Invesco Ltd. lowered its position in XPeng Inc. (NYSE:XPEV - Free Report) by 29.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 642,580 shares of the company's stock after selling 272,650 shares during the quarter. Invesco Ltd. owned 0.07% of XPeng worth $7,595,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Quadrant Capital Group LLC raised its holdings in shares of XPeng by 3.9% during the fourth quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company's stock worth $286,000 after purchasing an additional 913 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of XPeng by 62.9% in the fourth quarter. Wells Fargo & Company MN now owns 11,116 shares of the company's stock valued at $131,000 after buying an additional 4,292 shares during the period. Headlands Technologies LLC acquired a new stake in XPeng during the fourth quarter valued at approximately $1,575,000. O Shaughnessy Asset Management LLC boosted its stake in shares of XPeng by 35.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 24,529 shares of the company's stock worth $290,000 after acquiring an additional 6,411 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of XPeng by 1,138.1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock worth $54,354,000 after acquiring an additional 4,227,055 shares in the last quarter. Institutional investors and hedge funds own 21.09% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Daiwa Capital Markets reiterated a "neutral" rating and issued a $24.00 target price on shares of XPeng in a research report on Wednesday, March 19th. Barclays lifted their price target on XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a research report on Thursday, March 20th. Daiwa America downgraded XPeng from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. decreased their price objective on XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a report on Wednesday, March 19th. Finally, Nomura Securities raised XPeng to a "strong-buy" rating in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $22.20.
Read Our Latest Research Report on XPEV
XPeng Stock Down 0.3 %
Shares of NYSE:XPEV traded down $0.05 during midday trading on Wednesday, reaching $18.62. The company's stock had a trading volume of 4,585,632 shares, compared to its average volume of 12,841,307. The firm has a 50 day moving average of $20.61 and a 200-day moving average of $15.82. XPeng Inc. has a 12-month low of $6.60 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 has a market capitalization of $17.67 billion, a P/E ratio of -21.40 and a beta of 2.62.
XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.36) by $1.17. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. On average, research analysts anticipate that XPeng Inc. will post -0.96 earnings per share for the current year.
XPeng Company Profile
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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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