GTS Securities LLC Cuts Stock Holdings in XPeng Inc. (NYSE:XPEV)

GTS Securities LLC trimmed its holdings in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 88.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,675 shares of the company's stock after selling 148,995 shares during the quarter. GTS Securities LLC's holdings in XPeng were worth $233,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of XPEV. EverSource Wealth Advisors LLC lifted its position in XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after acquiring an additional 898 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock worth $40,000 after purchasing an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC purchased a new stake in shares of XPeng during the 4th quarter valued at $41,000. Natixis purchased a new stake in shares of XPeng during the 4th quarter valued at $43,000. Finally, Compagnie Lombard Odier SCmA boosted its position in shares of XPeng by 1,703.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company's stock worth $96,000 after purchasing an additional 7,665 shares in the last quarter. 21.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XPEV has been the topic of a number of research analyst reports. Nomura Securities upgraded XPeng to a "strong-buy" rating in a research note on Tuesday, March 18th. Nomura raised shares of XPeng from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $14.00 to $30.00 in a research report on Wednesday, March 19th. JPMorgan Chase & Co. decreased their price target on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a report 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. Finally, Barclays raised their target price on XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a research note on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $22.29.

XPeng Price Performance

NYSE XPEV traded down $0.03 during trading hours on Monday, reaching $19.28. The company's stock had a trading volume of 3,879,562 shares, compared to its average volume of 12,044,518. The firm has a market capitalization of $18.30 billion, a price-to-earnings ratio of -22.16 and a beta of 2.64. The company's 50-day moving average is $19.61 and its two-hundred day moving average is $17.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. XPeng Inc. has a 1-year low of $6.60 and a 1-year high of $27.16.

XPeng (NYSE:XPEV - Get Free Report) last announced its earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.51) by $1.41. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. The firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $15.80 billion. On average, equities analysts predict that XPeng Inc. will post -0.96 EPS for the current year.

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.