XPeng Inc. (NYSE:XPEV) Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. lowered its stake in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 38.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 269,808 shares of the company's stock after selling 167,837 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in XPeng were worth $3,159,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. TMT General Partner Ltd acquired a new position in shares of XPeng during the 4th quarter valued at about $205,501,000. Y Intercept Hong Kong Ltd purchased a new position in XPeng during the third quarter worth about $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 last quarter. AI Squared Management Ltd purchased a new stake in shares of XPeng in the 4th quarter valued at approximately $2,126,000. Finally, Point72 Italy S.r.l. acquired a new stake in shares of XPeng during the 3rd quarter worth approximately $1,160,000. 21.09% of the stock is currently owned by hedge funds and other institutional investors.

XPeng Trading Down 8.0 %

XPeng stock traded down $1.69 during trading on Friday, hitting $19.43. The company's stock had a trading volume of 15,827,964 shares, compared to its average volume of 12,969,184. The stock's fifty day moving average is $19.66 and its 200 day moving average is $14.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. XPeng Inc. has a 1-year low of $6.55 and a 1-year high of $27.16. The stock has a market capitalization of $18.30 billion, a price-to-earnings ratio of -22.33 and a beta of 2.62.

XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, topping the consensus estimate 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 company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $16.11 billion. As a group, equities research analysts predict that XPeng Inc. will post -0.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on XPEV. Sanford C. Bernstein set a $18.00 price objective on XPeng and gave the company a "market perform" rating in a report on Wednesday, March 19th. Daiwa Capital Markets reaffirmed a "neutral" rating and issued a $24.00 price target on shares of XPeng in a research note on Wednesday, March 19th. Daiwa America downgraded XPeng from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Barclays boosted their price objective on shares of XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, March 20th. Finally, Bank of America increased their target price on shares of XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $22.20.

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.