Central Asset Investments & Management Holdings HK Ltd Makes New $2.20 Million Investment in XPeng Inc. (NYSE:XPEV)

Central Asset Investments & Management Holdings HK Ltd bought a new stake in shares of XPeng Inc. (NYSE:XPEV - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 300,000 shares of the company's stock, valued at approximately $2,199,000. XPeng comprises about 0.8% of Central Asset Investments & Management Holdings HK Ltd's investment portfolio, making the stock its 16th largest holding.

A number of other large investors also recently added to or reduced their stakes in XPEV. Jump Financial LLC purchased a new position in XPeng in the 4th quarter worth approximately $326,000. Norges Bank purchased a new position in shares of XPeng in the fourth quarter worth $41,993,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in XPeng during the 4th quarter valued at $527,000. Primecap Management Co. CA boosted its position in XPeng by 5.3% during the 4th quarter. Primecap Management Co. CA now owns 12,497,823 shares of the company's stock valued at $182,343,000 after buying an additional 624,926 shares during the period. Finally, Capstone Investment Advisors LLC bought a new stake in XPeng in the 4th quarter worth $360,000. Hedge funds and other institutional investors own 23.05% of the company's stock.

XPeng Stock Down 4.5 %

Shares of XPEV traded down $0.41 on Wednesday, reaching $8.64. The stock had a trading volume of 9,374,059 shares, compared to its average volume of 12,894,333. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.31 and a current ratio of 1.50. XPeng Inc. has a 12-month low of $6.55 and a 12-month high of $18.74. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of -6.12 and a beta of 2.75. The company has a 50-day simple moving average of $7.94 and a 200-day simple moving average of $8.09.

XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings data on Tuesday, August 20th. The company reported ($0.19) EPS for the quarter. The firm had revenue of $1.12 billion for the quarter. XPeng had a negative net margin of 21.64% and a negative return on equity of 23.38%. Sell-side analysts predict that XPeng Inc. will post -0.95 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Citigroup lowered their price objective on shares of XPeng from $8.30 to $7.60 and set a "neutral" rating for the company in a research note on Wednesday, August 21st. Macquarie upgraded XPeng from a "neutral" rating to an "outperform" rating in a research report on Friday, August 30th. Daiwa America upgraded XPeng to a "strong-buy" rating in a report on Thursday, May 23rd. JPMorgan Chase & Co. raised XPeng from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $8.00 to $11.50 in a research note on Thursday, September 5th. Finally, Daiwa Capital Markets raised shares of XPeng from a "neutral" rating to a "buy" rating and set a $11.00 price objective on the stock in a research report on Thursday, May 23rd. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, XPeng has a consensus rating of "Buy" and a consensus target price of $12.08.

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.