Y Intercept Hong Kong Ltd purchased a new stake in XPeng Inc. (NYSE:XPEV - Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 511,768 shares of the company's stock, valued at approximately $6,233,000. Y Intercept Hong Kong Ltd owned about 0.05% of XPeng at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the business. Greenleaf Trust grew its position in shares of XPeng by 16.2% in the third quarter. Greenleaf Trust now owns 16,068 shares of the company's stock valued at $196,000 after purchasing an additional 2,243 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of XPeng by 24.3% in the third quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company's stock valued at $163,000 after purchasing an additional 2,609 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its position in shares of XPeng by 122.4% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 5,306 shares of the company's stock valued at $39,000 after purchasing an additional 2,920 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of XPeng in the third quarter valued at approximately $45,000. Finally, Signaturefd LLC grew its position in shares of XPeng by 19.4% in the second quarter. Signaturefd LLC now owns 24,647 shares of the company's stock valued at $181,000 after purchasing an additional 4,002 shares during the last quarter. 23.05% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently commented on XPEV shares. China Renaissance upgraded shares of 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. Bank of America decreased their target price on shares of XPeng from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Wednesday, August 21st. Macquarie upgraded shares of XPeng from a "neutral" rating to an "outperform" rating in a research report on Friday, August 30th. Sanford C. Bernstein raised their target price on shares of XPeng from $9.00 to $14.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 20th. Finally, Citigroup decreased their target price on shares of XPeng from $14.60 to $13.70 and set a "neutral" rating on the stock in a research report on Wednesday, November 20th. 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $11.69.
Check Out Our Latest Stock Analysis on XPEV
XPeng Trading Up 13.0 %
Shares of XPEV traded up $1.62 during mid-day trading on Monday, reaching $14.12. The company had a trading volume of 22,237,229 shares, compared to its average volume of 13,674,083. The stock has a market cap of $13.30 billion, a price-to-earnings ratio of -16.23 and a beta of 2.76. The firm has a fifty day simple moving average of $12.24 and a 200-day simple moving average of $9.58. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $16.28. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.
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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