XPeng Inc. (NYSE:XPEV) Shares Sold by Bayesian Capital Management LP

Bayesian Capital Management LP lessened its stake in XPeng Inc. (NYSE:XPEV - Free Report) by 71.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,600 shares of the company's stock after selling 82,600 shares during the quarter. Bayesian Capital Management LP's holdings in XPeng were worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised 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 worth $30,000 after acquiring an additional 898 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company's stock valued at $33,000 after buying an additional 2,564 shares during the last quarter. Lindbrook Capital LLC increased its holdings in 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 in the last quarter. Golden State Wealth Management LLC purchased a new position in XPeng in the 4th quarter worth about $41,000. Finally, Natixis purchased a new stake in shares of XPeng during the 4th quarter valued at about $43,000. 21.09% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Daiwa America downgraded XPeng from a "strong-buy" rating to a "hold" rating in a report on Wednesday, March 19th. Sanford C. Bernstein set a $18.00 price objective on shares of XPeng and gave the stock a "market perform" rating in a report on Wednesday, March 19th. Macquarie reiterated a "neutral" rating and issued a $18.00 price target on shares of XPeng in a research report on Friday, February 7th. Citigroup raised shares of XPeng from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $13.70 to $29.00 in a research report on Monday, March 10th. Finally, Barclays raised their target price on XPeng from $7.00 to $20.00 and gave the stock an "underweight" rating in a report on Thursday, March 20th. 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 assigned a strong buy rating to the company. According to MarketBeat, XPeng currently has a consensus rating of "Hold" and a consensus target price of $22.20.

XPeng Price Performance

Shares of XPeng stock traded down $0.01 on Friday, reaching $19.59. The company's stock had a trading volume of 4,298,821 shares, compared to its average volume of 12,499,491. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $18.59 billion, a P/E ratio of -22.52 and a beta of 2.64. XPeng Inc. has a 52-week low of $6.60 and a 52-week high of $27.16. The stock has a 50-day moving average price of $20.47 and a 200-day moving average price of $16.27.

XPeng (NYSE:XPEV - Get Free Report) last posted 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. The firm had revenue of $2.21 billion during the quarter, compared to analysts' expectations of $16.11 billion. XPeng had a negative return on equity of 16.92% and a negative net margin of 15.35%. Analysts expect that XPeng Inc. will post -0.96 EPS for the current year.

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.