Headlands Technologies LLC Buys Shares of 133,253 XPeng Inc. (NYSE:XPEV)

Headlands Technologies LLC bought a new position in shares of XPeng Inc. (NYSE:XPEV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 133,253 shares of the company's stock, valued at approximately $1,575,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. EverSource Wealth Advisors LLC boosted its position in XPeng by 55.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after buying an additional 898 shares in the last quarter. Avior Wealth Management LLC raised its stake in shares of XPeng by 1,215.2% in the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock valued at $33,000 after acquiring an additional 2,564 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock worth $40,000 after acquiring an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in XPeng during the 4th quarter worth approximately $41,000. Finally, Compagnie Lombard Odier SCmA increased its holdings in XPeng by 1,703.3% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company's stock valued at $96,000 after purchasing an additional 7,665 shares in the last quarter. Institutional investors own 21.09% of the company's stock.

Wall Street Analyst Weigh In

XPEV has been the topic of a number of recent analyst reports. Nomura raised XPeng from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $14.00 to $30.00 in a research note on Wednesday, March 19th. Macquarie reissued a "neutral" rating and set a $18.00 price objective on shares of XPeng in a report on Friday, February 7th. Bank of America boosted their target price on shares of XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. JPMorgan Chase & Co. decreased their price target on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 19th. Finally, UBS Group upgraded shares of XPeng from a "sell" rating to a "neutral" rating and boosted their price objective for the stock from $8.80 to $18.00 in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $22.20.

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XPeng Trading Down 0.1 %

Shares of NYSE:XPEV traded down $0.02 during midday trading on Thursday, hitting $21.11. The company had a trading volume of 6,956,905 shares, compared to its average volume of 12,977,966. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. XPeng Inc. has a 12 month low of $6.55 and a 12 month high of $27.16. The firm has a fifty day simple moving average of $19.57 and a 200 day simple moving average of $14.77. The stock has a market cap of $19.88 billion, a price-to-earnings ratio of -24.26 and a beta of 2.68.

XPeng (NYSE:XPEV - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.36) by $1.17. The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. On average, analysts predict that XPeng Inc. will post -0.96 EPS for the current year.

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.