Savant Capital LLC Takes $229,000 Position in XPeng Inc. (NYSE:XPEV)

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

A number of other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of XPeng during the 4th quarter worth about $41,000. Robeco Institutional Asset Management B.V. boosted its stake in XPeng by 1.8% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 214,411 shares of the company's stock worth $2,534,000 after buying an additional 3,821 shares during the last quarter. KBC Group NV boosted its stake in XPeng by 22.2% in the 4th quarter. KBC Group NV now owns 32,312 shares of the company's stock worth $382,000 after buying an additional 5,879 shares during the last quarter. Blue Trust Inc. increased its stake in shares of XPeng by 221.0% during the 4th quarter. Blue Trust Inc. now owns 20,699 shares of the company's stock valued at $252,000 after acquiring an additional 14,250 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in shares of XPeng by 1,215.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock worth $33,000 after acquiring an additional 2,564 shares during the period. Hedge funds and other institutional investors own 21.09% of the company's stock.

Wall Street Analyst Weigh In

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

XPeng Stock Performance

Shares of XPEV traded down $0.30 during mid-day trading on Thursday, hitting $17.70. The stock had a trading volume of 8,439,480 shares, compared to its average volume of 10,755,188. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The company has a market cap of $16.67 billion, a PE ratio of -20.34 and a beta of 2.77. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $18.29. The company's fifty day simple moving average is $14.15 and its two-hundred day simple moving average is $11.82.

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.