TMT General Partner Ltd Makes New $205.50 Million Investment in XPeng Inc. (NYSE:XPEV)

TMT General Partner Ltd acquired a new stake in XPeng Inc. (NYSE:XPEV - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,385,893 shares of the company's stock, valued at approximately $205,501,000. XPeng accounts for 94.0% of TMT General Partner Ltd's portfolio, making the stock its biggest holding. TMT General Partner Ltd owned about 1.85% of XPeng at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of XPEV. Bank of Montreal Can raised its holdings in shares of XPeng by 212.1% in the 2nd quarter. Bank of Montreal Can now owns 4,008,846 shares of the company's stock valued at $31,910,000 after acquiring an additional 2,724,549 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in shares of XPeng in the third quarter worth approximately $22,047,000. Point72 Europe London LLP purchased a new stake in XPeng in the second quarter valued at approximately $5,923,000. Y Intercept Hong Kong Ltd bought a new stake in XPeng during the third quarter valued at approximately $6,233,000. Finally, FMR LLC grew its stake in 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 buying an additional 295,536 shares in the last quarter. Hedge funds and other institutional investors own 21.09% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on XPEV shares. The Goldman Sachs Group cut shares of XPeng from a "buy" rating to a "neutral" rating and set a $12.50 price objective on the stock. in a research report on Thursday, November 21st. China Renaissance upgraded XPeng from a "hold" rating to a "buy" rating and set a $16.70 price target on the stock in a research report on Friday, November 22nd. Sanford C. Bernstein upped their price objective on XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a report on Wednesday, November 20th. Citigroup reduced their price objective on XPeng from $14.60 to $13.70 and set a "neutral" rating on the stock in a research report on Wednesday, November 20th. Finally, UBS Group restated a "sell" rating and issued a $8.80 target price (up previously from $8.20) on shares of XPeng in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $11.69.

XPeng Trading Up 2.0 %

XPEV stock traded up $0.28 during midday trading on Friday, hitting $14.15. The company had a trading volume of 9,562,620 shares, compared to its average volume of 7,483,229. The stock has a market cap of $13.32 billion, a price-to-earnings ratio of -16.26 and a beta of 2.74. XPeng Inc. has a 52 week low of $6.55 and a 52 week high of $15.68. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The stock's 50 day moving average price is $12.61 and its 200 day moving average price is $10.56.

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.