DekaBank Deutsche Girozentrale reduced its stake in XPeng Inc. (NYSE: XPEV – Get a rating) by 50.8% in the first quarter, according to the company in its latest filing with the SEC. The fund held 41,266 shares of the company after selling 42,565 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in XPeng were worth $6,118,000 when it last filed with the SEC.
Other hedge funds have also recently been buying and selling shares of the company. CWM LLC purchased a new stake in XPeng in Q4 worth approximately $40,000. UMB Bank NA MO bought a new stake in XPeng in Q4 worth around $41,000. AdvisorNet Financial Inc increased its position in XPeng by 213.3% in Q4. AdvisorNet Financial Inc now owns 940 shares of the company valued at $47,000 after buying an additional 640 shares in the last quarter. IndexIQ Advisors LLC bought a new stake in XPeng in Q4, valued at around $87,000. Finally, Quadrant Capital Group LLC increased its position in XPeng by 39.5% in the 4th quarter. Quadrant Capital Group LLC now owns 2,242 shares of the company valued at $113,000 after purchasing an additional 635 shares in the last quarter. 27.01% of the shares are currently held by institutional investors.
XPeng Stock Performance
XPEV Stock opened at $29.54 on Monday. The company has a debt ratio of 0.09, a quick ratio of 2.11 and a current ratio of 2.29. The stock has a market capitalization of $25.27 billion, a P/E ratio of -27.35 and a beta of 4.05. The company has a 50-day simple moving average of $26.61 and a 200-day simple moving average of $30.81. XPeng Inc. has a 52 week low of $18.01 and a 52 week high of $56.45.
XPeng (NYSE: XPEV – Get a rating) last released its quarterly results on Monday, May 23. The company reported ($0.32) EPS for the quarter. The company had revenue of $1.18 billion for the quarter. XPeng had a negative return on equity of 14.59% and a negative net margin of 22.63%. Research analysts expect XPeng Inc. to post -1.42 earnings per share for the current fiscal year.
Changes to analyst ratings
Several brokerages have recently weighed in on XPEV. Macquarie assumed coverage of XPeng shares in a Wednesday, May 25 research report. They issued an “outperform” rating and a price target of $38.20 on the stock. HSBC assumed XPeng stock coverage in a research report on Friday, April 1. They have set a “buy” rating and a price target of $37.00 on the stock. JPMorgan Chase & Co. lowered its price target on XPeng shares from $42.00 to $35.00 in a Tuesday, May 24 research report. launched a hedge on XPeng shares in a research note on Thursday, March 24. They issued a “buy” rating and a price target of $55.60 on the stock. Finally, CLSA launched a hedge on XPeng shares in a Wednesday, March 23 research note. They issued a “buy” rating and a price target of $42.00 on the stock. Two research analysts gave the stock a hold rating and ten gave the company a buy rating. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $41.67.
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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