Orland Properties Ltd Sells 2,000,000 Shares of XPeng Inc. (NYSE:XPEV)

Orland Properties Ltd trimmed its holdings in XPeng Inc. (NYSE:XPEV - Free Report) by 56.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,524,462 shares of the company's stock after selling 2,000,000 shares during the period. XPeng accounts for 26.3% of Orland Properties Ltd's holdings, making the stock its largest position. Orland Properties Ltd owned 0.16% of XPeng worth $18,019,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in XPEV. EverSource Wealth Advisors LLC raised its position in shares of XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after buying an additional 898 shares in the last quarter. Avior Wealth Management LLC raised its position in XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock valued at $33,000 after purchasing an additional 2,564 shares in the last quarter. Lindbrook Capital LLC lifted its stake in XPeng by 50.7% during the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock worth $40,000 after purchasing an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC bought a new stake in XPeng during the fourth quarter worth $41,000. Finally, Natixis acquired a new stake in shares of XPeng in the 4th quarter valued at $43,000. 21.09% of the stock is currently owned by institutional investors.

XPeng Trading Up 5.9 %

XPEV traded up $1.11 during midday trading on Friday, hitting $19.78. 6,604,891 shares of the company were exchanged, compared to its average volume of 12,719,054. The firm's 50 day moving average price is $20.63 and its 200-day moving average price is $15.93. XPeng Inc. has a 1-year low of $6.60 and a 1-year high of $27.16. The firm has a market capitalization of $18.77 billion, a P/E ratio of -22.74 and a beta of 2.62. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22.

XPeng (NYSE:XPEV - Get Free Report) last posted 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 company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. As a group, equities analysts forecast that XPeng Inc. will post -0.96 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Macquarie reissued a "neutral" rating and set a $18.00 price target on shares of XPeng in a report on Friday, February 7th. Daiwa Capital Markets reissued a "neutral" rating and issued a $24.00 target price on shares of XPeng in a report on Wednesday, March 19th. Daiwa America lowered shares of XPeng from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 19th. Nomura Securities upgraded shares of XPeng to a "strong-buy" rating in a research report on Tuesday, March 18th. Finally, UBS Group upgraded shares of XPeng from a "sell" rating to a "neutral" rating and raised their target price for the company from $8.80 to $18.00 in a research report on Monday, February 24th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, XPeng presently has a consensus rating of "Hold" and an average 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.