Polar Capital Holdings Plc Makes New Investment in XPeng Inc. (NYSE:XPEV)

Polar Capital Holdings Plc acquired a new stake in XPeng Inc. (NYSE:XPEV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 558,000 shares of the company's stock, valued at approximately $6,596,000. Polar Capital Holdings Plc owned approximately 0.06% of XPeng at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of XPEV. Alibaba Group Holding Ltd boosted its position in XPeng by 21.2% during the fourth 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 acquired a new stake in shares of XPeng in the 4th quarter valued at approximately $205,501,000. JPMorgan Chase & Co. boosted its holdings in shares of XPeng by 1,138.1% in the 4th quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock valued at $54,354,000 after buying an additional 4,227,055 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of XPeng by 947.5% in the fourth quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,759,750 shares of the company's stock valued at $20,800,000 after buying an additional 1,591,750 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in XPeng by 51.9% during the fourth quarter. Renaissance Technologies LLC now owns 1,073,367 shares of the company's stock worth $12,687,000 after buying an additional 366,667 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 brokerages have commented on XPEV. Daiwa America cut shares of XPeng from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Barclays upped their target price on shares of XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a report on Thursday, March 20th. Citigroup upgraded XPeng from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $13.70 to $29.00 in a report on Monday, March 10th. Nomura upgraded XPeng from a "neutral" rating to a "buy" rating and upped their price objective for the company from $14.00 to $30.00 in a research note on Wednesday, March 19th. Finally, UBS Group upgraded XPeng from a "sell" rating to a "neutral" rating and lifted their target price for the stock from $8.80 to $18.00 in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $22.20.

XPeng Stock Performance

NYSE XPEV traded down $0.70 on Monday, reaching $19.97. The stock had a trading volume of 7,679,669 shares, compared to its average volume of 12,382,627. 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 company has a market cap of $18.95 billion, a P/E ratio of -22.95 and a beta of 2.64. The firm has a fifty day moving average of $20.21 and a two-hundred day moving average of $16.64. XPeng Inc. has a 1-year low of $6.60 and a 1-year high of $27.16.

XPeng (NYSE:XPEV - Get Free Report) last released its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate 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 business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $16.11 billion. On average, equities research analysts anticipate that XPeng Inc. will post -0.96 EPS for the current 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.