2 weeks Ago By ABMN Staff
Invesco Ltd. trimmed its position in shares of XPeng Inc. ( NYSE:XPEV – Free Report ) by 29.
8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 642,580 shares of the company’s stock after selling 272,650 shares during the period. Invesco Ltd.
owned about 0.07% of XPeng worth $7,595,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.
TMT General Partner Ltd purchased a new stake in shares of XPeng in the fourth quarter worth approximately $205,501,000. JPMorgan Chase & Co. increased its stake in XPeng by 1,138.
1% in the fourth quarter. JPMorgan Chase & Co. now owns 4,598,454 shares of the company’s stock worth $54,354,000 after purchasing an additional 4,227,055 shares during the period.
AI Squared Management Ltd bought a new stake in shares of XPeng during the fourth quarter worth $2,126,000. Headlands Technologies LLC purchased a new stake in shares of XPeng during the fourth quarter valued at $1,575,000. Finally, Harvest Fund Management Co.
Ltd purchased a new stake in shares of XPeng during the fourth quarter valued at $970,000. 21.09% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth A number of equities research analysts recently weighed in on the stock. Citigroup upgraded shares of XPeng from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $13.70 to $29.
00 in a report on Monday, March 10th. Nomura raised shares of XPeng from a “neutral” rating to a “buy” rating and lifted their price target for the company from $14.00 to $30.
00 in a research note on Wednesday, March 19th. Sanford C. Bernstein set a $18.
00 price objective on XPeng and gave the stock a “market perform” rating in a research note on Wednesday, March 19th. Nomura Securities raised XPeng to a “strong-buy” rating in a research report on Tuesday, March 18th. Finally, JPMorgan Chase & Co.
cut their price target on XPeng from $35.00 to $31.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 19th.
One analyst has rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.
20. XPeng Price Performance Shares of XPEV opened at $20.80 on Friday.
The company has a 50 day moving average of $20.49 and a two-hundred day moving average of $15.63.
The company has a market cap of $19.74 billion, a price-to-earnings ratio of -23.91 and a beta of 2.
62. The company has a quick ratio of 1.18, a current ratio of 1.
37 and a debt-to-equity ratio of 0.22. XPeng Inc.
has a twelve month low of $6.60 and a twelve month high of $27.16.
XPeng ( NYSE:XPEV – Get Free Report ) last announced its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.
36) by $1.17. The company had revenue of $2.
21 billion for the quarter, compared to analyst estimates of $16.11 billion. XPeng had a negative return on equity of 16.
92% and a negative net margin of 15.35%. As a group, analysts predict that XPeng Inc.
will post -0.96 earnings per share for the current fiscal year. About XPeng ( Free Report ) 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. See Also Receive News & Ratings for XPeng Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for XPeng and related companies with MarketBeat.
com's FREE daily email newsletter ..
