MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. trimmed its position in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 13.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 549,066 shares of the company's stock after selling 87,654 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.06% of XPeng worth $6,490,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also bought and sold shares of XPEV. Laird Norton Wetherby Wealth Management LLC raised its position in shares of XPeng by 10.1% in the fourth quarter. Laird Norton Wetherby Wealth Management LLC now owns 62,727 shares of the company's stock valued at $741,000 after purchasing an additional 5,767 shares during the period. J. Goldman & Co LP purchased a new position in XPeng in the 4th quarter valued at approximately $414,000. Ethic Inc. lifted its position in shares of XPeng by 111.2% during the fourth quarter. Ethic Inc. now owns 71,092 shares of the company's stock worth $840,000 after acquiring an additional 37,428 shares in the last quarter. BNP Paribas Financial Markets bought a new position in shares of XPeng in the fourth quarter worth $9,398,000. Finally, Ancora Advisors LLC raised its stake in shares of XPeng by 980.0% during the 4th quarter. Ancora Advisors LLC now owns 10,800 shares of the company's stock valued at $128,000 after purchasing an additional 9,800 shares during the period. 21.09% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of equities analysts have recently commented on XPEV shares. Bank of America raised their price objective 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. UBS Group raised shares of 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 report on Monday, February 24th. Macquarie reaffirmed a "neutral" rating and issued a $18.00 price target on shares of XPeng in a report on Friday, February 7th. Daiwa America downgraded XPeng from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. reduced their target price on XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, March 19th. 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. According to data from MarketBeat.com, XPeng presently has a consensus rating of "Hold" and a consensus target price of $22.20.
Read Our Latest Stock Analysis on XPeng
XPeng Price Performance
NYSE:XPEV traded down $0.25 during mid-day trading on Tuesday, reaching $19.73. The stock had a trading volume of 6,554,398 shares, compared to its average volume of 12,337,795. The stock has a market capitalization of $18.72 billion, a P/E ratio of -22.68 and a beta of 2.64. The firm has a 50 day moving average price of $20.01 and a two-hundred day moving average price of $16.72. 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 one year low of $6.60 and a one year high of $27.16.
XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, topping analysts' consensus estimates of ($1.36) by $1.17. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $16.11 billion. As a group, analysts expect that XPeng Inc. will post -0.96 earnings per share for the current year.
About XPeng
(
Free Report)
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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