SG Americas Securities LLC increased its stake in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 508.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 237,667 shares of the company's stock after acquiring an additional 198,619 shares during the quarter. SG Americas Securities LLC's holdings in XPeng were worth $4,924,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its position in shares of XPeng by 70.1% during the first quarter. Farther Finance Advisors LLC now owns 1,291 shares of the company's stock worth $27,000 after acquiring an additional 532 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in XPeng by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company's stock valued at $154,000 after purchasing an additional 716 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after purchasing an additional 898 shares in the last quarter. Quadrant Capital Group LLC raised its stake in XPeng by 3.9% during the fourth quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company's stock valued at $286,000 after purchasing an additional 913 shares in the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in XPeng by 7.7% during the fourth quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company's stock valued at $170,000 after purchasing an additional 1,027 shares in the last quarter. Institutional investors own 21.09% of the company's stock.
XPeng Trading Down 5.3%
Shares of NYSE XPEV traded down $1.02 during mid-day trading on Friday, reaching $18.21. The company had a trading volume of 10,338,302 shares, compared to its average volume of 11,934,540. The business's 50-day moving average is $19.59 and its 200-day moving average is $17.60. 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 stock has a market cap of $17.28 billion, a price-to-earnings ratio of -20.93 and a beta of 2.58. XPeng Inc. has a 52 week low of $6.60 and a 52 week high of $27.16.
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, topping analysts' consensus estimates of ($1.51) by $1.41. The firm had revenue of $2.18 billion for 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%. Equities analysts expect that XPeng Inc. will post -0.96 earnings per share for the current year.
Analysts Set New Price Targets
XPEV has been the topic of a number of recent research reports. Sanford C. Bernstein set a $19.00 price target on shares of XPeng and gave the company a "market perform" rating in a research note on Thursday, May 22nd. Daiwa America downgraded shares of XPeng from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Bank of America lifted their target price on XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. dropped their target price on XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a report on Wednesday, March 19th. Finally, Nomura upgraded XPeng from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $14.00 to $30.00 in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $22.29.
Get Our Latest Stock Analysis on XPEV
XPeng Profile
(
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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