XPeng Inc. (NYSE:XPEV) is TMT General Partner Ltd's Largest Position

TMT General Partner Ltd boosted its position in XPeng Inc. (NYSE:XPEV - Free Report) by 88.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,726,800 shares of the company's stock after buying an additional 15,340,907 shares during the quarter. XPeng makes up approximately 94.0% of TMT General Partner Ltd's portfolio, making the stock its biggest position. TMT General Partner Ltd owned about 3.47% of XPeng worth $678,099,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in shares of XPeng by 1,138.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock valued at $54,354,000 after acquiring an additional 4,227,055 shares in the last quarter. Van ECK Associates Corp increased its position in shares of XPeng by 14.2% during the fourth quarter. Van ECK Associates Corp now owns 253,875 shares of the company's stock valued at $3,001,000 after acquiring an additional 31,538 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of XPeng in the fourth quarter worth $554,000. AI Squared Management Ltd purchased a new stake in XPeng in the fourth quarter worth approximately $2,126,000. Finally, Savant Capital LLC purchased a new position in XPeng in the fourth quarter worth about $229,000. 21.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XPEV has been the topic of a number of recent analyst reports. Nomura raised XPeng from a "neutral" rating to a "buy" rating and raised their price target for the company from $14.00 to $30.00 in a report on Wednesday, March 19th. Daiwa Capital Markets reiterated a "neutral" rating and set a $24.00 target price on shares of XPeng in a research report on Wednesday, March 19th. Bank of America boosted their target price on shares of XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. UBS Group upgraded XPeng from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $8.80 to $18.00 in a report on Monday, February 24th. Finally, Nomura Securities raised XPeng to a "strong-buy" rating in a research note on Tuesday, March 18th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $22.29.

XPeng Price Performance

Shares of NYSE:XPEV traded up $0.70 during midday trading on Wednesday, reaching $20.33. 6,319,237 shares of the company's stock traded hands, compared to its average volume of 11,998,758. The company has a fifty day simple moving average of $19.57 and a two-hundred day simple moving average of $17.18. XPeng Inc. has a 1 year low of $6.60 and a 1 year high of $27.16. The company has a market cap of $19.29 billion, a P/E ratio of -23.37 and a beta of 2.58. 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 (NYSE:XPEV - Get Free Report) last posted its quarterly earnings results on Wednesday, May 21st. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($1.51) by $1.41. The firm had revenue of $2.18 billion during the quarter, compared to analysts' expectations of $15.80 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. Equities analysts predict 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.