Quantbot Technologies LP Buys Shares of 19,234 XPeng Inc. (NYSE:XPEV)

Quantbot Technologies LP purchased a new stake in shares of XPeng Inc. (NYSE:XPEV - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 19,234 shares of the company's stock, valued at approximately $227,000.

Several other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its position in 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 acquiring an additional 898 shares during the period. Avior Wealth Management LLC raised its holdings in 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 purchasing an additional 2,564 shares during the period. Lindbrook Capital LLC lifted its position in XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock valued at $40,000 after purchasing an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC bought a new stake in XPeng during the fourth quarter valued at about $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 buying an additional 7,665 shares in the last quarter. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

XPeng Trading Up 5.5 %

Shares of XPEV traded up $1.09 during mid-day trading on Monday, reaching $20.79. 10,810,249 shares of the company's stock traded hands, compared to its average volume of 13,049,863. XPeng Inc. has a 12 month low of $6.55 and a 12 month high of $27.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The stock has a market cap of $19.58 billion, a P/E ratio of -23.89 and a beta of 2.68. The stock's 50-day moving average is $19.05 and its two-hundred day moving average is $14.51.

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XPeng (NYSE:XPEV - Get Free Report) last released its earnings results 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. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. Research analysts forecast that XPeng Inc. will post -0.96 earnings per share for the current fiscal year.

Analysts Set New Price Targets

XPEV has been the topic of a number of analyst reports. Macquarie reaffirmed a "neutral" rating and set a $18.00 price objective on shares of XPeng in a research report on Friday, February 7th. Barclays upped their target price on shares of XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, March 20th. JPMorgan Chase & Co. decreased their target price on XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 19th. Nomura Securities raised XPeng to a "strong-buy" rating in a report on Tuesday, March 18th. Finally, UBS Group raised shares of XPeng from a "sell" rating to a "neutral" rating and increased their price objective for the company from $8.80 to $18.00 in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average 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.