Headlands Technologies LLC Purchases New Stake in XPeng Inc. (NYSE:XPEV)

Headlands Technologies LLC purchased a new stake in XPeng Inc. (NYSE:XPEV) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 133,253 shares of the company’s stock, valued at approximately $1,575,000.

Several other institutional investors also recently made changes to their positions in XPEV. Van ECK Associates Corp raised its holdings in shares of XPeng by 14.2% during the fourth quarter. Van ECK Associates Corp now owns 253,875 shares of the company’s stock valued at $3,001,000 after buying an additional 31,538 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in XPeng during the third quarter valued at approximately $6,233,000. FMR LLC raised its position in shares of XPeng by 1,053.8% during the third quarter. FMR LLC now owns 323,581 shares of the company’s stock worth $3,941,000 after purchasing an additional 295,536 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in XPeng during the fourth quarter valued at about $554,000. Finally, AI Squared Management Ltd acquired a new position in XPeng in the 4th quarter worth approximately $2,126,000. 21.09% of the stock is owned by institutional investors.

XPeng Trading Up 1.2 %

Shares of XPEV opened at $20.97 on Wednesday. The business has a 50-day moving average of $19.30 and a 200 day moving average of $14.68. The firm has a market cap of $19.75 billion, a P/E ratio of -24.10 and a beta of 2.68. XPeng Inc. has a fifty-two week low of $6.55 and a fifty-two week high of $27.16. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37.

XPeng (NYSE:XPEV) last issued its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, beating the consensus estimate of ($1.36) by $1.17. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. The company had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $16.11 billion. As a group, research analysts forecast that XPeng Inc. will post -0.96 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on XPEV. Sanford C. Bernstein set a $18.00 price target 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. Barclays increased their price objective on shares of XPeng from $7.00 to $20.00 and gave the company an “underweight” rating in a research note on Thursday, March 20th. Daiwa Capital Markets restated a “neutral” rating and issued a $24.00 target price on shares of XPeng in a research note on Wednesday, March 19th. Finally, JPMorgan Chase & Co. cut their price objective on XPeng from $35.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, XPeng has a consensus rating of “Hold” and a consensus price target of $22.20.

XPeng 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.