Orland Properties Ltd Reduces Position in 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 & Exchange Commission. The fund owned 1,524,462 shares of the company's stock after selling 2,000,000 shares during the period. XPeng accounts for about 26.3% of Orland Properties Ltd's portfolio, making the stock its biggest holding. Orland Properties Ltd owned approximately 0.16% of XPeng worth $18,019,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the business. Northern Trust Corp raised its stake in XPeng by 20.9% in the 4th quarter. Northern Trust Corp now owns 160,733 shares of the company's stock worth $1,900,000 after purchasing an additional 27,838 shares in the last quarter. Optiver Holding B.V. acquired a new stake in XPeng in the 4th quarter worth about $1,157,000. Natixis acquired a new stake in XPeng in the 4th quarter worth about $43,000. Dimensional Fund Advisors LP acquired a new stake in XPeng in the 4th quarter worth about $122,000. Finally, Jump Financial LLC acquired a new stake in XPeng in the 4th quarter worth about $5,813,000. 21.09% of the stock is owned by institutional investors and hedge funds.

XPeng Trading Down 3.5 %

XPEV opened at $20.08 on Monday. XPeng Inc. has a fifty-two week low of $6.60 and a fifty-two week 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 firm has a market capitalization of $19.06 billion, a price-to-earnings ratio of -23.08 and a beta of 2.62. The company's 50 day moving average price is $20.54 and its two-hundred day moving average price is $15.73.

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

Analyst Ratings Changes

Several analysts have weighed in on the stock. Citigroup upgraded shares of XPeng from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $13.70 to $29.00 in a research note on Monday, March 10th. Barclays lifted their price objective on shares of XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a research note on Thursday, March 20th. Macquarie restated a "neutral" rating and issued a $18.00 target price on shares of XPeng in a research report on Friday, February 7th. Daiwa America cut shares of XPeng from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, March 19th. Finally, Nomura upgraded shares of XPeng from a "neutral" rating to a "buy" rating and boosted their target price for the company from $14.00 to $30.00 in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, XPeng presently has a consensus rating of "Hold" and a consensus target price 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.

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