XPeng Inc. (NYSE:XPEV) shares acquired by Assenagon Asset Management SA


Assenagon Asset Management SA increased its stake in the shares of XPeng Inc. (NYSE: XPEVGet a rating) by 25.9% in the 1st quarter, Holdings Channel.com reports. The fund held 8,568 shares of the company after buying an additional 1,760 shares during the period. Assenagon Asset Management SA’s holdings in XPeng were worth $236,000 when it last filed with the SEC.

Several other hedge funds and other institutional investors also changed their positions in XPEV. AdvisorNet Financial Inc increased its position in XPeng by 213.3% during the fourth quarter. AdvisorNet Financial Inc now owns 940 shares of the company worth $47,000 after purchasing an additional 640 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in XPeng during the fourth quarter worth approximately $326,000. Kestra Advisory Services LLC increased its position in XPeng by 2.0% during the fourth quarter. Kestra Advisory Services LLC now owns 34,770 shares of the company worth $1,750,000 after purchasing an additional 666 shares during the period. Russell Investments Group Ltd. increased its position in XPeng by 1.7% during the fourth quarter. Russell Investments Group Ltd. now owns 68,766 shares of the company worth $3,418,000 after purchasing an additional 1,180 shares during the period. Finally, Altfest LJ & Co. Inc. acquired a new position in XPeng during the fourth quarter worth approximately $267,000. Institutional investors and hedge funds hold 27.01% of the company’s shares.

Stock XPeng down 3.8%

Action XPeng opened at $27.14 on Wednesday. The company has a debt ratio of 0.09, a current ratio of 2.29 and a quick ratio of 2.11. XPeng Inc. has a 1-year low of $18.01 and a 1-year high of $56.45. The company has a market capitalization of $23.22 billion, a PE ratio of -25.13 and a beta of 4.05. The stock’s 50-day moving average price is $26.91 and its 200-day moving average price is $30.63.

XPeng (NYSE: XPEVGet a rating) last released its quarterly results on Monday, May 23. The company reported ($0.32) earnings per share 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. On average, sell-side analysts expect XPeng Inc. to post -1.42 EPS for the current fiscal year.

Changes to analyst ratings

Several research analysts have commented on XPEV shares. Citigroup raised its price target on XPeng from $36.70 to $51.59 and gave the stock a “buy” rating in a Tuesday, June 21 research report. Morgan Stanley lowered its price target on XPeng from $71.00 to $42.00 and set an “overweight” rating on the stock in a Wednesday, March 23 report. Nomura downgraded XPeng from a “buy” rating to a “neutral” rating and lowered its target price for the company from $64.60 to $36.30 in a Thursday, June 30 report. JPMorgan Chase & Co. lowered its target price on XPeng from $42.00 to $35.00 in a Tuesday, May 24 report. Finally, Bank of America lowered its target price on XPeng from $46.00 to $40.00 and set a “buy” rating on the stock in a Tuesday, May 24 report. Two investment analysts gave the stock a hold rating and ten gave the company a buy rating. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.67.

XPeng Profile

(Get a rating)

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.

See also

Want to see which other hedge funds hold XPEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPeng Inc. (NYSE: XPEVGet a rating).

Institutional ownership by quarter for XPeng (NYSE:XPEV)



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