SIH Partners LLLP decreased its position in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 27.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 303,797 shares of the company's stock after selling 113,142 shares during the period. SIH Partners LLLP's holdings in XPeng were worth $3,591,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its holdings in shares of XPeng by 55.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company's stock valued at $30,000 after purchasing an additional 898 shares in the last quarter. Avior Wealth Management LLC increased its holdings in shares of XPeng by 1,215.2% in 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 increased its holdings in shares of XPeng by 50.7% in the fourth quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock valued at $40,000 after purchasing an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of XPeng in the fourth quarter valued at approximately $41,000. Finally, Natixis bought a new position in XPeng in the fourth quarter valued at approximately $43,000. Institutional investors and hedge funds own 21.09% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on XPEV shares. Daiwa America cut shares of XPeng from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 19th. Nomura raised shares of XPeng from a "neutral" rating to a "buy" rating and raised their price objective for the company from $14.00 to $30.00 in a research note on Wednesday, March 19th. Nomura Securities raised shares of XPeng to a "strong-buy" rating in a research note on Tuesday, March 18th. Citigroup raised shares of XPeng from a "neutral" rating to a "buy" rating and raised their price objective for the company from $13.70 to $29.00 in a research note on Monday, March 10th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of XPeng from $35.00 to $31.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, XPeng currently has a consensus rating of "Hold" and an average price target of $22.20.
View Our Latest Stock Report on XPeng
XPeng Stock Down 3.5 %
XPEV traded down $0.72 during trading on Friday, hitting $20.08. The company had a trading volume of 7,280,280 shares, compared to its average volume of 12,895,514. The company has a market capitalization of $19.06 billion, a PE ratio of -23.08 and a beta of 2.62. XPeng Inc. has a one year low of $6.60 and a one year high of $27.16. The firm's 50-day moving average price is $20.54 and its 200 day moving average price is $15.73. 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, beating the consensus estimate of ($1.36) by $1.17. The business 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, equities analysts expect that XPeng Inc. will post -0.96 earnings per share for the current year.
XPeng Company Profile
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Free Report)
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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