Inc. (NYSE:XPEV)

Central Asset Investments & Management Holdings HK Ltd boosted its position in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 36.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 408,000 shares of the company's stock after buying an additional 108,000 shares during the quarter. XPeng makes up approximately 4.9% of Central Asset Investments & Management Holdings HK Ltd's holdings, making the stock its 5th largest holding. Central Asset Investments & Management Holdings HK Ltd's holdings in XPeng were worth $4,969,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Sei Investments Co. lifted its stake in shares of XPeng by 83.0% in the 1st quarter. Sei Investments Co. now owns 129,400 shares of the company's stock valued at $994,000 after purchasing an additional 58,700 shares during the period. Natixis acquired a new stake in XPeng during the 1st quarter worth $38,000. Renaissance Technologies LLC acquired a new stake in XPeng during the 2nd quarter worth $1,006,000. Seven Eight Capital LP raised its stake in XPeng by 2,254.4% during the 1st quarter. Seven Eight Capital LP now owns 284,155 shares of the company's stock worth $2,182,000 after buying an additional 272,086 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its holdings in XPeng by 100.0% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,100,000 shares of the company's stock worth $8,864,000 after purchasing an additional 550,000 shares in the last quarter. Institutional investors and hedge funds own 23.05% of the company's stock.

Wall Street Analyst Weigh In

XPEV has been the topic of a number of research reports. Bank of America cut their price target on XPeng from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, August 21st. JPMorgan Chase & Co. raised XPeng from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $8.00 to $11.50 in a research report on Thursday, September 5th. Macquarie raised XPeng from a "neutral" rating to an "outperform" rating in a research report on Friday, August 30th. Finally, Citigroup lowered their target price on XPeng from $8.30 to $7.60 and set a "neutral" rating on the stock in a research report on Wednesday, August 21st. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $9.42.

XPeng Stock Performance

NYSE XPEV traded up $0.11 during trading on Friday, reaching $12.74. 12,033,824 shares of the company's stock were exchanged, compared to its average volume of 15,356,570. The business has a 50 day moving average price of $11.44 and a 200-day moving average price of $9.16. The stock has a market capitalization of $12.00 billion, a P/E ratio of -10.44 and a beta of 2.80. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.31. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $18.74.

XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings data on Tuesday, August 20th. The company reported ($0.19) earnings per share (EPS) for the quarter. XPeng had a negative return on equity of 23.38% and a negative net margin of 21.64%. The firm had revenue of $1.12 billion for the quarter. Sell-side analysts forecast that XPeng Inc. will post -1 earnings per share for the current fiscal year.

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.