Tidal Investments LLC Sells 23,149 Shares of XPeng Inc. (NYSE:XPEV)

Tidal Investments LLC reduced its holdings in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 20.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 92,395 shares of the company's stock after selling 23,149 shares during the quarter. Tidal Investments LLC's holdings in XPeng were worth $1,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Polar Capital Holdings Plc purchased a new stake in XPeng during the fourth quarter valued at $6,596,000. Quantinno Capital Management LP increased its position in XPeng by 49.7% during the fourth 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 last quarter. Man Group plc increased its position in XPeng by 46.4% in the fourth quarter. Man Group plc now owns 294,141 shares of the company's stock worth $3,477,000 after buying an additional 93,160 shares in the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of XPeng by 947.5% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company's stock worth $20,800,000 after buying an additional 1,591,750 shares during the period. Finally, Oasis Management Co Ltd. bought a new position in shares of XPeng in the fourth quarter worth about $355,000. 21.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. UBS Group raised shares of XPeng from a "sell" rating to a "neutral" rating and lifted their price target for the company from $8.80 to $18.00 in a report on Monday, February 24th. Bank of America lifted their target price on shares of XPeng from $18.60 to $27.00 and gave the company a "buy" rating in a research note on Wednesday, March 19th. Sanford C. Bernstein set a $19.00 target price on shares of XPeng and gave the stock a "market perform" rating in a report on Thursday, May 22nd. Daiwa America cut XPeng from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. lowered their price objective on XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, XPeng currently has an average rating of "Hold" and an average price target of $22.29.

XPeng Price Performance

Shares of NYSE:XPEV traded up $0.06 on Wednesday, reaching $19.39. The company's stock had a trading volume of 5,689,482 shares, compared to its average volume of 12,119,217. The company has a 50-day simple moving average of $19.71 and a 200 day simple moving average of $16.97. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. XPeng Inc. has a 52-week low of $6.60 and a 52-week high of $27.16. The company has a market cap of $18.40 billion, a P/E ratio of -22.29 and a beta of 2.64.

XPeng (NYSE:XPEV - Get Free Report) last issued its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $15.80 billion. As a group, equities research analysts anticipate that XPeng Inc. will post -0.96 EPS for the current fiscal year.

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.