Segantii Capital Management Ltd grew its stake in XPeng Inc. (NYSE:XPEV - Free Report) by 155.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,150,000 shares of the company's stock after purchasing an additional 700,000 shares during the quarter. Segantii Capital Management Ltd owned approximately 0.13% of XPeng worth $16,701,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of XPEV. PNC Financial Services Group Inc. grew its holdings in XPeng by 7.1% in the 3rd quarter. PNC Financial Services Group Inc. now owns 11,066 shares of the company's stock valued at $203,000 after buying an additional 732 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of XPeng by 33.0% in the third quarter. Lindbrook Capital LLC now owns 3,149 shares of the company's stock valued at $58,000 after acquiring an additional 781 shares in the last quarter. Compagnie Lombard Odier SCmA increased its position in XPeng by 322.2% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 1,900 shares of the company's stock worth $28,000 after acquiring an additional 1,450 shares during the period. Van ECK Associates Corp raised its stake in XPeng by 0.8% in the 4th quarter. Van ECK Associates Corp now owns 197,640 shares of the company's stock worth $2,884,000 after purchasing an additional 1,523 shares in the last quarter. Finally, Ballentine Partners LLC boosted its holdings in XPeng by 14.6% in the 4th quarter. Ballentine Partners LLC now owns 13,557 shares of the company's stock valued at $198,000 after purchasing an additional 1,729 shares during the period. Institutional investors and hedge funds own 23.05% of the company's stock.
Wall Street Analyst Weigh In
Several research analysts have recently commented on XPEV shares. Macquarie started coverage on shares of XPeng in a report on Monday, April 15th. They set a "neutral" rating and a $7.00 target price on the stock. JPMorgan Chase & Co. dropped their price objective on XPeng from $19.00 to $9.00 and set a "neutral" rating for the company in a report on Friday, February 23rd. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, XPeng currently has a consensus rating of "Hold" and a consensus price target of $17.48.
Check Out Our Latest Stock Report on XPeng
XPeng Price Performance
XPEV stock traded up $0.26 during trading on Thursday, reaching $8.16. 10,059,459 shares of the company were exchanged, compared to its average volume of 13,931,135. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of -4.84 and a beta of 2.84. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.51 and a quick ratio of 1.36. The company has a 50-day moving average of $8.40 and a two-hundred day moving average of $11.47. XPeng Inc. has a twelve month low of $6.55 and a twelve month high of $23.62.
XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings results on Tuesday, March 19th. The company reported ($0.21) earnings per share (EPS) for the quarter. XPeng had a negative return on equity of 31.17% and a negative net margin of 33.77%. The company had revenue of $1.84 billion for the quarter. As a group, equities analysts predict that XPeng Inc. will post -1.25 earnings per share for the current fiscal year.
About XPeng
(
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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