Advisor Group Holdings Inc. holds a $1.72 million position in XPeng Inc. (NYSE:XPEV)
Advisor Group Holdings Inc. increased its position in XPeng Inc. (NYSE: XPEV – Get Rating) by 13.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,185 shares of the company after purchasing an additional 1,657 shares during the period. Advisor Group Holdings Inc.’s holdings in XPeng were worth $1,718,000 when it last filed with the SEC.
Other institutional investors and hedge funds have also recently increased or reduced their stake in the company. Alberta Investment Management Corp increased its position in XPeng by 314.4% in the fourth quarter. Alberta Investment Management Corp now owns 277,245 shares of the company valued at $13,954,000 after buying an additional 210,345 shares last quarter. Oxbow Advisors LLC acquired a new position in XPeng in the fourth quarter worth approximately $215,000. Paradigm Financial Advisors LLC increased its position in XPeng by 33.3% in the fourth quarter. Paradigm Financial Advisors LLC now owns 18,168 shares of the company valued at $914,000 after purchasing an additional 4,538 shares last quarter. Geode Capital Management LLC increased its position in XPeng by 13.6% in the fourth quarter. Geode Capital Management LLC now owns 1,584,405 shares of the company valued at $79,092,000 after purchasing an additional 189,355 shares last quarter. Finally, Element Pointe Advisors LLC increased its position in XPeng by 34.7% in the fourth quarter. Element Pointe Advisors LLC now owns 30,286 shares of the company valued at $1,524,000 after purchasing an additional 7,802 shares in the last quarter. 27.01% of the shares are currently held by institutional investors and hedge funds.
Stock XPeng down 2.4%
Shares of NYSE:XPEV opened at $22.37 on Thursday. XPeng Inc. has a 52 week low of $18.01 and a 52 week high of $56.45. The company has a debt ratio of 0.09, a quick ratio of 2.11 and a current ratio of 2.29. The company has a market capitalization of $19.14 billion, a PE ratio of -20.71 and a beta of 3.11. The company has a 50-day moving average price of $27.36 and a two-hundred-day moving average price of $27.84.
XPeng (NYSE:XPEV – Get Rating) last released its results on Monday, May 23. The company reported ($0.32) EPS for the quarter. XPeng had a negative net margin of 22.63% and a negative return on equity of 14.59%. The company had revenue of $1.18 billion in the quarter. Analysts expect XPeng Inc. to post earnings per share of -3.69 for the current year.
Analyst upgrades and downgrades
A number of stock analysts have commented on the stock. Citigroup raised its price target on XPeng shares from $36.70 to $51.59 and gave the company a “buy” rating in a Tuesday, June 21 research report. Barclays cut its price target on XPeng shares from $39.00 to $30.00 and set an “overweight” rating on the stock in a Tuesday May 24 research report. JPMorgan Chase & Co. cut its target price on XPeng shares from $42.00 to $35.00 in a Tuesday, May 24 research report. Bank of America cut its price target on XPeng shares from $46.00 to $40.00 and set a “buy” rating on the stock in a Tuesday, May 24 research report. Finally, Macquarie downgraded shares of XPeng from an “outperform” rating to a “neutral” rating and set a target price of $25.00 for the stock. in a research report on Wednesday, August 3. Three equity research analysts gave the stock a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.57.
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XPeng Inc designs, develops, manufactures and markets smart electric vehicles in the People’s Republic of China. It offers SUVs under the G3 and G3i names; four-door sports sedans as the P7; and family sedans as the P5. The company also offers contracts for sales, maintenance, super charging, vehicle rental, insurance agency, carpooling, technical assistance, car loan referral and car financing, music subscription and other services.
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