Jump Financial LLC Buys New Shares in XPeng Inc. (NYSE:XPEV)

Jump Financial LLC purchased a new stake in XPeng Inc. (NYSE:XPEV - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 491,794 shares of the company's stock, valued at approximately $5,813,000. Jump Financial LLC owned approximately 0.05% of XPeng as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in shares of XPeng in the third quarter worth approximately $915,000. TMT General Partner Ltd bought a new position in XPeng during the 4th quarter valued at $205,501,000. Ballentine Partners LLC lifted its stake in XPeng by 23.4% during the 4th quarter. Ballentine Partners LLC now owns 21,647 shares of the company's stock valued at $256,000 after acquiring an additional 4,105 shares in the last quarter. Atomi Financial Group Inc. boosted its holdings in XPeng by 44.9% during the 4th quarter. Atomi Financial Group Inc. now owns 15,346 shares of the company's stock worth $181,000 after acquiring an additional 4,758 shares during the last quarter. Finally, Avior Wealth Management LLC grew its stake in shares of XPeng by 1,215.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock worth $33,000 after acquiring an additional 2,564 shares in the last quarter. Institutional investors and hedge funds own 21.09% of the company's stock.

XPeng Stock Performance

NYSE XPEV traded down $0.51 during trading on Friday, hitting $18.21. 5,884,987 shares of the company's stock traded hands, compared to its average volume of 13,007,584. The stock has a market capitalization of $17.28 billion, a price-to-earnings ratio of -20.93 and a beta of 2.62. 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 business has a 50 day moving average of $20.23 and a 200-day moving average of $15.46. XPeng Inc. has a 12-month low of $6.55 and a 12-month high of $27.16.

XPeng (NYSE:XPEV - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported ($0.19) 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 business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $16.11 billion. As a group, equities research analysts anticipate that XPeng Inc. will post -0.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Citigroup upgraded shares of XPeng from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $13.70 to $29.00 in a report on Monday, March 10th. Nomura Securities upgraded XPeng to a "strong-buy" rating in a research note on Tuesday, March 18th. Daiwa America downgraded XPeng from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Sanford C. Bernstein set a $18.00 price objective on XPeng and gave the stock a "market perform" rating in a research report on Wednesday, March 19th. Finally, Bank of America raised their target price on XPeng from $18.60 to $27.00 and gave the company a "buy" rating in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $22.20.

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.