Fox Run Management L.L.C. bought a new stake in XPeng Inc. (NYSE:XPEV - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 27,923 shares of the company's stock, valued at approximately $330,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisors Asset Management Inc. grew its holdings in shares of XPeng by 48.9% in the 3rd quarter. Advisors Asset Management Inc. now owns 49,624 shares of the company's stock valued at $604,000 after acquiring an additional 16,289 shares in the last quarter. Citigroup Inc. boosted its position in XPeng by 14.2% during the third quarter. Citigroup Inc. now owns 293,321 shares of the company's stock valued at $3,573,000 after purchasing an additional 36,560 shares during the last quarter. FMR LLC grew its stake in XPeng by 1,053.8% in the third quarter. FMR LLC now owns 323,581 shares of the company's stock valued at $3,941,000 after purchasing an additional 295,536 shares in the last quarter. Flow Traders U.S. LLC acquired a new position in shares of XPeng during the 3rd quarter worth approximately $360,000. Finally, Point72 Hong Kong Ltd bought a new stake in shares of XPeng during the 3rd quarter worth approximately $22,047,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.
XPeng Stock Performance
NYSE XPEV traded down $0.50 on Friday, reaching $19.70. The stock had a trading volume of 8,465,545 shares, compared to its average volume of 13,058,818. 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 company has a market cap of $18.56 billion, a P/E ratio of -22.65 and a beta of 2.68. The firm has a fifty day moving average of $19.05 and a two-hundred day moving average of $14.47. XPeng Inc. has a 1-year low of $6.55 and a 1-year high of $27.16.
XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($1.36) by $1.17. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. On average, equities research analysts anticipate that XPeng Inc. will post -0.96 EPS for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts recently weighed in on XPEV shares. Macquarie reissued a "neutral" rating and issued a $18.00 target price on shares of XPeng in a research note on Friday, February 7th. Daiwa America downgraded shares of XPeng from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Barclays upped their target price on shares of XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, March 20th. UBS Group upgraded 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 report on Monday, February 24th. Finally, Daiwa Capital Markets reaffirmed a "neutral" rating and issued a $24.00 price objective on shares of XPeng in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $22.20.
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XPeng Profile
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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.
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