XPeng Inc. (NYSE:XPEV) Stock Position Raised by Compagnie Lombard Odier SCmA

Compagnie Lombard Odier SCmA raised its position in shares of XPeng Inc. (NYSE:XPEV) by 1,703.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,115 shares of the company’s stock after purchasing an additional 7,665 shares during the quarter. Compagnie Lombard Odier SCmA’s holdings in XPeng were worth $96,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of XPEV. Creative Planning lifted its holdings in shares of XPeng by 20.3% in the third quarter. Creative Planning now owns 39,725 shares of the company’s stock valued at $484,000 after purchasing an additional 6,704 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of XPeng during the third quarter worth $45,000. Sequoia Financial Advisors LLC raised its holdings in shares of XPeng by 24.3% during the third quarter. Sequoia Financial Advisors LLC now owns 13,359 shares of the company’s stock worth $163,000 after acquiring an additional 2,609 shares in the last quarter. Greenleaf Trust raised its holdings in shares of XPeng by 16.2% during the third quarter. Greenleaf Trust now owns 16,068 shares of the company’s stock worth $196,000 after acquiring an additional 2,243 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in shares of XPeng by 32.8% during the third quarter. Ballentine Partners LLC now owns 17,542 shares of the company’s stock worth $214,000 after acquiring an additional 4,335 shares in the last quarter. Hedge funds and other institutional investors own 21.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on XPEV shares. China Renaissance upgraded XPeng from a “hold” rating to a “buy” rating and set a $16.70 price objective for the company in a report on Friday, November 22nd. Sanford C. Bernstein increased their price objective on XPeng from $9.00 to $14.00 and gave the stock a “market perform” rating in a report on Wednesday, November 20th. Citigroup cut their price objective on XPeng from $14.60 to $13.70 and set a “neutral” rating for the company in a report on Wednesday, November 20th. The Goldman Sachs Group downgraded shares of XPeng from a “buy” rating to a “neutral” rating and set a $12.50 target price on the stock. in a research report on Thursday, November 21st. Finally, UBS Group reissued a “sell” rating and set a $8.80 target price (up from $8.20) on shares of XPeng in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.91.

XPeng Trading Up 4.3 %

Shares of NYSE:XPEV opened at $16.64 on Friday. The company has a market cap of $15.67 billion, a P/E ratio of -19.12 and a beta of 2.77. The stock’s 50-day moving average is $13.72 and its 200-day moving average is $11.49. XPeng Inc. has a 52-week low of $6.55 and a 52-week high of $17.70. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.37.

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.