OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Boosts Holdings in XPeng Inc. (NYSE:XPEV)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in XPeng Inc. (NYSE:XPEV - Free Report) by 947.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,759,750 shares of the company's stock after acquiring an additional 1,591,750 shares during the period. XPeng accounts for approximately 1.7% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings, making the stock its 8th largest position. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of XPeng worth $20,800,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in XPEV. Alibaba Group Holding Ltd raised its stake in XPeng by 21.2% during the 4th quarter. Alibaba Group Holding Ltd now owns 37,959,232 shares of the company's stock valued at $448,678,000 after purchasing an additional 6,650,000 shares during the last quarter. TMT General Partner Ltd bought a new position in XPeng during the 4th quarter valued at about $205,501,000. JPMorgan Chase & Co. lifted its holdings in XPeng by 1,138.1% during the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock valued at $54,354,000 after purchasing an additional 4,227,055 shares during the last quarter. Renaissance Technologies LLC increased its position in XPeng by 51.9% in the 4th quarter. Renaissance Technologies LLC now owns 1,073,367 shares of the company's stock valued at $12,687,000 after acquiring an additional 366,667 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new position in shares of XPeng in the fourth quarter worth about $9,398,000. 21.09% of the stock is owned by institutional investors.

XPeng Stock Up 0.1%

Shares of XPeng stock traded up $0.01 on Friday, hitting $20.63. The company had a trading volume of 5,657,766 shares, compared to its average volume of 12,388,756. The firm has a market capitalization of $19.58 billion, a P/E ratio of -23.72 and a beta of 2.64. XPeng Inc. has a twelve month low of $6.60 and a twelve month high of $27.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.37 and a quick ratio of 1.18. The stock has a 50-day moving average of $20.21 and a 200-day moving average of $16.56.

XPeng (NYSE:XPEV - Get Free Report) last announced its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, topping analysts' consensus estimates of ($1.36) by $1.17. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. Research analysts predict that XPeng Inc. will post -0.96 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on XPEV shares. Daiwa America downgraded shares of XPeng from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Macquarie reaffirmed a "neutral" rating and issued a $18.00 target price on shares of XPeng in a research note on Friday, February 7th. Bank of America boosted their target price on shares of XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. Nomura Securities raised shares of XPeng to a "strong-buy" rating in a research note on Tuesday, March 18th. Finally, JPMorgan Chase & Co. lowered their price target on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating for the company in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $22.20.

XPeng Company Profile

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.