SBI Securities Co. Ltd. Acquires New Position in XPeng Inc. (NYSE:XPEV)

SBI Securities Co. Ltd. bought a new position in XPeng Inc. (NYSE:XPEV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,956 shares of the company’s stock, valued at approximately $212,000.

Several other large investors have also recently modified their holdings of the business. Avior Wealth Management LLC boosted its stake in XPeng by 1,215.2% in the 4th quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock worth $33,000 after purchasing an additional 2,564 shares during the period. Golden State Wealth Management LLC bought a new position in shares of XPeng in the fourth quarter valued at approximately $41,000. Compagnie Lombard Odier SCmA increased its holdings 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 acquiring an additional 7,665 shares during the period. Venturi Wealth Management LLC bought a new stake in XPeng during the 3rd quarter worth approximately $110,000. Finally, Atomi Financial Group Inc. lifted its stake in XPeng by 44.9% in the 4th quarter. Atomi Financial Group Inc. now owns 15,346 shares of the company’s stock worth $181,000 after purchasing an additional 4,758 shares in the last quarter. Hedge funds and other institutional investors own 21.09% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on XPEV. China Renaissance raised shares of XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target on the stock in a report on Friday, November 22nd. The Goldman Sachs Group cut XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a report on Thursday, November 21st. Macquarie restated a “neutral” rating and issued a $18.00 price objective on shares of XPeng in a research report on Friday, February 7th. Sanford C. Bernstein lifted their target price on shares of XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, November 20th. Finally, UBS Group raised shares of XPeng from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $8.80 to $18.00 in a research note on Monday, February 24th. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, XPeng has a consensus rating of “Moderate Buy” and an average price target of $13.93.

XPeng Trading Up 2.7 %

XPEV stock opened at $22.25 on Friday. The company has a market capitalization of $20.96 billion, a PE ratio of -25.58 and a beta of 2.68. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37. XPeng Inc. has a one year low of $6.55 and a one year high of $23.36. The company’s 50 day moving average price is $15.72 and its two-hundred day moving average price is $12.77.

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.