Quinn Opportunity Partners LLC Acquires Shares of 213,886 XPeng Inc. (NYSE:XPEV)

Quinn Opportunity Partners LLC bought a new stake in XPeng Inc. (NYSE:XPEV - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 213,886 shares of the company's stock, valued at approximately $2,528,000.

Several other large investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in XPeng by 1,138.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock worth $54,354,000 after acquiring an additional 4,227,055 shares during the period. Van ECK Associates Corp grew its stake in shares of XPeng by 14.2% in the 4th quarter. Van ECK Associates Corp now owns 253,875 shares of the company's stock worth $3,001,000 after purchasing an additional 31,538 shares during the last quarter. FMR LLC grew its stake in shares of XPeng by 1,053.8% in the 3rd quarter. FMR LLC now owns 323,581 shares of the company's stock worth $3,941,000 after purchasing an additional 295,536 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of XPeng in the 4th quarter worth approximately $554,000. Finally, AI Squared Management Ltd acquired a new stake in XPeng during the fourth quarter valued at approximately $2,126,000. Institutional investors and hedge funds own 21.09% of the company's stock.

Wall Street Analysts Forecast Growth

XPEV has been the subject of a number of recent research reports. Macquarie reiterated a "neutral" rating and set a $18.00 price objective on shares of XPeng in a research report on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday, March 19th. Bank of America upped their price objective on shares of XPeng from $18.60 to $27.00 and gave the company a "buy" rating in a research note on Wednesday, March 19th. Nomura Securities upgraded shares of XPeng to a "strong-buy" rating in a report on Tuesday, March 18th. Finally, Barclays increased their price objective on XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $22.20.

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XPeng Stock Performance

Shares of XPEV stock traded down $1.28 during trading hours on Tuesday, reaching $19.81. 9,471,536 shares of the company's stock were exchanged, compared to its average volume of 13,062,671. The stock has a market capitalization of $18.66 billion, a P/E ratio of -22.76 and a beta of 2.62. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $27.16. The business has a fifty day moving average price of $20.05 and a 200-day moving average price of $15.32. 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 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 the consensus estimate of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. Analysts predict that XPeng Inc. will post -0.96 EPS for the current fiscal year.

About XPeng

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.