75,092 Shares in XPeng Inc. (NYSE:XPEV) Acquired by Virtu Financial LLC

Virtu Financial LLC acquired a new stake in shares of XPeng Inc. (NYSE:XPEV) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 75,092 shares of the company’s stock, valued at approximately $915,000.

Several other institutional investors and hedge funds also recently made changes to their positions in XPEV. Primecap Management Co. CA raised its stake in XPeng by 5.6% during the 2nd quarter. Primecap Management Co. CA now owns 16,421,385 shares of the company’s stock valued at $120,369,000 after buying an additional 872,160 shares during the last quarter. Bank of Montreal Can raised its stake in shares of XPeng by 212.1% in the second quarter. Bank of Montreal Can now owns 4,008,846 shares of the company’s stock worth $31,910,000 after buying an additional 2,724,549 shares during the period. Point72 Hong Kong Ltd bought a new stake in XPeng during the 3rd quarter worth approximately $22,047,000. Point72 Europe London LLP purchased a new position in shares of XPeng during the 2nd quarter valued at $5,923,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of XPeng in the third quarter valued at about $6,233,000. Institutional investors own 21.09% of the company’s stock.

XPeng Price Performance

NYSE XPEV opened at $12.30 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.37 and a debt-to-equity ratio of 0.22. XPeng Inc. has a 52 week low of $6.55 and a 52 week high of $16.28. The company has a fifty day moving average of $12.27 and a two-hundred day moving average of $9.73.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on XPEV shares. Macquarie upgraded shares of XPeng from a “neutral” rating to an “outperform” rating in a research report on Friday, August 30th. The Goldman Sachs Group cut shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 price target on the stock. in a research note on Thursday, November 21st. Bank of America reduced their target price on XPeng from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Wednesday, August 21st. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price target for the company in a report on Friday, November 22nd. Finally, JPMorgan Chase & Co. upgraded XPeng from a “neutral” rating to an “overweight” rating and increased their target price for the company from $8.00 to $11.50 in a research report on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.69.

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.