Mariner LLC Acquires 18,892 Shares of XPeng Inc. (NYSE:XPEV)

Mariner LLC boosted its stake in shares of XPeng Inc. (NYSE:XPEV - Free Report) by 30.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 81,033 shares of the company's stock after purchasing an additional 18,892 shares during the period. Mariner LLC's holdings in XPeng were worth $958,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its holdings in XPeng by 55.8% in the 4th 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 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock valued at $33,000 after acquiring an additional 2,564 shares during the last quarter. Lindbrook Capital LLC lifted its position in shares of XPeng by 50.7% in the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company's stock worth $40,000 after buying an additional 1,138 shares during the last quarter. Golden State Wealth Management LLC acquired a new position in XPeng in the fourth quarter valued at approximately $41,000. Finally, Compagnie Lombard Odier SCmA grew its stake in XPeng by 1,703.3% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company's stock worth $96,000 after buying an additional 7,665 shares during the last quarter. Institutional investors and hedge funds own 21.09% of the company's stock.

XPeng Price Performance

NYSE:XPEV traded up $1.05 during trading hours on Friday, reaching $19.72. The company had a trading volume of 3,034,189 shares, compared to its average volume of 12,105,569. The stock has a 50-day moving average of $20.62 and a two-hundred day moving average of $15.87. 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 Inc. has a one year low of $6.60 and a one year high of $27.16. The firm has a market capitalization of $18.71 billion, a PE ratio of -22.66 and a beta of 2.62.

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, topping analysts' consensus estimates of ($1.36) by $1.17. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $16.11 billion. Analysts forecast that XPeng Inc. will post -0.96 earnings per share for the current year.

Wall Street Analyst Weigh In

XPEV has been the topic of a number of recent analyst reports. UBS Group raised XPeng from a "sell" rating to a "neutral" rating and lifted their price target for the company from $8.80 to $18.00 in a report on Monday, February 24th. Citigroup raised shares of XPeng from a "neutral" rating to a "buy" rating and upped their price objective for the company from $13.70 to $29.00 in a research note on Monday, March 10th. Daiwa America cut shares of XPeng from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 19th. Barclays boosted their price target on XPeng from $7.00 to $20.00 and gave the company an "underweight" rating in a research note on Thursday, March 20th. Finally, Bank of America upped their price target on XPeng from $18.60 to $27.00 and gave the stock a "buy" rating in a research note on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, XPeng 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.