Quinn Opportunity Partners LLC Takes Position in XPeng Inc. (NYSE:XPEV)

Quinn Opportunity Partners LLC acquired a new position in shares of XPeng Inc. (NYSE:XPEV) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 213,886 shares of the company’s stock, valued at approximately $2,528,000.

Several other institutional investors have also recently modified their holdings of XPEV. EverSource Wealth Advisors LLC increased its position in XPeng by 55.8% during the fourth quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after buying an additional 898 shares in the last quarter. Avior Wealth Management LLC boosted its stake in shares of XPeng by 1,215.2% during the fourth quarter. Avior Wealth Management LLC now owns 2,775 shares of the company’s stock valued at $33,000 after acquiring an additional 2,564 shares during the last quarter. Lindbrook Capital LLC increased its position in XPeng by 50.7% during the 4th quarter. Lindbrook Capital LLC now owns 3,382 shares of the company’s stock worth $40,000 after purchasing an additional 1,138 shares in the last quarter. Golden State Wealth Management LLC acquired a new position in XPeng in the 4th quarter valued at about $41,000. Finally, Compagnie Lombard Odier SCmA lifted its holdings in XPeng by 1,703.3% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 8,115 shares of the company’s stock valued at $96,000 after purchasing an additional 7,665 shares in the last quarter. 21.09% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XPEV has been the subject of a number of recent research reports. Nomura Securities upgraded shares of XPeng to a “strong-buy” rating in a report on Tuesday, March 18th. Nomura upgraded shares of XPeng from a “neutral” rating to a “buy” rating and raised their target price for the stock from $14.00 to $30.00 in a research report on Wednesday, March 19th. Barclays boosted their price target on XPeng from $7.00 to $20.00 and gave the company an “underweight” rating in a report on Thursday, March 20th. Sanford C. Bernstein set a $18.00 price objective on XPeng and gave the stock a “market perform” rating in a report on Wednesday, March 19th. Finally, Bank of America lifted their price objective on XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, XPeng currently has an average rating of “Hold” and a consensus target price of $22.20.

XPeng Price Performance

Shares of XPeng stock opened at $17.98 on Friday. The business’s fifty day moving average price is $19.90 and its 200 day moving average price is $15.17. XPeng Inc. has a twelve month low of $6.55 and a twelve month high of $27.16. 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 stock has a market capitalization of $16.93 billion, a P/E ratio of -20.66 and a beta of 2.62.

XPeng (NYSE:XPEV) last released its quarterly earnings data on Tuesday, March 18th. The company reported ($0.19) EPS for the quarter, topping analysts’ consensus estimates of ($1.36) by $1.17. The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate 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, research analysts anticipate that XPeng Inc. will post -0.96 earnings per share for the current year.

About XPeng

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.