JPMorgan Chase & Co. Grows Stock Holdings in XPeng Inc. (NYSE:XPEV)

JPMorgan Chase & Co. lifted its stake in XPeng Inc. (NYSE:XPEV - Free Report) by 1,138.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,598,454 shares of the company's stock after buying an additional 4,227,055 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.49% of XPeng worth $54,354,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on XPEV shares. Daiwa Capital Markets restated a "neutral" rating and issued a $24.00 price target on shares of XPeng in a research report on Wednesday, March 19th. Sanford C. Bernstein set a $18.00 price target on shares of XPeng and gave the stock a "market perform" rating in a research report on Wednesday, March 19th. Barclays boosted their price target on shares of XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a research report on Thursday, March 20th. Daiwa America cut shares of XPeng from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. cut their price objective on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $22.20.

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XPeng Trading Up 3.8 %

Shares of XPEV traded up $0.66 during trading hours on Thursday, reaching $18.10. 4,048,395 shares of the company traded hands, compared to its average volume of 12,682,469. The firm has a market cap of $17.05 billion, a price-to-earnings ratio of -20.80 and a beta of 2.62. XPeng Inc. has a 12-month low of $6.55 and a 12-month high of $27.16. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock's fifty day moving average price is $19.85 and its 200 day moving average price is $15.11.

XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($1.36) by $1.17. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $16.11 billion. Sell-side analysts forecast that XPeng Inc. will post -0.96 earnings per share 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.