XPeng Inc. (NYSE:XPEV) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP raised its holdings in XPeng Inc. (NYSE:XPEV - Free Report) by 49.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 40,660 shares of the company's stock after acquiring an additional 13,507 shares during the period. Quantinno Capital Management LP's holdings in XPeng were worth $481,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of XPeng by 1,138.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock valued at $54,354,000 after buying an additional 4,227,055 shares during the period. Van ECK Associates Corp grew its stake in shares of XPeng by 14.2% during the 4th quarter. Van ECK Associates Corp now owns 253,875 shares of the company's stock valued at $3,001,000 after buying an additional 31,538 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of XPeng during the 4th quarter valued at $554,000. AI Squared Management Ltd purchased a new stake in shares of XPeng during the 4th quarter valued at $2,126,000. Finally, Savant Capital LLC purchased a new stake in shares of XPeng during the 4th quarter valued at $229,000. 21.09% of the stock is owned by hedge funds and other institutional investors.

XPeng Stock Up 3.7%

NYSE:XPEV traded up $0.72 on Thursday, reaching $20.05. The stock had a trading volume of 4,836,891 shares, compared to its average volume of 12,096,631. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The company has a 50-day moving average of $19.67 and a 200 day moving average of $16.99. The stock has a market cap of $19.02 billion, a P/E ratio of -23.04 and a beta of 2.64. XPeng Inc. has a 12-month low of $6.60 and a 12-month high of $27.16.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Nomura Securities raised shares of XPeng to a "strong-buy" rating in a research note on Tuesday, March 18th. Macquarie reissued a "neutral" rating and set a $18.00 price objective on shares of XPeng in a research note on Friday, February 7th. UBS Group raised shares of XPeng from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $8.80 to $18.00 in a research note on Monday, February 24th. Daiwa Capital Markets reaffirmed a "neutral" rating and set a $24.00 price target on shares of XPeng in a research report on Wednesday, March 19th. Finally, Nomura raised shares of XPeng from a "neutral" rating to a "buy" rating and upped their price target for the stock from $14.00 to $30.00 in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $22.29.

About XPeng

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.