GTS Securities LLC Sells 148,995 Shares of XPeng Inc. (NYSE:XPEV)

GTS Securities LLC trimmed its position in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 88.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,675 shares of the company's stock after selling 148,995 shares during the period. GTS Securities LLC's holdings in XPeng were worth $233,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Vise Technologies Inc. bought a new stake in XPeng during the 4th quarter worth approximately $142,000. Vident Advisory LLC lifted its position in shares of XPeng by 7.6% during the 4th quarter. Vident Advisory LLC now owns 53,632 shares of the company's stock valued at $634,000 after acquiring an additional 3,810 shares during the period. Twinbeech Capital LP lifted its position in shares of XPeng by 22.4% during the 4th quarter. Twinbeech Capital LP now owns 407,097 shares of the company's stock valued at $4,812,000 after acquiring an additional 74,574 shares during the period. Polar Capital Holdings Plc acquired a new position in shares of XPeng during the 4th quarter valued at $6,596,000. Finally, Quantinno Capital Management LP lifted its position in shares of XPeng by 49.7% during the 4th quarter. Quantinno Capital Management LP now owns 40,660 shares of the company's stock valued at $481,000 after acquiring an additional 13,507 shares during the period. 21.09% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Bank of America boosted their target price on shares of XPeng from $18.60 to $27.00 and gave the company a "buy" rating in a research report on Wednesday, March 19th. Macquarie reiterated a "neutral" rating and set a $18.00 target price on shares of XPeng in a research report on Friday, February 7th. Nomura Securities upgraded shares of XPeng to a "strong-buy" rating in a research report on Tuesday, March 18th. 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 report on Wednesday, March 19th. Finally, Citigroup upgraded shares of XPeng from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $13.70 to $29.00 in a report on Monday, March 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $22.29.

XPeng Stock Up 3.6%

Shares of NYSE XPEV traded up $0.70 during trading on Wednesday, hitting $20.33. The stock had a trading volume of 6,319,237 shares, compared to its average volume of 12,019,209. XPeng Inc. has a 12 month low of $6.60 and a 12 month high of $27.16. 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 capitalization of $19.29 billion, a PE ratio of -23.37 and a beta of 2.58. The firm has a fifty day moving average of $19.58 and a two-hundred day moving average of $17.20.

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