Man Group plc Boosts Holdings in XPeng Inc. (NYSE:XPEV)

Man Group plc lifted its holdings in XPeng Inc. (NYSE:XPEV - Free Report) by 46.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 294,141 shares of the company's stock after purchasing an additional 93,160 shares during the period. Man Group plc's holdings in XPeng were worth $3,477,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of XPeng by 5.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company's stock worth $154,000 after acquiring an additional 716 shares in the last quarter. EverSource Wealth Advisors LLC boosted its stake in shares of XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after buying an additional 898 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of XPeng by 3.9% in the 4th quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company's stock valued at $286,000 after buying an additional 913 shares during the period. Sequoia Financial Advisors LLC grew its position in shares of XPeng by 7.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company's stock worth $170,000 after buying an additional 1,027 shares in the last quarter. Finally, Lindbrook Capital LLC increased its stake 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 buying an additional 1,138 shares during the period. 21.09% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XPEV has been the subject of a number of recent research reports. Macquarie upgraded shares of XPeng from a "neutral" rating to an "outperform" rating in a research note on Wednesday. Nomura Securities upgraded shares of XPeng to a "strong-buy" rating in a research note on Tuesday, March 18th. UBS Group upgraded XPeng from a "sell" rating to a "neutral" rating and raised their price target for the company from $8.80 to $18.00 in a research note on Monday, February 24th. Bank of America lifted their price target on XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. dropped their price objective on XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $22.20.

XPeng Trading Up 13.1%

NYSE XPEV opened at $22.27 on Thursday. The firm's fifty day moving average is $19.98 and its two-hundred day moving average is $16.76. XPeng Inc. has a one year low of $6.60 and a one year high of $27.16. 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 firm has a market cap of $21.13 billion, a PE ratio of -25.59 and a beta of 2.64.

XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.36) by $1.17. The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. Analysts expect that XPeng Inc. will post -0.96 earnings per share for the current year.

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.

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