OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $20.80 Million Stock Holdings in XPeng Inc. (NYSE:XPEV)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in XPeng Inc. (NYSE:XPEV) by 947.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,759,750 shares of the company’s stock after buying an additional 1,591,750 shares during the period. XPeng accounts for approximately 1.7% of OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC’s portfolio, making the stock its 8th largest position. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.19% of XPeng worth $20,800,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in XPeng by 5.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,044 shares of the company’s stock worth $154,000 after acquiring an additional 716 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of XPeng by 55.8% in the 4th quarter. EverSource Wealth Advisors LLC now owns 2,508 shares of the company’s stock worth $30,000 after purchasing an additional 898 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of XPeng by 3.9% in the 4th quarter. Quadrant Capital Group LLC now owns 24,192 shares of the company’s stock worth $286,000 after purchasing an additional 913 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of XPeng by 7.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 14,386 shares of the company’s stock worth $170,000 after buying an additional 1,027 shares during the last quarter. Finally, 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 valued at $40,000 after buying an additional 1,138 shares in the last quarter. 21.09% of the stock is owned by institutional investors.

XPeng Price Performance

Shares of XPEV opened at $21.13 on Tuesday. The firm has a fifty day simple moving average of $20.46 and a two-hundred day simple moving average of $16.38. The firm has a market cap of $20.05 billion, a PE ratio of -24.29 and a beta of 2.64. The company has a current ratio of 1.37, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. XPeng Inc. has a 1-year low of $6.60 and a 1-year high of $27.16.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on XPEV. Daiwa America downgraded XPeng from a “strong-buy” rating to a “hold” rating in a report on Wednesday, March 19th. Daiwa Capital Markets reiterated a “neutral” rating and issued a $24.00 price target on shares of XPeng in a research note on Wednesday, March 19th. Nomura raised shares of XPeng from a “neutral” rating to a “buy” rating and increased their price objective for the company from $14.00 to $30.00 in a research report on Wednesday, March 19th. Bank of America raised their price objective on shares of XPeng from $18.60 to $27.00 and gave the company a “buy” rating in a research note on Wednesday, March 19th. Finally, Sanford C. Bernstein set a $18.00 target price on shares of XPeng and gave the stock a “market perform” rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, XPeng currently has a consensus rating of “Hold” and an average target price 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.