Mitsubishi UFJ Asset Management Co. Ltd. lowered its position in XPeng Inc. (NYSE:XPEV - Free Report) by 38.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. 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 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in XPEV. TMT General Partner Ltd acquired a new stake in shares of XPeng during the 4th quarter worth approximately $205,501,000. Y Intercept Hong Kong Ltd acquired a new position in shares of XPeng during the 3rd quarter valued at about $6,233,000. FMR LLC grew its stake in shares of 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 buying an additional 295,536 shares during the period. AI Squared Management Ltd purchased a new stake in shares of XPeng during 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 about $1,160,000. Institutional investors and hedge funds own 21.09% of the company's stock.
XPeng Price Performance
Shares of NYSE:XPEV traded down $0.02 during trading hours on Thursday, hitting $21.11. 6,956,905 shares of the company's stock traded hands, compared to its average volume of 12,977,966. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The company has a market cap of $19.88 billion, a price-to-earnings ratio of -24.26 and a beta of 2.68. XPeng Inc. has a 52 week low of $6.55 and a 52 week high of $27.16. The company's fifty day simple moving average is $19.43 and its two-hundred day simple moving average is $14.73.
XPeng (NYSE:XPEV - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, beating 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 firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. As a group, equities analysts anticipate that XPeng Inc. will post -0.96 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on XPEV. Citigroup raised XPeng from a "neutral" rating to a "buy" rating and increased their price target for the company from $13.70 to $29.00 in a research report on Monday, March 10th. 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 note on Thursday, March 20th. JPMorgan Chase & Co. lowered their target price on XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 19th. Nomura upgraded 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 report on Wednesday, March 19th. Finally, Bank of America upped their price objective on XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. One 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 data from MarketBeat, XPeng presently has an average rating of "Hold" and an average price target of $22.20.
Check Out Our Latest Analysis on XPEV
About XPeng
(
Free Report)
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.
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