1 week Ago By ABMN Staff
Mariner LLC boosted its holdings in shares of XPeng Inc. ( NYSE:XPEV – Free Report ) by 30.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC).
The fund owned 81,033 shares of the company’s stock after purchasing an additional 18,892 shares during the period. Mariner LLC’s holdings in XPeng were worth $958,000 at the end of the most recent quarter. A number of other institutional investors and hedge funds also recently modified their holdings of XPEV.
JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 4,227,055 shares in the last quarter. Van ECK Associates Corp increased its position in XPeng by 14.
2% in the 4th quarter. Van ECK Associates Corp now owns 253,875 shares of the company’s stock worth $3,001,000 after purchasing an additional 31,538 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd.
acquired a new position in XPeng in the fourth quarter worth approximately $554,000. AI Squared Management Ltd bought a new position in shares of XPeng during the 4th quarter valued at $2,126,000. Finally, Savant Capital LLC bought a new stake in XPeng in the fourth quarter worth $229,000.
Institutional investors and hedge funds own 21.09% of the company’s stock. Wall Street Analyst Weigh In A number of equities research analysts have issued reports on the company.
UBS Group raised XPeng from a “sell” rating to a “neutral” rating and upped their target price for the stock from $8.80 to $18.00 in a research report on Monday, February 24th.
JPMorgan Chase & Co. cut their target price on shares of XPeng from $35.00 to $31.
00 and set an “overweight” rating for the company in a research note on Wednesday, March 19th. Citigroup raised XPeng from a “neutral” rating to a “buy” rating and upped their price target for the company from $13.70 to $29.
00 in a report on Monday, March 10th. Macquarie reaffirmed a “neutral” rating and set a $18.00 price objective on shares of XPeng in a report on Friday, February 7th.
Finally, Daiwa Capital Markets reiterated a “neutral” rating and issued a $24.00 price objective on shares of XPeng in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company.
Based on data from MarketBeat, XPeng presently has an average rating of “Hold” and an average price target of $22.20. XPeng Trading Down 3.
5 % Shares of NYSE XPEV opened at $20.08 on Monday. The company has a current ratio of 1.
37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22.
The company has a 50-day moving average of $20.54 and a two-hundred day moving average of $15.73.
XPeng Inc. has a 1-year low of $6.60 and a 1-year high of $27.
16. The company has a market cap of $19.06 billion, a PE ratio of -23.
08 and a beta of 2.62. XPeng ( NYSE:XPEV – Get Free Report ) last issued its quarterly 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 business 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, equities analysts expect that XPeng Inc. will post -0.
96 earnings per share for the current fiscal year. XPeng Company Profile ( 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. Featured Articles Want to see what other hedge funds are holding XPEV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for XPeng Inc.
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