XPeng Inc. (NYSE:XPEV) Shares Bought by RWC Asset Management LLP

RWC Asset Management LLP grew its holdings in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 167.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,221,899 shares of the company's stock after buying an additional 765,824 shares during the period. RWC Asset Management LLP owned 0.14% of XPeng worth $17,828,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of XPEV. FMR LLC boosted its stake in XPeng by 8,035.6% in the 3rd quarter. FMR LLC now owns 5,311,499 shares of the company's stock worth $97,519,000 after purchasing an additional 5,246,212 shares in the last quarter. RWC Asset Advisors US LLC boosted its stake in XPeng by 170.3% in the 4th quarter. RWC Asset Advisors US LLC now owns 4,434,392 shares of the company's stock worth $64,698,000 after purchasing an additional 2,793,550 shares in the last quarter. UBS Group AG boosted its stake in XPeng by 1,500.6% in the 3rd quarter. UBS Group AG now owns 2,442,935 shares of the company's stock worth $44,852,000 after purchasing an additional 2,290,309 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in XPeng by 9,123.0% in the 4th quarter. Russell Investments Group Ltd. now owns 815,131 shares of the company's stock worth $11,893,000 after purchasing an additional 806,293 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale bought a new position in XPeng in the 3rd quarter worth about $10,015,000. Institutional investors own 23.05% of the company's stock.

XPeng Stock Performance

Shares of NYSE XPEV traded up $0.76 during midday trading on Friday, hitting $7.84. 19,376,531 shares of the company's stock traded hands, compared to its average volume of 12,941,547. The firm has a fifty day moving average of $8.49 and a 200 day moving average of $11.84. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of -4.67 and a beta of 2.93. XPeng Inc. has a 1 year low of $6.55 and a 1 year high of $23.62. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 1.51.

XPeng (NYSE:XPEV - Get Free Report) last released its earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. The firm had revenue of $1.84 billion during the quarter. XPeng had a negative return on equity of 31.17% and a negative net margin of 33.77%. On average, analysts forecast that XPeng Inc. will post -1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

XPEV has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their target price on shares of XPeng from $19.00 to $9.00 and set a "neutral" rating on the stock in a research note on Friday, February 23rd. Macquarie initiated coverage on shares of XPeng in a research note on Monday, April 15th. They set a "neutral" rating and a $7.00 target price on the stock. Three research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, XPeng currently has an average rating of "Hold" and a consensus price target of $17.48.

About XPeng

XPeng Inc designs, develops, manufactures, and markets smart electric vehicles (EV) 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, maintenance, super charging, technical support, auto financing, insurance technology support, ride-hailing, automotive loan referral, and other services, as well as vehicle leasing and insurance agency services.