Savant Capital LLC Takes Position in XPeng Inc. (NYSE:XPEV)

Savant Capital LLC purchased a new stake in XPeng Inc. (NYSE:XPEV - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 19,342 shares of the company's stock, valued at approximately $229,000.

Other hedge funds have also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd acquired a new stake in shares of XPeng during the third quarter worth $6,233,000. FMR LLC boosted its holdings in XPeng by 1,053.8% in the 3rd quarter. FMR LLC now owns 323,581 shares of the company's stock valued at $3,941,000 after purchasing an additional 295,536 shares during the period. TMT General Partner Ltd acquired a new position in shares of XPeng during the 4th quarter worth approximately $205,501,000. Point72 Hong Kong Ltd acquired a new position in shares of XPeng during the 3rd quarter worth approximately $22,047,000. Finally, Central Asset Investments & Management Holdings HK Ltd increased its holdings in shares of XPeng by 36.0% during the third quarter. Central Asset Investments & Management Holdings HK Ltd now owns 408,000 shares of the company's stock worth $4,969,000 after purchasing an additional 108,000 shares during the period. 21.09% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein increased their price target on XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 20th. UBS Group reissued a "sell" rating and set a $8.80 target price (up from $8.20) on shares of XPeng in a report on Thursday, December 5th. The Goldman Sachs Group downgraded XPeng from a "buy" rating to a "neutral" rating and set a $12.50 price target for the company. in a research note on Thursday, November 21st. Macquarie reaffirmed a "neutral" rating and set a $18.00 price objective on shares of XPeng in a research report on Friday, February 7th. Finally, Citigroup reduced their price objective on shares of XPeng from $14.60 to $13.70 and set a "neutral" rating on the stock in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $12.91.

XPeng Price Performance

Shares of XPeng stock traded up $0.71 during midday trading on Friday, hitting $18.41. 13,839,776 shares of the company traded hands, compared to its average volume of 9,996,601. The stock has a market cap of $17.34 billion, a price-to-earnings ratio of -21.15 and a beta of 2.77. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The firm's fifty day moving average price is $14.27 and its 200-day moving average price is $11.93. XPeng Inc. has a 12 month low of $6.55 and a 12 month high of $19.36.

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.