SIH Partners LLLP Has $3.59 Million Holdings in XPeng Inc. (NYSE:XPEV)

SIH Partners LLLP cut its stake in XPeng Inc. (NYSE:XPEV - Free Report) by 27.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 303,797 shares of the company's stock after selling 113,142 shares during the period. SIH Partners LLLP's holdings in XPeng were worth $3,591,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of XPEV. TMT General Partner Ltd acquired a new position in shares of XPeng in the 4th quarter valued at $205,501,000. JPMorgan Chase & Co. increased its stake in XPeng by 1,138.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock valued at $54,354,000 after acquiring an additional 4,227,055 shares during the period. Jump Financial LLC acquired a new position in XPeng in the fourth quarter worth about $5,813,000. Renaissance Technologies LLC lifted its stake in XPeng by 51.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,073,367 shares of the company's stock worth $12,687,000 after purchasing an additional 366,667 shares during the period. Finally, Quinn Opportunity Partners LLC acquired a new stake in XPeng during the fourth quarter valued at approximately $2,528,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPeng Trading Down 3.5 %

Shares of XPEV traded down $0.72 during trading hours on Friday, hitting $20.08. 7,280,280 shares of the stock traded hands, compared to its average volume of 12,921,434. The business has a fifty day moving average of $20.49 and a 200-day moving average of $15.63. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. XPeng Inc. has a 1-year low of $6.60 and a 1-year high of $27.16. The firm has a market capitalization of $19.06 billion, a PE ratio of -23.08 and a beta of 2.62.

XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) 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 business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $16.11 billion. Analysts expect that XPeng Inc. will post -0.96 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Citigroup raised XPeng from a "neutral" rating to a "buy" rating and increased their target price for the stock from $13.70 to $29.00 in a report on Monday, March 10th. JPMorgan Chase & Co. cut their price objective on XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday, March 19th. Barclays increased their target price on shares of XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a research report on Thursday, March 20th. Nomura raised shares of XPeng from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $14.00 to $30.00 in a research note on Wednesday, March 19th. Finally, Nomura Securities raised shares of XPeng to a "strong-buy" rating in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, six have assigned 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.com, the stock presently 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.