XPeng Inc. (NYSE:XPEV) Stock Holdings Increased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 51.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,073,367 shares of the company's stock after purchasing an additional 366,667 shares during the quarter. Renaissance Technologies LLC owned approximately 0.11% of XPeng worth $12,687,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. TMT General Partner Ltd acquired a new stake in shares of XPeng during the fourth quarter worth about $205,501,000. JPMorgan Chase & Co. lifted its holdings in shares of XPeng by 1,138.1% during the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company's stock worth $54,354,000 after purchasing an additional 4,227,055 shares during the period. AI Squared Management Ltd acquired a new position in XPeng in the 4th quarter valued at $2,126,000. Headlands Technologies LLC acquired a new stake in shares of XPeng in the 4th quarter worth $1,575,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of XPeng in the fourth quarter valued at about $970,000. Hedge funds and other institutional investors own 21.09% of the company's stock.

XPeng Stock Down 1.4 %

Shares of NYSE:XPEV traded down $0.26 during trading on Monday, hitting $17.96. The company's stock had a trading volume of 1,374,454 shares, compared to its average volume of 12,961,740. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $27.16. The stock's 50-day moving average price is $20.23 and its two-hundred day moving average price is $15.48. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. The company has a market capitalization of $17.05 billion, a PE ratio of -20.66 and a beta of 2.62.

XPeng (NYSE:XPEV - Get Free Report) last issued its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.36) by $1.17. The firm had revenue of $2.21 billion for the quarter, compared to analysts' expectations 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, sell-side analysts expect that XPeng Inc. will post -0.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. 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 report on Monday, March 10th. Daiwa America downgraded XPeng from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 19th. Barclays upped their price target 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. UBS Group raised XPeng from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $8.80 to $18.00 in a research note on Monday, February 24th. Finally, Daiwa Capital Markets reaffirmed a "neutral" rating and set a $24.00 price target on shares of XPeng in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, XPeng has a consensus rating of "Hold" and an average price target of $22.20.

XPeng 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.