XPeng Inc. (NYSE:XPEV) Stake Decreased by Financial Perspectives Inc

Financial Perspectives Inc cut its holdings in shares of XPeng Inc. (NYSE:XPEV) by 45.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,399 shares of the company’s stock after selling 3,649 shares during the period. Financial Perspectives Inc’s holdings in XPeng were worth $52,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd acquired a new position in shares of XPeng during the third quarter valued at $6,233,000. FMR LLC grew its position in XPeng by 1,053.8% in the 3rd quarter. FMR LLC now owns 323,581 shares of the company’s stock valued at $3,941,000 after buying an additional 295,536 shares in the last quarter. TMT General Partner Ltd bought a new position in XPeng in the 4th quarter valued at about $205,501,000. Point72 Hong Kong Ltd acquired a new position in XPeng during the 3rd quarter valued at about $22,047,000. Finally, Savant Capital LLC acquired a new stake in shares of XPeng in the 4th quarter worth approximately $229,000. 21.09% of the stock is owned by institutional investors.

XPeng Price Performance

XPEV stock opened at $18.00 on Thursday. XPeng Inc. has a one year low of $6.55 and a one year high of $18.29. The firm has a 50-day moving average of $14.05 and a two-hundred day moving average of $11.78. The firm has a market capitalization of $16.95 billion, a PE ratio of -20.68 and a beta of 2.77. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Sanford C. Bernstein raised their price objective on shares of XPeng from $9.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday, November 20th. UBS Group reiterated a “sell” rating and set a $8.80 price target (up from $8.20) on shares of XPeng in a research report on Thursday, December 5th. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a report on Friday, November 22nd. Macquarie reaffirmed a “neutral” rating and set a $18.00 target price on shares of XPeng in a research note on Friday, February 7th. Finally, Citigroup dropped their price target on shares of XPeng from $14.60 to $13.70 and set a “neutral” rating on the stock in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $12.91.

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.