Optiver Holding B.V. Purchases Shares of 97,500 XPeng Inc. (NYSE:XPEV)

Optiver Holding B.V. acquired a new position in shares of XPeng Inc. (NYSE:XPEV - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 97,500 shares of the company's stock, valued at approximately $1,157,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. TMT General Partner Ltd acquired a new stake in shares of XPeng during the 4th quarter worth approximately $205,501,000. JPMorgan Chase & Co. raised its position in XPeng by 1,138.1% in the fourth 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 period. Renaissance Technologies LLC lifted its stake in shares of 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 purchasing an additional 366,667 shares during the last quarter. Jump Financial LLC purchased a new position in shares of XPeng during the 4th quarter worth $5,813,000. Finally, Van ECK Associates Corp increased its position in shares of XPeng by 14.2% during the 4th quarter. Van ECK Associates Corp now owns 253,875 shares of the company's stock worth $3,001,000 after purchasing an additional 31,538 shares during the last quarter. Institutional investors and hedge funds own 21.09% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on XPEV shares. Sanford C. Bernstein set a $18.00 target price on shares of XPeng and gave the company a "market perform" rating in a research report on Wednesday, March 19th. JPMorgan Chase & Co. lowered their price objective 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. Barclays boosted their target price on XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a research report on Thursday, March 20th. Macquarie restated a "neutral" rating and set a $18.00 price target on shares of XPeng in a research report on Friday, February 7th. Finally, Citigroup raised XPeng from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $13.70 to $29.00 in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $22.20.

XPeng Stock Up 5.9 %

Shares of XPEV stock traded up $1.11 during trading hours on Friday, reaching $19.78. 6,604,891 shares of the stock were exchanged, compared to its average volume of 12,719,054. The business's fifty day moving average is $20.63 and its two-hundred day moving average is $15.93. The firm has a market capitalization of $18.77 billion, a P/E ratio of -22.74 and a beta of 2.62. XPeng Inc. has a 12-month low of $6.60 and a 12-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.

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, beating analysts' consensus estimates of ($1.36) by $1.17. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. As a group, research analysts expect that XPeng Inc. will post -0.96 EPS for the current fiscal year.

About XPeng

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.