Susquehanna International Group Ltd. Sells 65,509 Shares of XPeng Inc. (NYSE:XPEV)

Susquehanna International Group Ltd. lessened its holdings in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 83.4% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,068 shares of the company's stock after selling 65,509 shares during the quarter. Susquehanna International Group Ltd.'s holdings in XPeng were worth $96,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Point72 Europe London LLP bought a new position in XPeng during the second quarter worth about $5,923,000. Bank of Montreal Can boosted its position in XPeng by 212.1% during the second quarter. Bank of Montreal Can now owns 4,008,846 shares of the company's stock worth $31,910,000 after purchasing an additional 2,724,549 shares during the period. DRW Securities LLC boosted its position in XPeng by 135.1% during the second quarter. DRW Securities LLC now owns 82,524 shares of the company's stock worth $604,000 after purchasing an additional 47,423 shares during the period. Sei Investments Co. lifted its holdings in shares of XPeng by 15.7% in the second quarter. Sei Investments Co. now owns 149,710 shares of the company's stock worth $1,097,000 after buying an additional 20,310 shares in the last quarter. Finally, Central Asset Investments & Management Holdings HK Ltd purchased a new stake in shares of XPeng in the second quarter worth about $2,199,000. Institutional investors own 23.05% of the company's stock.

XPeng Price Performance

NYSE XPEV traded up $1.05 on Friday, reaching $12.72. 25,072,434 shares of the company's stock traded hands, compared to its average volume of 13,067,819. XPeng Inc. has a 12 month low of $6.55 and a 12 month high of $18.74. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.50 and a quick ratio of 1.31. The stock has a 50-day simple moving average of $8.23 and a 200 day simple moving average of $8.16. The stock has a market cap of $11.98 billion, a PE ratio of -8.59 and a beta of 2.75.

XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings results on Tuesday, August 20th. The company reported ($0.19) earnings per share for the quarter. The company had revenue of $1.12 billion during the quarter. XPeng had a negative net margin of 21.64% and a negative return on equity of 23.38%. As a group, research analysts predict that XPeng Inc. will post -0.95 earnings per share for the current year.

Wall Street Analyst Weigh In

XPEV has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised shares of XPeng from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $8.00 to $11.50 in a report on Thursday, September 5th. Citigroup lowered their price target on shares of XPeng from $8.30 to $7.60 and set a "neutral" rating on the stock in a report on Wednesday, August 21st. Bank of America lowered their price target on shares of XPeng from $11.00 to $10.00 and set a "buy" rating on the stock in a report on Wednesday, August 21st. Finally, Macquarie raised shares of XPeng from a "neutral" rating to an "outperform" rating in a research note on Friday, August 30th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $9.42.

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.