XPeng Inc. (NYSE:XPEV) Stock Position Lifted by Twinbeech Capital LP

Twinbeech Capital LP lifted its position in XPeng Inc. (NYSE:XPEV) by 22.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 407,097 shares of the company’s stock after acquiring an additional 74,574 shares during the period. Twinbeech Capital LP’s holdings in XPeng were worth $4,812,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in XPEV. JPMorgan Chase & Co. raised its stake in XPeng by 1,138.1% during 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 during the period. Van ECK Associates Corp raised its position in shares of XPeng by 14.2% during 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 period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of XPeng during the 4th quarter worth approximately $554,000. AI Squared Management Ltd bought a new stake in shares of XPeng in the 4th quarter worth approximately $2,126,000. Finally, Savant Capital LLC acquired a new position in XPeng during the 4th quarter valued at approximately $229,000. 21.09% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on XPEV. Bank of America increased their target price on XPeng from $18.60 to $27.00 and gave the stock a “buy” rating in a research report on Wednesday, March 19th. Citigroup upgraded shares of XPeng from a “neutral” rating to a “buy” rating and upped their price target for the stock from $13.70 to $29.00 in a research report on Monday, March 10th. Daiwa Capital Markets reiterated a “neutral” rating and issued a $24.00 price objective on shares of XPeng in a research report on Wednesday, March 19th. Sanford C. Bernstein set a $18.00 target price on shares of XPeng and gave the company a “market perform” rating in a research note on Wednesday, March 19th. Finally, Macquarie restated a “neutral” rating and issued a $18.00 price target on shares of XPeng in a research note on Friday, February 7th. 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 issued a strong buy rating to the company. According to data from MarketBeat, XPeng currently has an average rating of “Hold” and an average price target of $22.20.

XPeng Stock Performance

Shares of XPEV opened at $19.73 on Wednesday. The firm has a market capitalization of $18.72 billion, a PE ratio of -22.68 and a beta of 2.64. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. The firm has a 50-day moving average price of $20.01 and a 200 day moving average price of $16.72. XPeng Inc. has a 52-week low of $6.60 and a 52-week high of $27.16.

XPeng (NYSE:XPEV) last issued its quarterly earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.36) by $1.17. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $16.11 billion. XPeng had a negative net margin of 15.35% and a negative return on equity of 16.92%. On average, sell-side analysts anticipate that XPeng Inc. will post -0.96 earnings per share for the current fiscal 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.