Oasis Management Co Ltd. purchased a new stake in XPeng Inc. (NYSE:XPEV - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 30,000 shares of the company's stock, valued at approximately $355,000.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Laird Norton Wetherby Wealth Management LLC increased its holdings in XPeng by 10.1% during the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 62,727 shares of the company's stock valued at $741,000 after acquiring an additional 5,767 shares in the last quarter. J. Goldman & Co LP purchased a new stake in XPeng during the fourth quarter worth approximately $414,000. Ethic Inc. lifted its stake in shares of XPeng by 111.2% during the fourth quarter. Ethic Inc. now owns 71,092 shares of the company's stock worth $840,000 after purchasing an additional 37,428 shares in the last quarter. BNP Paribas Financial Markets acquired a new position in shares of XPeng during the fourth quarter worth $9,398,000. Finally, Ancora Advisors LLC lifted its stake in shares of XPeng by 980.0% in the fourth quarter. Ancora Advisors LLC now owns 10,800 shares of the company's stock worth $128,000 after acquiring an additional 9,800 shares in the last quarter. Hedge funds and other institutional investors own 21.09% of the company's stock.
XPeng Stock Up 7.6%
Shares of NYSE XPEV opened at $21.13 on Tuesday. The company has a 50-day moving average price of $20.46 and a 200-day moving average price of $16.38. XPeng Inc. has a 1 year low of $6.60 and a 1 year high of $27.16. The stock has a market capitalization of $20.05 billion, a P/E ratio of -24.29 and a beta of 2.64. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18.
XPeng (NYSE:XPEV - Get Free Report) last posted its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $16.11 billion. On average, equities research analysts forecast that XPeng Inc. will post -0.96 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
XPEV has been the topic of a number of research reports. Daiwa Capital Markets reiterated a "neutral" rating and set a $24.00 price target on shares of XPeng in a research report on Wednesday, March 19th. Barclays increased their price objective on XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a research note on Thursday, March 20th. UBS Group raised shares of XPeng from a "sell" rating to a "neutral" rating and raised their price objective for the company from $8.80 to $18.00 in a research report on Monday, February 24th. JPMorgan Chase & Co. lowered their target price on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 19th. Finally, Nomura Securities raised shares of XPeng to a "strong-buy" rating in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $22.20.
Get Our Latest Stock Analysis on XPEV
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.
See Also
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