Twinbeech Capital LP Purchases 74,574 Shares of XPeng Inc. (NYSE:XPEV)

Twinbeech Capital LP raised its position in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 22.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 407,097 shares of the company's stock after acquiring an additional 74,574 shares during the period. Twinbeech Capital LP's holdings in XPeng were worth $4,812,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Polar Capital Holdings Plc acquired a new stake in shares of XPeng in the fourth quarter valued at approximately $6,596,000. Quantinno Capital Management LP increased its stake in XPeng by 49.7% during the 4th quarter. Quantinno Capital Management LP now owns 40,660 shares of the company's stock worth $481,000 after acquiring an additional 13,507 shares during the period. Man Group plc increased its stake in XPeng by 46.4% during the 4th quarter. Man Group plc now owns 294,141 shares of the company's stock worth $3,477,000 after acquiring an additional 93,160 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in XPeng by 947.5% in the 4th quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company's stock valued at $20,800,000 after acquiring an additional 1,591,750 shares in the last quarter. Finally, Oasis Management Co Ltd. bought a new stake in shares of XPeng during the 4th quarter valued at $355,000. Institutional investors own 21.09% of the company's stock.

XPeng Price Performance

Shares of XPeng stock traded down $0.52 during midday trading on Friday, hitting $19.98. 8,966,664 shares of the company traded hands, compared to its average volume of 12,142,343. The firm's fifty day moving average price is $19.90 and its 200-day moving average price is $16.81. The stock has a market cap of $18.96 billion, a price-to-earnings ratio of -22.97 and a beta of 2.64. XPeng Inc. has a 12 month low of $6.60 and a 12 month 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.

XPeng (NYSE:XPEV - Get Free Report) last issued its earnings results 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 firm had revenue of $2.18 billion for the quarter, compared to analyst estimates of $15.80 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. As a group, sell-side analysts forecast that XPeng Inc. will post -0.96 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on XPEV shares. Daiwa America lowered XPeng from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 19th. Barclays increased their price objective on shares of XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a research note on Thursday, March 20th. JPMorgan Chase & Co. decreased their target price on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, March 19th. Sanford C. Bernstein set a $19.00 price target on shares of XPeng and gave the stock a "market perform" rating in a report on Thursday. Finally, UBS Group upgraded shares of XPeng from a "sell" rating to a "neutral" rating and increased their price target for the stock from $8.80 to $18.00 in a research report on Monday, February 24th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average 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.