Headlands Technologies LLC Purchases New Shares in XPeng Inc. (NYSE:XPEV)

Headlands Technologies LLC purchased a new position in XPeng Inc. (NYSE:XPEV - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 133,253 shares of the company's stock, valued at approximately $1,575,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its holdings in shares of XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock worth $30,000 after purchasing an additional 898 shares during the period. Avior Wealth Management LLC grew its position in shares of XPeng by 1,215.2% during the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock valued at $33,000 after buying an additional 2,564 shares during the last quarter. Lindbrook Capital LLC raised its stake in XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock worth $40,000 after acquiring an additional 1,138 shares during the period. Golden State Wealth Management LLC bought a new position in XPeng in the fourth quarter worth about $41,000. Finally, Compagnie Lombard Odier SCmA boosted its stake in XPeng by 1,703.3% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company's stock valued at $96,000 after acquiring an additional 7,665 shares during the period. 21.09% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on XPEV shares. Nomura Securities upgraded XPeng to a "strong-buy" rating in a research report on Tuesday, March 18th. UBS Group upgraded XPeng from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $8.80 to $18.00 in a research note on Monday, February 24th. Barclays boosted their price target on shares of XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, March 20th. Nomura raised shares of XPeng from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $14.00 to $30.00 in a report on Wednesday, March 19th. Finally, JPMorgan Chase & Co. reduced their target price on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $22.20.

XPeng Price Performance

NYSE XPEV traded down $1.69 on Friday, reaching $19.43. 15,827,964 shares of the stock traded hands, compared to its average volume of 12,969,184. XPeng Inc. has a 12 month low of $6.55 and a 12 month high of $27.16. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The firm's fifty day simple moving average is $19.66 and its 200 day simple moving average is $14.88. The company has a market cap of $18.30 billion, a price-to-earnings ratio of -22.33 and a beta of 2.62.

XPeng (NYSE:XPEV - Get Free Report) last released its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.36) by $1.17. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. As a group, research analysts predict 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.