Fmr LLC Has $3.94 Million Position in XPeng Inc. (NYSE:XPEV)

FMR LLC raised its stake in XPeng Inc. (NYSE:XPEV - Free Report) by 1,053.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 323,581 shares of the company's stock after acquiring an additional 295,536 shares during the period. FMR LLC's holdings in XPeng were worth $3,941,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Harel Insurance Investments & Financial Services Ltd. lifted its position in XPeng by 122.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company's stock worth $39,000 after purchasing an additional 2,920 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of XPeng in the third quarter valued at $45,000. Blue Trust Inc. increased its holdings in shares of XPeng by 2,615.9% in the second quarter. Blue Trust Inc. now owns 9,750 shares of the company's stock valued at $75,000 after buying an additional 9,391 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in XPeng during the 3rd quarter valued at $110,000. Finally, Susquehanna International Securities Ltd. acquired a new stake in XPeng during the 2nd quarter valued at $129,000. 21.09% of the stock is currently owned by institutional investors and hedge funds.

XPeng Stock Performance

Shares of NYSE XPEV traded down $0.51 during trading hours on Friday, reaching $12.30. The stock had a trading volume of 9,744,204 shares, compared to its average volume of 12,111,084. The business's fifty day moving average is $12.27 and its two-hundred day moving average is $9.74. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The company has a market cap of $11.59 billion, a price-to-earnings ratio of -14.14 and a beta of 2.76. XPeng Inc. has a twelve month low of $6.55 and a twelve month high of $16.28.

Analysts Set New Price Targets

Several brokerages recently issued reports on XPEV. Bank of America cut their price objective on XPeng from $11.00 to $10.00 and set a "buy" rating for the company in a report on Wednesday, August 21st. China Renaissance upgraded shares of XPeng from a "hold" rating to a "buy" rating and set a $16.70 price objective for the company in a report on Friday, November 22nd. UBS Group reissued a "sell" rating and set a $8.80 target price (up from $8.20) on shares of XPeng in a research report on Thursday, December 5th. Macquarie raised XPeng from a "neutral" rating to an "outperform" rating in a research report on Friday, August 30th. Finally, Sanford C. Bernstein increased their price objective on XPeng from $9.00 to $14.00 and gave the company a "market perform" rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, XPeng has a consensus rating of "Moderate Buy" and an average price target of $11.69.

XPeng 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.