Primecap Management Co. CA Has $185.48 Million Stock Holdings in XPeng Inc. (NYSE:XPEV)

Primecap Management Co. CA trimmed its stake in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,691,975 shares of the company's stock after selling 261,070 shares during the period. Primecap Management Co. CA owned about 1.67% of XPeng worth $185,479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XPEV. Signaturefd LLC boosted its stake in XPeng by 8.2% in the 4th quarter. Signaturefd LLC now owns 25,821 shares of the company's stock worth $305,000 after purchasing an additional 1,952 shares during the period. Corient Private Wealth LLC boosted its position in shares of XPeng by 7.3% in the fourth quarter. Corient Private Wealth LLC now owns 39,782 shares of the company's stock worth $470,000 after buying an additional 2,707 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new position in XPeng during the 4th quarter valued at about $554,000. EverSource Wealth Advisors LLC grew its position in XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after purchasing an additional 898 shares in the last quarter. Finally, Sequoia Financial Advisors LLC increased its stake in shares of XPeng by 7.7% in the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company's stock worth $170,000 after acquiring an additional 1,027 shares during the last quarter. Institutional investors and hedge funds own 21.09% of the company's stock.

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XPeng Stock Performance

XPEV stock traded down $0.27 during mid-day trading on Friday, reaching $21.81. 12,586,942 shares of the stock traded hands, compared to its average volume of 13,237,713. The firm has a market capitalization of $20.54 billion, a PE ratio of -25.06 and a beta of 2.68. The business has a 50-day moving average of $18.10 and a two-hundred day moving average of $13.92. XPeng Inc. has a 52 week low of $6.55 and a 52 week high of $27.16. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22.

XPeng (NYSE:XPEV - Get Free Report) last released its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. As a group, equities analysts predict that XPeng Inc. will post -0.96 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on XPEV shares. China Renaissance raised XPeng from a "hold" rating to a "buy" rating and set a $16.70 price objective for the company in a research report on Friday, November 22nd. Bank of America lifted their price target on XPeng from $18.60 to $27.00 and gave the company a "buy" rating in a report on Wednesday. JPMorgan Chase & Co. lowered their price target on XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday. Barclays raised their price objective on shares of XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday. Finally, Nomura upgraded shares of XPeng from a "neutral" rating to a "buy" rating and increased their price target for the stock from $14.00 to $30.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $21.84.

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.