Tower Research Capital LLC TRC Lowers Stake in XPeng Inc. (NYSE:XPEV)

Tower Research Capital LLC TRC lowered its stake in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 94.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,431 shares of the company's stock after selling 58,448 shares during the period. Tower Research Capital LLC TRC's holdings in XPeng were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Natixis purchased a new stake in XPeng during the fourth quarter worth $43,000. Dimensional Fund Advisors LP purchased a new stake in XPeng during the fourth quarter worth $122,000. Jump Financial LLC purchased a new stake in XPeng during the fourth quarter worth $5,813,000. Mariner LLC lifted its holdings in shares of XPeng by 30.4% during the 4th quarter. Mariner LLC now owns 81,033 shares of the company's stock valued at $958,000 after purchasing an additional 18,892 shares during the last quarter. Finally, Quinn Opportunity Partners LLC purchased a new stake in shares of XPeng during the 4th quarter valued at $2,528,000. Hedge funds and other institutional investors own 21.09% of the company's stock.

XPeng Price Performance

NYSE XPEV opened at $20.77 on Wednesday. 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 stock's fifty day moving average price is $20.43 and its 200 day moving average price is $16.41. XPeng Inc. has a 1 year low of $6.60 and a 1 year high of $27.16. The company has a market cap of $19.71 billion, a price-to-earnings ratio of -23.87 and a beta of 2.64.

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

Analyst Ratings Changes

Several brokerages have recently commented on XPEV. UBS Group upgraded XPeng from a "sell" rating to a "neutral" rating and increased their price objective for the company from $8.80 to $18.00 in a report on Monday, February 24th. Daiwa Capital Markets reiterated a "neutral" rating and set a $24.00 price objective on shares of XPeng in a report on Wednesday, March 19th. Bank of America increased their price objective on XPeng from $18.60 to $27.00 and gave the company a "buy" rating in a report on Wednesday, March 19th. Citigroup upgraded XPeng from a "neutral" rating to a "buy" rating and increased their price objective for the company from $13.70 to $29.00 in a report on Monday, March 10th. Finally, Sanford C. Bernstein set a $18.00 price objective on XPeng and gave the company a "market perform" rating in a report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, XPeng presently has a consensus rating of "Hold" and a consensus target price 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.

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